The Yes Bank deal comes a year after Sumitomo Mitsui took full ownership of Fullerton India Credit Co., a provider of housing and car loans, after initially acquiring close to 75% in 2021.

Shares of Yes Bank declined 10.40 per cent to close at ₹ 20.85 apiece on the BSE, and it fell 10.01 per cent to settle at ₹ 20.95 per piece on the NSE.