Yes Bank has said the entry of Japan’s Sumitomo Mitsui Banking Corporation (SMBC) as its largest shareholder has significantly strengthened the bank’s institutional positioning. SMBC, part of Sumitomo Mitsui Financial Group and a Global Systemically Important Bank, holds a 24.9 per cent stake in Yes Bank. The lender said the partnership provides not only additional capital but also strategic benefits, including stronger corporate banking capabilities, improved governance and risk management practices, and greater access to cross-border business opportunities. The development has also coincided with improvements in the bank’s credit profile. Moody’s upgraded Yes Bank’s long-term issuer rating to Ba1 with a stable outlook, while S&P Global Ratings assigned the bank its first international issuer credit rating of BB+, also with a stable outlook. Domestically, all major rating agencies now rate Yes Bank at AA or above, with CARE Ratings, India Ratings and CRISIL assigning AA+ and ICRA assigning AA, all with stable outlooks. Yes Bank said it will continue strengthening its franchise by leveraging SMBC’s global banking expertise and strategic capabilities while focusing on improved governance, risk management and sustainable growth.
Yes Bank Sees Stronger Credit Profile Following SMBC Investment
