Hey there, folks! If you’ve been keeping an eye on the stock market, you might’ve noticed Yes Bank’s shares took a bit of a tumble today, June 3, 2025. The stock dropped by about 10-11% in early trading, hitting a low of ₹21.43-₹21.55 on the Bombay Stock Exchange (BSE). That’s a pretty sharp fall, especially since the bank’s shares had been on a roll for the past three days. So, what’s the deal?
Well, it seems a couple of things stirred the pot. First, there was a 3% equity block deal that happened, which likely shook things up. On top of that, Yes Bank is gearing up for a board meeting to talk about raising money through things like equity shares or debt securities. They’re looking at options like private placement or preferential issues, which is just a fancy way of saying they’re figuring out how to bring in some cash.
Now, here’s where it gets interesting. Some news reports were floating around, claiming that Sumitomo Mitsui Banking Corporation (SMBC), a big Japanese bank, was chatting with the Reserve Bank of India (RBI) to set up a wholly-owned subsidiary as part of a plan to take a controlling stake in Yes Bank. Sounds like a big move, right? But Yes Bank was quick to shut that down, saying those reports were “factually incorrect.” They made it clear they’re not aware of any such talks, and any mention of a “road map” with the RBI was off the mark.
Despite Yes Bank setting the record straight, investors got a bit spooked, and that’s likely why the stock took a hit today. But let’s zoom out a bit—Yes Bank’s shares have actually been doing pretty well lately. Over the past month, they’ve climbed 23-30%, and since hitting a low of ₹16.02 in March 2025, they’ve jumped a solid 45%. A big reason for this rally? Back on May 9, 2025, SMBC agreed to buy a 20% stake in Yes Bank for a whopping ₹13,483 crore, making it the biggest cross-border investment in India’s banking sector. That’s some serious cash!
So, while today’s drop might have some investors feeling uneasy, Yes Bank’s been on an upward trend overall. It’ll be interesting to see what comes out of that board meeting and how the bank navigates these rumors. Stay tuned, because this story’s far from over!