State Bank of India (SBI) has successfully concluded the sale of its 13.18% stake in Yes Bank Limited to Sumitomo Mitsui Banking Corporation (SMBC), marking a significant development in the Indian banking sector. The transaction, valued at Rs 8,888.97 crore, involved the transfer of 413.44 crore equity shares at Rs 21.50 per share.

Transaction Details

The divestment process, which was initially approved by SBI's Executive Committee of the Central Board, has now reached its conclusion. The share transfer was completed following the satisfaction of conditions outlined in the share purchase agreement.

Regulatory Approvals

The transaction received necessary regulatory green lights, including:

• Approval from the Reserve Bank of India
• Clearance from the Competition Commission of India

Official Disclosure

According to the LODR (Listing Obligations and Disclosure Requirements) filing by SBI, the bank's Deputy General Manager (Compliance & Company Secretary), Aruna N. Dak, confirmed the completion of the share transfer. The filing states:

"Pursuant to SMBC obtaining the requisite approvals from the Reserve Bank of India & CCI and satisfaction of customary conditions precedent as laid out in the share purchase agreement, the transfer of shares has been completed today."

Impact and Significance

This divestment represents a strategic move for both SBI and SMBC. For SBI, it allows the bank to monetize its stake in Yes Bank, while for SMBC, it marks a significant entry into the Indian banking market. The transaction is likely to have implications for Yes Bank's future operations and strategic direction.

Market Reaction

Investors and analysts will be closely watching the market's reaction to this significant transaction. The move could potentially influence the stock prices of both SBI and Yes Bank in the coming trading sessions.

As the banking sector continues to evolve, this transaction underscores the dynamic nature of strategic partnerships and investments in the Indian financial landscape. Market participants will be keen to see how this development affects the broader banking sector and what it might signal for future cross-border investments in Indian banks.

State Bank of India has officially appointed Ravi Ranjan as Managing Director with effect from December 15, 2025, following a government notification issued by the Department of Financial Services, Ministry of Finance. The appointment marks the culmination of the Financial Services Institutions Bureau (FSIB) recommendation process that had earlier shortlisted Ranjan from nine candidates.

Official Appointment Details

The Central Government exercised powers under the State Bank of India Act, 1955, to formalize Ranjan's appointment. Key details of his appointment include:

Professional Background

Ravi Ranjan brings over 34 years of banking experience to his new role. He joined SBI as a Probationary Officer in 1991 and has held various leadership positions across different banking domains. His career highlights include:

Key Positions Held

International Experience

Ranjan has completed two significant foreign assignments that have enhanced his global banking perspective:

• Hong Kong Assignment: Focused on Debt Syndications
• Los Angeles Assignment: Banking operations in California

These international postings have provided him with valuable exposure to global financial markets and international banking practices.

Leadership Transition

This appointment represents a planned leadership transition at India's largest public sector bank. The position was previously held by Vinay Tonse, whose term was scheduled to conclude on November 30, 2025. Ranjan's appointment ensures continuity in SBI's top management structure.

Regulatory Compliance

As part of the disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, SBI confirmed that Ravi Ranjan is not debarred from holding the office of director by virtue of any SEBI order or other regulatory authority. The bank has fulfilled all necessary compliance requirements for the appointment.

With SBI's recent strong financial performance, including a net profit of ₹19,160.00 crore representing a 15% year-on-year increase, Ranjan takes charge at a time when the bank continues to demonstrate robust growth and market leadership in India's banking sector.