Mumbai, May 6 -- The clarification came in response to news articles that prompted a regulatory query from stock exchanges seeking clarity on the matter.

In its statement to the exchanges, Yes Bank emphasized that while the institution remains on a growth path and routinely explores strategic opportunities with various stakeholders. However, such discussions are "preliminary and do not warrant a disclosure".

"The information pertaining to these discussions as set out in the article is speculative at this time and are not factually correct," the bank stated.

Earlier the media reported that SMBC received approval from the Reserve Bank of India (RBI) to acquire up to a 51% stake in Yes Bank.

As per the shareholding pattern for the March ...