Mumbai, May 10 -- Japan's Sumitomo Mitsui Banking Corp. (SMBC) will acquire a 20% stake in Yes Bank for Rs.13,482 crore in the largest cross-border investment in Indian banking sector. SMBC will purchase the shares from State Bank of India (SBI) and other Yes Bank shareholders at a price of Rs.21.50, valuing the Mumbai-headquartered lender at $7.9 billion. "SMBC has entered into a definitive agreement on 9 May 2025 to acquire 20% stake in Yes Bank through a secondary stake purchase of 13.19% from SBI and 6.81% aggregate stake from other bank shareholders," Yes Bank said in a press statement on Friday. SMBC will look to increase its holding in Yes Bank over time, eventually triggering an open offer for more shares, said two bankers aware of ...