Yes Bank Ltd (YESBANK)

Financial Services · Banks · NSE · Updated 17 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹23.38 ↑ 10.54% (1Y)

🎯 Key Takeaways

Yes Bank is in a recovery and strategic repositioning phase following years of asset quality stress and governance concerns. Management is focused on rebuilding profitability, capital strength, and stakeholder confidence through disciplined growth, capital raising, and strategic partnerships, particularly with SBI and SMBC.
Revenue grew 5.1% QoQ to ₹8,054 in Q1FY27.
⚠️ Execution risk in capital deployment: While fund raising is approved, the pace and profitability of deploying INR 8,500 Crores through the MTN program

Market Cap

₹73,382

P/E Ratio

19.6

P/B Ratio

1.43

ROE

7.4%

ROCE

21.7%

Debt/Equity

1.28

Promoter

0.0%

✨ Ask AI About YESBANK 📊 Interactive Charts

📖 The Story

Yes Bank is in a recovery and strategic repositioning phase following years of asset quality stress and governance concerns. Management is focused on rebuilding profitability, capital strength, and stakeholder confidence through disciplined growth, capital raising, and strategic partnerships, particularly with SBI and SMBC. The bank has shown sequential improvement in profitability and capital ratios, signaling stabilization after a prolonged turnaround period.

📰 What's Happening

In the most recent AGM on August 19, 2026, shareholders approved financial statements showing 44.5% YoY net profit growth to INR 3,476 crore and a strong capital adequacy ratio of 15.3%. The bank also secured approval for fund raising via equity and debt instruments, including a 24.9% stake acquisition by SMBC, signaling strategic partnership momentum. The Board emphasized sustained growth through customer relationship deepening, risk management, and talent investment. Additionally, on August 12, 2026, the Board approved a Medium Term Note Programme allowing up to INR 8,500 Crores of debt issuance, enhancing funding flexibility. Earlier, on August 25, 2026, the bank allotted 508,774 shares under employee stock options, marginally increasing paid-up capital. These developments reflect active capital management and strategic collaboration, particularly with global investors, to support growth ambitions.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	7,389	7,553	7,662	8,054
Operating Profit	1,310	1,240	1,637	1,706
OPM %	14.4%	13.4%	17.3%	17.2%
Net Profit	664	957	1,082	1,072
EPS	₹0.21	₹0.30	₹0.34	₹0.34

Yes Bank has demonstrated consistent top-line growth, with revenue rising from ₹7,389 crore in September 2025 to ₹8,054 crore in June 2026, accompanied by improving operating profitability, as OPM held steady around 17%. Net profit has grown sequentially from ₹664 crore to ₹1,072 crore over the same period, with EPS stabilizing at ₹0.34 in the last two quarters. This profit expansion is occurring alongside a stable but elevated cost structure, indicating better operational leverage. The trend in profitability aligns with management's focus on fee income and retail liability growth, though margin pressure was noted in December 2025 (OPM at 13.4%), suggesting some quarterly volatility in earnings quality.

🔮 Management Outlook & What's Next

Management has expressed a commitment to sustained growth through deepening customer relationships, strengthening risk management frameworks, and investing in talent, as highlighted during the August 19, 2026 AGM. The Board also emphasized shareholder returns as part of the long-term strategy, though specific dividend policies were not detailed. With the approval of a Medium Term Note Programme, the bank is positioning itself for incremental capital access to support future growth, particularly in wholesale and institutional segments. No specific forward guidance on revenue or margins was provided, but the focus remains on profitable expansion and balance sheet resilience.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2026	Mar 2026	Mar 2026	Mar 2027
Equity Capital	6,274	6,276	6,276	6,277
Reserves	42,993	43,946	44,883	46,159
Borrowings	62,651	63,844	65,451	68,509
Total Liabilities	4.30 L Cr	4.27 L Cr	4.70 L Cr	4.63 L Cr
Fixed Assets	3,169	3,199	3,097	3,275
Investments	82,821	90,770	87,755	92,354
Total Assets	4.30 L Cr	4.27 L Cr	4.70 L Cr	4.63 L Cr

