**Summary:**
The Competition Commission of India (CCI) approved the acquisition of certain share capital and voting rights of YES Bank by Sumitomo Mitsui Banking Corporation (SMBC) on September 2, 2025. SMBC, a Japan-based commercial bank and a wholly-owned subsidiary of Sumitomo Mitsui Financial Group, operates as a foreign bank in India with branches in New Delhi, Mumbai, Chennai, and GIFT City, Gandhinagar. It provides various banking services, including loans, deposits, and letters of credit. YES Bank, a public listed company, is a full-service private sector bank offering a range of banking and financial services to retail, Micro, Small, and Medium Enterprises (MSMEs), and corporate clients. A detailed order from the Commission will be released subsequently. Release ID: 2163146.
Key Entities Referenced
Competition Commission of India: Regulatory body that approved the acquisition.
YES Bank: A public listed, private sector bank in India, the target of the acquisition.
Sumitomo Mitsui Banking Corporation: Acquiring entity, also known as SMBC, a Japan-based commercial bank.
Sumitomo Mitsui Financial Group: Parent company of Sumitomo Mitsui Banking Corporation.
New Delhi: City in India where SMBC has a branch.
Mumbai, Maharashtra: City in India where SMBC has a branch.
Chennai, Tamil Nadu: City in India where SMBC has a branch.
GIFT City, Gandhinagar, Gujarat: Location of SMBC's offshore branch in India.
Competition Commission of India
CCI approves acquisition of certain share capital and
voting rights of YES Bank by Sumitomo Mitsui
Banking Corporation
Posted On: 02 SEP 2025 6:43PM by PIB Delhi
The Competition Commission of India has approved the acquisition of certain share capital and voting rights
of YES Bank by Sumitomo Mitsui Banking Corporation.
The proposed combination relates to the acquisition of share capital and votingrights of YES Bank by
Sumitomo Mitsui Banking Corporation (SMBC).
SMBC, a Japan-based commercial bank, is a wholly-owned subsidiary and a core operating entity of
Sumitomo Mitsui Financial Group. SMBC is a foreign bank in India, with branches in New Delhi, Mumbai,
Chennai and an offshore branch in GIFT City, Gandhinagar. SMBC provides a range of banking services,
such as provision of loans, accepting deposits and provision of letters of credit in India.
YES Bank, a public listed company, is a private sector bank engaged in providing a range of banking and
financial services. It is a full-service bank offering a wide array of products, services and technology-driven
digital offerings, catering to retail, Micro Small and Medium Enterprises as well as corporate clients.
Detailed order of the Commission will follow.
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NB/AD
(Release ID: 2163146)