April 7, 2025
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Japan’s MUFG nears deal to acquire Yes Bank’s stake from SBI, others
Japan’s MUFG Bank is nearing a deal to acquire a stake in Yes Bank, with the private lender valued at $6.5-7 billion, according to The Hindu Businessline. MUFG is in talks with State Bank of India, which holds the largest stake in Yes Bank, and other investors. The deal could see MUFG first acquire SBI’s stake, eventually gaining a majority. Yes Bank reported a net profit of Rs 612.3 crore for Q3 FY2025, up 168% from last year, with a 10.2% increase in net interest income.
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