Yes Bank hits 52-week high amid SMBC stake news
Yes Bank shares jumped 8.3% to ₹24.30, marking a 52-week high after RBI approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% stake. The stock has risen 39% in six months and 22% YTD. SMBC purchased stakes from SBI, HDFC Bank, and others, signalling renewed investor confidence in the lender.