Japan’s MUFG Bank is close to agreeing a deal to acquire a stake in Yes Bank, a report by The Hindu Businessline said on April 7. The report, citing sources, added that the deal would value the private bank at $6.5-7 billion.
The Japanese lender is in talks work out a deal with the State Bank of India, which has the largest stake in Yes Bank with 23.98 percent and other institutional investors, the newspaper said.
The newspaper further said that MUFG will initially buy SBI’s stake and eventually pick up a majority stake.
The private lender had reported a net profit of Rs 612.3 crore in the third quarter of fiscal year 2025, 168 percent higher than Rs 231.6 crore in the corresponding quarter last year.
The net interest income of the lender was at Rs 2,223 crore, higher than 10.2 percent from Rs 1,971 crore last year.
Net Interest Margins (NIMs) at 2.4percent flat on both on-year and on-quarter basis, as per press release of the bank.
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