State Bank of India (SBI) has completed the divestment of about 13.18% stake in Yes Bank to Sumitomo Mitsui Banking Corporation (SMBC) of Japan for Rs 8,888.97 crore. Post the aforesaid divestment, SBI will continue to remain a shareholder in Yes Bank with a holding of 10.8%. The partial stake sale by SBI and other shareholder banks in Yes Bank to SMBC represents the largest cross-border investment in the Indian banking sector.
State Bank of India is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
