CCI approves Sumitomo Mitsui Banking Corporation's acquisition of stake in YES Bank
The Competition Commission of India approved on 2 September 2025 the acquisition of certain share capital and voting rights of YES Bank by Japan's Sumitomo Mitsui Banking Corporation.
Summary
The Competition Commission of India (CCI) approved on 2 September 2025 the acquisition of certain share capital and voting rights of YES Bank by Sumitomo Mitsui Banking Corporation (SMBC). SMBC is a Japan-based commercial bank and a wholly owned subsidiary of Sumitomo Mitsui Financial Group; in India it operates as a foreign bank with branches in New Delhi, Mumbai and Chennai and an offshore branch in GIFT City, Gandhinagar. YES Bank is a listed private sector bank serving retail, MSME and corporate clients. The CCI said a detailed order would follow.
Key facts
- Approved
- 2 Sep 2025 by CCI
- Acquirer
- Sumitomo Mitsui Banking Corporation (Japan)
- Target
- YES Bank – share capital and voting rights
- SMBC parent
- Sumitomo Mitsui Financial Group
- SMBC in India
- Branches in New Delhi, Mumbai, Chennai; offshore branch in GIFT City
Practice MCQs 2 questions
In September 2025, the CCI approved the acquisition of certain share capital and voting rights of YES Bank by which bank?
Show answer
Correct answer: D — Sumitomo Mitsui Banking Corporation
The CCI approved the acquisition of certain share capital and voting rights of YES Bank by Japan's Sumitomo Mitsui Banking Corporation.
Sumitomo Mitsui Banking Corporation, which got CCI approval for a YES Bank stake in September 2025, has an offshore branch in India at:
Show answer
Correct answer: A — GIFT City, Gandhinagar
The CCI release says SMBC has branches in New Delhi, Mumbai and Chennai and an offshore branch in GIFT City, Gandhinagar.