Core Insights - SMBC has increased its stake in Yes Bank from 20% to 24.22%, becoming the largest shareholder by acquiring an additional 4.22% stake for ₹8,888.97 crore [1][6] - SBI has reduced its stake in Yes Bank from 24% to a little over 10%, completing a divestment of approximately 13.18% [2][6] - The acquisition by SMBC was executed through an agreement with CA Basque Investments, an affiliate of Carlyle Group, indicating a strategic partnership [4][6] - Yes Bank plans to leverage SMBC's global network to enhance its corporate banking, treasury services, and cross-border banking capabilities, particularly for trade and investment flows between Japan and India [5][6] - Four domestic credit rating agencies have assigned Yes Bank an AA- rating, reflecting improved capital position, governance, and business performance [6]