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Yes Bank Ltd.

•
yes.bank.inBSE: 532648NSE: YESBANK
Market Cap₹ 73,669 Cr.
Current Price
High / Low₹ 26 / 17
Stock P/E19.7
Book Value₹ 17
Price to Book1.06
Dividend Yield0.00 %
ROCE8.0 %
ROE7.1 %
Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Retail Banking: 42.3% • Corporate/Wholesale Banking: 33.7% • Treasury: 21.2%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence
84%
View full sector analysis →

PROS

  • Asset quality is healthy - gross NPA of just 1.3%
  • Comfortable capital adequacy - CAR of 15.3%
  • Strong provisioning - provision coverage ratio of 81.7%
  • Latest quarter profit grew 33.7% YoY, showing strong momentum
  • Operating margins have improved to 18.3% from 14.0%

CONS

  • A large part of profit comes from other income (147.1% of PBT)
  • Weak return ratios for a lender: 3Y avg ROA 0.6%
  • Thin net interest margin of 2.4%
  • Though reporting repeated profits, the company pays out little dividend (0.0%)
  • Company's return on assets is weak at 0.8%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesBankBank - Private
Part ofNIFTY BANKNIFTYLARGEMIDCAP250NIFTYMIDCAP150NIFTY PVT BANKNIFTY MIDCAP 100
S.No.Name
1.HDFCBANK708.0013.811091323.882.19203826.901092.64905753.30936.6612.8135.64
2.ICICIBANK1379.1517.65989980.040.8716209.7412.6252240.856.4416.5132.39
3.KOTAKBANK418.7020.52416508.360.165487.0623.8918354.576.4112.0519.05
4.AXISBANK1247.5013.98388399.910.087656.5122.3135541.969.8711.0463.88
5.IDBI83.449.6389718.040.002130.575.277549.287.4414.7676.80
6.FEDERALBNK344.4018.1885149.330.351297.6137.067861.589.9410.9866.11
7.AUBANK1058.0043.5779454.720.097959.531270.3153027.421111.1014.1756.24
8.INDUSINDBK977.8057.6176184.770.151037.0271.6811309.94-7.784.9755.07
9.IDFCFIRSTB86.2032.2474319.140.291147.82153.1211051.0914.615.4238.45
10.YESBANK23.4719.5273668.680.001071.8132.538054.495.928.0458.47
11.RBLBANK412.8071.2164022.780.242342.30993.4138402.401015.976.4940.95
12.KARURVYSYA333.8511.7632273.730.78755.7044.923049.4218.7223.6271.82
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
6,4436,7116,9857,4477,7197,7307,8297,6167,5967,3797,5437,6518,044
Interest Expended4,4444,7864,9685,2945,4755,5305,6065,3405,2245,0785,0785,0135,258
Net Interest Income2,0001,9252,0172,1532,2442,2002,2242,2762,3712,3012,4662,6382,786
1,1411,2101,1951,5691,1991,4071,5121,7391,7521,6441,6331,7301,798
Total Income00008,9969,2259,4169,4389,4299,1139,2729,4789,842
Operating Expenses2,3222,3342,3472,8192,5582,6322,6572,7012,7662,6492,8652,7502,880
Operating Profit8188018649028859751,0791,3141,3581,2961,2341,6181,704
Provisions & Contingencies36050055547121229725931828441922188394
Profit before Tax4583013094326746788209961,0748781,2121,4311,309
Tax %25.23%25.17%25.17%-4.70%25.40%18.45%25.36%25.91%25.41%25.42%21.47%25.32%18.21%
Net Profit3432252314525025536127388016549521,0681,071
EPS0000000000000

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
000000027,58630,89530,169—
Interest Expended10,62712,53019,81619,26112,61312,52614,78019,49121,95120,39320,427
Net Interest Income-10,627-12,530-19,816-19,261-12,613-12,526-14,7808,0958,9449,776—
4,1575,2244,59011,8563,0123,2623,6855,1145,8576,7596,805
Total Income000000032,70036,75236,92837,706
00000009,82310,54711,029—
Operating Profit-10,627-12,530-19,816-19,261-12,613-12,526-14,7803,3864,2545,506—
7991,5085,50132,3479,1421,4842,2421,8861,086912—
Profit before Tax5,0446,1942,357-20,826-4,7351,4369631,5003,1684,5944,829
Tax %0.00%0.00%0.00%-0.00%-0.00%0.00%0.00%16.59%24.07%24.35%22.44%
Net Profit3,3304,2251,720-16,418-3,4621,0667171,2512,4063,4763,746
EPS15187-56-200011—

