New Delhi, July 15 -- YES Bank share price jumped over 3 percent in intra-day deals on Tuesday, July 16 after Sumitomo Mitsui Financial Group (SMFG) is reportedly considering an additional investment of $1.1 billion in the private sector lender, according to media reports.

As part of this potential move, SMFG may also acquire approximately $680 million worth of convertible bonds. Additionally, the Japanese financial giant is said to be exploring the purchase of a 5 percent stake in Yes Bank from existing shareholders such as Carlyle and others. This development underscores SMFG's growing interest in expanding its footprint in India's banking sector through strategic investments in one of the country's leading private lenders.

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