Mumbai, June 2 -- In its 28 May exchange filing, the bank said the board will consider raising funds via equity shares, debt securities, or other eligible instruments -- either convertible or non-convertible -- through routes like private placement, preferential issue, or any other approved method.

Adding to the buzz, media reports indicate that Japan's Sumitomo Mitsui Banking Corporation (SMBC) is gearing up to seek the Reserve Bank of India (RBI)'s nod for a wholly-owned subsidiary in India. This step is widely seen as part of SMBC's strategy to eventually acquire a controlling stake in Yes Bank.

On 9 May 2025, SMBC signed a definitive agreement to buy a 20% stake in Yes Bank via secondary market transactions: 13.19% from SBI and 6.81...