COMPOUNDED SALES GROWTH

10 Years:
8%
5 Years:
9%
3 Years:
10%

COMPOUNDED PROFIT GROWTH

10 Years:
3%
5 Years:
—
3 Years:
69%

STOCK PRICE CAGR

10 Years:
-21%
5 Years:
16%
3 Years:
10%
1 Year:
12%

RETURN ON EQUITY

10 Years:
-2%
5 Years:
4%
3 Years:
5%
Last Year:
7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2018

Jun 4

₹ 1.35

Rs.2.7000 per share(135%)Dividend

2017

May 29

₹ 1.20

2016

May 30

₹ 1

Rs.10.0000 per share(100%)Final Dividend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
LIABILITIES----------
Equity Capital4564614632,5105,0115,0115,7515,7546,2716,276
21,59825,29826,44119,21628,18528,72334,01435,38641,39244,621
1,42,8742,00,7382,27,6101,05,3641,62,9471,97,1922,17,5022,66,3722,84,5253,18,969
38,60774,8941,08,4241,13,79163,94972,20577,45279,94171,60364,864
Other Liabilities & Provisions11,52511,05617,88816,94613,45115,08219,09017,03519,51434,210
Total Liabilities2,15,0603,12,4463,80,8262,57,8272,73,5433,18,2203,54,786414,23,4224,69,105
ASSETS----------
6,95211,42610,7985,9446,81343,45212,86418,13915,26016,745
Balances with Banks & Money at Call12,59713,30916,0922,43922,4963,1876,41079012,79920,883
50,03268,39989,52243,91543,31951,89676,88890,23585,10488,140
1,32,2632,03,5342,41,5001,71,4431,66,8931,81,0522,03,2692,27,7992,46,1882,73,445
6097617677162,0872,0092,1492,5002,8593,077
12,53214,94622,09833,07731,87336,50052,90965,67261,00566,715
Total Assets2,15,0603,12,4463,80,8262,57,8272,73,5433,18,2203,54,786414,23,4224,69,105

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
4,379-21,878-24,661-57,64155,42823,623-25,6269,5966,06221,213
Cash from Investing-4,473-8,692-6,28214,159391-14,493-12,901-12,4258,538-4,957
Cash from Financing11,42935,74833,03925,038-34,9428,25611,2842,506-5,456-6,705
11,3355,1782,096-18,44320,87717,385-27,243-3239,1439,550

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
PER SHARE
EPS (₹)72.9518.347.43-13.08-1.380.430.250.430.771.11
Book Value (₹)483.13111.85116.2217.3113.2513.4613.8314.3015.2016.22
Dividend per Share (₹)12.002.702.000.000.000.000.000.000.000.00
PROFITABILITY
Net Interest Margin %0.00%0.00%0.00%0.00%0.00%0.00%0.00%2.40%2.49%2.45%
ROA %1.75%1.60%0.50%-5.14%-1.30%0.36%0.21%0.33%0.58%0.78%
ROE %18.58%17.67%6.53%-67.52%-12.61%3.19%1.95%3.09%5.42%7.05%
0.00%0.00%0.00%0.00%0.00%0.00%0.00%74.36%71.26%66.70%
ASSET QUALITY
Gross NPA %0.00%0.00%0.00%0.00%0.00%0.00%2.17%0.00%1.60%1.30%
Net NPA %0.00%0.00%0.00%0.00%0.00%0.00%0.83%0.00%0.30%0.20%
Provision Coverage %0.00%0.00%0.00%0.00%0.00%0.00%62.30%0.00%0.00%80.20%
Slippage Ratio %——————————
BALANCE SHEET & LIQUIDITY
CASA %0.00%0.00%0.00%0.00%0.00%0.00%0.00%30.90%34.26%35.10%
Credit-Deposit Ratio %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.30%0.25%0.20%
0.00%0.00%0.00%0.00%0.00%0.00%0.00%15.40%15.60%15.30%
GROWTH & VALUATION
Net Profit Growth %31.13%26.86%-59.28%-1054.38%78.91%130.80%-32.71%74.39%92.30%44.46%
Book Value Growth %0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.41%6.30%6.70%
P/E (x)0.00x0.00x0.00x0.00x0.00x0.00x0.00x53.35x22.01x15.57x
P/B (x)0.00x0.00x0.00x0.00x0.00x0.00x0.00x1.62x1.11x1.06x
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters0.000.000.000.000.000.000.000.000.00
27.0827.0026.7426.8724.9544.9545.7446.4246.12
38.1038.2038.6439.4640.2020.7321.0621.7523.98
Government0.000.000.000.000.000.000.000.000.00
Public34.8134.7934.6233.6634.8434.3033.1931.8229.90

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09
ESOP/ESOS/ESPS

2026-09-09 - Yes Bank Limited has informed the Exchange regarding Intimation of allotment of equity shares pursuant to exercise of stock options under YBL ESOS 2020 Scheme and YBL RSU Plan 2024

2026-09-08
Updates

2026-09-08 - Yes Bank Limited has informed the Exchange regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.

2026-09-02
General Updates

2026-09-02 - YES Bank Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Rating

2026-09-01
Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-01 - YES Bank Limited has informed the Exchange about Schedule of Analyst/ Institutional Investors Meet(s) / Call(s) / VC(s) - Outcome of ASHWAMEDH - ELARA INDIA DIALOGUE 2026

2026-08-28
General Updates

2026-08-28 - Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Rating

2026-08-25
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-25 - Schedule of Analyst/ Institutional Investors Meet(s) / Call(s) / VC(s) Advance Intimation - Anand Rathi Annual Flagship Conference G-200 Summit 2026

2026-08-25
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-25 - Schedule of Analyst/ Institutional Investors Meet(s) / Call(s) / VC(s) Advance Intimation - ASHWAMEDH - ELARA INDIA DIALOGUE 2026

2026-08-25
Allotment of Securities

2026-08-25 - Yes Bank Limited has informed the Exchange regarding Intimation of allotment of equity shares pursuant to exercise of stock options under YBL ESOS 2020 Scheme and YBL RSU Plan 2024.

2026-08-24
Change in Management

2026-08-24 - Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Change in Management

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