Yes Bank’s $5 Billion Stake Said to Attract Lenders From the Middle East, Japan

First Abu Dhabi Bank is considering bid for Yes Bank stake
Some of the larger Japanese banks have also expressed interest

Customers stand in line outside a Yes Bank Ltd. branch in Mumbai.Photographer: Dhiraj Singh/Bloomberg

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By Baiju Kalesh, Preeti Singh, and Saikat Das

July 10, 2024 at 10:41 AM UTC

Updated on

July 11, 2024 at 5:43 AM UTC

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First Abu Dhabi Bank PJSC is among potential suitors for a roughly $5 billion stake in India’s Yes Bank Ltd., according to people with knowledge of the matter.

The Middle Eastern lender is weighing a bid for as much as a 51% stake in Yes Bank, the people said, asking not to be identified as the deliberations are private. The stake sale has also drawn preliminary interest from Japan, including Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc., although it remains unclear how strong their appetite for a deal is and whether they will proceed, the people said.