Federal Bank has successfully concluded the sale of a significant stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC), marking a notable transaction in the banking sector. The deal, which was executed on September 17, 2025, involved the transfer of 16,62,73,472 equity shares of Yes Bank at a price of ₹21.50 per share.

Transaction Details

Background and Execution

The sale was conducted in accordance with a Letter Agreement dated May 09, 2025, which was signed by Federal Bank, SMBC, and Yes Bank Limited. This strategic move came to fruition after receiving the necessary regulatory approvals and meeting the conditions specified in the agreement.

Regulatory Compliance

Federal Bank, in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, has duly informed the National Stock Exchange of India Limited and BSE Limited about the completion of this transaction.

Market Implications

This substantial stake sale by Federal Bank to SMBC, a major Japanese banking corporation, could potentially influence the dynamics of Yes Bank's ownership structure and might have broader implications for the Indian banking sector.

The successful execution of this high-value transaction demonstrates the continued interest of international financial institutions in the Indian banking market. It also reflects the strategic decisions being made by Indian banks to optimize their investment portfolios.

Investors and market watchers will likely keep a close eye on any subsequent developments or strategic shifts that may arise from this significant ownership change in Yes Bank.

Federal Bank has made this information available on its official website, ensuring transparency for its shareholders and the wider market. As the banking landscape continues to evolve, such strategic moves by major players are expected to shape the sector's future trajectory.

Federal Bank has announced a significant addition to its leadership team, appointing Mr. Srinivasan P as Executive Vice President & Head – Business Initiatives (Wholesale Banking) and a Senior Management Personnel, effective August 28, 2025.

Extensive Banking Experience

Mr. Srinivasan brings a wealth of experience to his new role, with 22 years in the banking sector. His expertise spans various crucial areas, including:

• Corporate Banking
• Trade Finance
• Digital Transformation Initiatives

Previous Roles and Achievements

Prior to joining Federal Bank, Srinivasan held the position of Regional Head - Multinational Corporates Coverage at HDFC Bank. He has also worked with ABN AMRO Central Enterprise, further diversifying his banking experience.

Educational Background

Srinivasan's academic credentials include:

• Master's in Business Administration (MBA)
• Bachelor's degree in Chemical Engineering

Key Competencies

The bank highlighted several key competencies that Srinivasan brings to his new role:

• Team leadership
• Customer acquisition
• Deal structuring
• Credit appraisal
• Business development
• Risk management
• Client engagement

Additionally, he possesses a deep understanding of lending, trade finance, and treasury solutions.

Strategic Appointment

This appointment aligns with Federal Bank's focus on strengthening its wholesale banking division. Srinivasan's extensive experience in working with multinational corporations and his expertise in digital transformation initiatives are expected to contribute significantly to the bank's strategic growth in the wholesale banking sector.

Regulatory Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Federal Bank has made this appointment public through official channels, including notifications to the National Stock Exchange of India Limited and BSE Limited.

This strategic hire underscores Federal Bank's commitment to enhancing its leadership team with experienced professionals, potentially positioning the bank for growth and innovation in its wholesale banking operations.