SBI has completed the divestment of a 13.18% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for around ₹8,889 crore. This transaction involved the sale of 413.44 crore equity shares at ₹21.50 per share. SBI and seven private banks, including HDFC, ICICI, and Axis had signed a definitive agreement to jointly sell 20% stake in Yes Bank.