Yes Bank stake sale: SBI, private banks set to reap a big tax bonanza
The Economic Times·2025-09-14 18:37
With all regulatory approvals in place, SMBC will conclude the deal to buy 20% stake through a secondary market transaction in this quarter. The selling banks will book proceeds as "other income". The Yes Bank Reconstruction Scheme, 2020 has a specific clause exempting banks that invested in the reconstruction from paying capital gains tax on profits from the sale of shares.Yes Bank and SMBC did not respond to ET's queries in this regard.The ₹13,483-crore ($1.6 billion) deal for 20% stake in the private ba ...