The balance sheet shows a steady increase in total assets from ₹4.27 L Cr in March 2026 to ₹4.63 L Cr in March 2027, while equity has remained flat around ₹6,276-6,277 Crores, indicating that growth is being funded primarily through retained earnings and modest debt increases. Borrowings have risen from ₹63,844 Crores to ₹68,509 Crores over the same period, reflecting disciplined leverage to support asset growth without overburdening capital. Reserves have significantly increased from ₹43,946 Crores to ₹46,159 Crores, suggesting improved profitability and capital retention. This pattern indicates a conservative capital allocation strategy focused on asset expansion with manageable leverage and strong reserve buffers.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	+6,386
Investing	+8,527
Financing	-5,651
Net Cash Flow	+9,249

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	0.0%	0.0%	0.0%	0.0%
FII	45.0%	45.7%	46.4%	46.1%
DII	20.8%	21.1%	21.8%	24.1%
Public	29.8%	28.7%	27.5%	25.6%
# Shareholders	62,57,303	61,04,673	60,08,062	58,44,167

Institutional investor interest in Yes Bank has been gradually increasing over the past four quarters, with FII holdings rising from 44.95% in Q2FY26 to 46.12% in Q1FY27, and DII holdings also showing a steady upward trend from 20.8% to 24.05%. The number of public shareholders has slightly declined, but overall shareholder dispersion remains broad. There has been no promoter holding since the restructuring, and no recent pledge or sale activity reported. The growing institutional ownership reflects improving confidence in the bank’s recovery and governance, with foreign investors increasingly allocating capital to the stock amid its turnaround narrative.

⚖️ Peer Comparison — Banks

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
HDFCBANK	11.13 L Cr	14.1	25.0%	14.1%	1.00
ICICIBANK	9.75 L Cr	17.3	28.8%	16.4%	0.61
SBIN	9.15 L Cr	10.6	31.8%	14.8%	1.30
KOTAKBANK	4.13 L Cr	7.1	20.7%	11.2%	0.53
AXISBANK	3.87 L Cr	13.9	22.3%	13.1%	1.31
UNIONBANK	1.36 L Cr	6.6	44.9%	15.0%	0.58
PNB	1.34 L Cr	6.1	45.1%	13.7%	0.72
BANKBARODA	1.21 L Cr	6.7	31.2%	10.7%	1.03
INDIANB	1.13 L Cr	8.8	45.8%	15.7%	0.58
CANBK	1.11 L Cr	5.6	42.1%	16.1%	1.32

🔗 Peer Stock Analyses

HDFCBANK ICICIBANK SBIN KOTAKBANK AXISBANK

⚠️ Risk Factors

1. Execution risk in capital deployment: While fund raising is approved, the pace and profitability of deploying INR 8,500 Crores through the MTN programme or other instruments remain unclear, with potential dilution or unfavorable pricing if market conditions deteriorate. 2. ESG rating downgrade: The decline in ESG score from 70 to 61 and core rating from 37 to 67 may limit access to ESG-focused institutional funds and negatively impact reputation among sustainability-conscious investors. 3. Asset quality vigilance: Despite improved profitability, the bank’s asset quality remains sensitive to macroeconomic headwinds, particularly in unsecured and SME segments, requiring continued prudent underwriting. 4. Market concentration: The stock’s performance remains highly correlated to sentiment around its recovery and institutional ownership trends, making it vulnerable to volatility if earnings guidance is not met.

📋 Recent Filings

🧠 Analyst's Read

Yes Bank is undergoing a structural recovery supported by improving financials, shareholder approvals for strategic initiatives, and growing institutional confidence, but its valuation remains sensitive to execution risks in capital deployment and macroeconomic conditions. The next key watchpoints are the timing and terms of MTN issuances, progress in deepening customer relationships, and whether ESG-related engagement improves to stabilize ratings. While the trajectory is positive, the pace of sustainable profitability and return on equity will determine long-term investor acceptance.

Based on filing content and financial data. Not a recommendation.

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on YESBANK

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-17.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when YESBANK files new disclosures

Track YESBANK filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track YESBANK — Free

Free account · 2 AI queries/day

About · Privacy Policy · Terms of Service · Pricing

Today's Announcements · Screener · Insights · AI Chat

Data provided by CMOTS Internet Technologies Pvt Ltd