Yes Bank , one of India's prominent private sector banks, has achieved a significant milestone in its strategic partnership with Sumitomo Mitsui Banking Corporation (SMBC). The bank has successfully obtained crucial regulatory approvals, paving the way for SMBC to acquire shares and voting rights in Yes Bank.

Regulatory Approvals

Yes Bank has received the green light from two key regulatory bodies:

1. Competition Commission of India (CCI)
2. Reserve Bank of India (RBI)

These approvals are essential for the proposed transaction between Yes Bank and SMBC to move forward.

Strategic Implications

The approved transaction is expected to serve two primary purposes:

1. Strengthening Partnership: The deal aims to reinforce the strategic alliance between Yes Bank and Sumitomo Mitsui Banking Corporation, potentially opening doors for synergies and collaborative opportunities.

2. Capital Enhancement: This move is designed to bolster Yes Bank's capital base, which could improve its financial stability and growth prospects.

Management Updates

In related news, Yes Bank has also announced significant developments in its leadership:

• Chairman Reappointment: The Reserve Bank of India has approved the re-appointment of Mr. Rama Subramaniam Gandhi as the Part-time Chairman of Yes Bank. His new term will extend from September 20, 2025, to May 13, 2027.

• Chairman's Profile: Mr. Gandhi brings a wealth of experience to his role. He is a former Deputy Governor of the Reserve Bank of India and has served on various committees, including the Monetary Policy Committee. His expertise spans financial regulations, banking, and the Indian economy.

Upcoming Investor Events

Yes Bank has also disclosed its participation in upcoming investor events:

• The bank will be present at the JM Financial Flagship India Conference, scheduled for November 19-21, 2025, in Mumbai.
• This event will involve group and one-on-one meetings with analysts and institutional investors.

As Yes Bank continues to strengthen its position and partnerships, these developments signal the bank's commitment to growth, regulatory compliance, and stakeholder engagement. The strategic investment from SMBC, coupled with stable leadership, could potentially enhance Yes Bank's competitive stance in the Indian banking sector.

Yes Bank has announced significant changes to its fee structure, affecting both merchant and salary accounts, with different implementation dates.

Merchant Accounts

Effective October 1, YES Bank is introducing new fee structures for Merchant Easy and Merchant Prime current accounts:

Cash Deposit Limits

• Merchant Easy: Up to 12 times Average Monthly Balance (AMB) (capped at ₹1.50 crore)
• Merchant Prime: Up to 15 times AMB (capped at ₹5.00 crore)
• Excess deposits will incur a charge of ₹4.00 per ₹1,000

Minimum Balance Requirements

• Merchant Easy: ₹25,000
• Merchant Prime: ₹50,000
• Non-maintenance charges range from ₹250 to ₹500

Other Features

• Monthly throughput from POS, QR, or Soundbox devices can substitute AMB requirements
• Both account types will receive Element Business Debit Cards with a ₹349 annual fee
• Various transaction fees apply, including ₹750 for cheque returns due to insufficient funds and ₹100 for printed statements

Salary and Defence-Related Accounts

YES Bank plans to revise charges for these accounts from October 2025:

Debit Cards

• Smart Salary Advantage accounts: RuPay debit cards with a ₹199 joining fee
• Higher-tier variants: Engage or Explore cards with conditional fee waivers

Fee Waivers

Applicable with either:

• Minimum monthly salary credit of ₹10,000, or
• Average monthly balance of ₹10,000

ATM Transactions

• Free transactions at other banks:
  • Metro areas: Up to three per month
  • Non-metro areas: Up to five per month
• Charges for exceeding free limits:
  • Financial transactions: ₹23 per transaction
  • Non-financial transactions: ₹10 per transaction
• International cash withdrawals: ₹150 per transaction

Cheque Return Charges

• First instance: ₹500
• Subsequent instances: ₹750

Account Reclassification

Accounts without salary credits for three consecutive months may be reclassified as regular savings accounts, subject to non-maintenance charges up to ₹750.

Special Account Benefits

Yes Vijay Accounts

• Free Element and Engage debit cards
• Free cash transactions up to ₹1,00,000 or two transactions monthly
• Unlimited free transactions at YES Bank ATMs
• Free NEFT/RTGS services

Defence and Pension Accounts

• Unlimited free transactions at YES Bank ATMs
• Free NEFT/RTGS services

Customers are advised to review these changes to ensure they meet the criteria for fee waivers and optimize their banking experience with YES Bank.