ICRA

The capital raising committee of the board of YES Bank will meet on February 11 to consider a proposal to seek investor approval for early redemption of Basel II Tier 2 bonds.

Yes Bank Board’s capital raising committee to meet on Feb 11

Yes Bank plans to open 350-400 new branches across the country in the next 3-5 years, Rajan Pental, Executive Director.  Currently, Yes Bank has a network of 1,234 branches across the country with as much as 553 branches in the entire North. In the National Capital Region (NCR) alone, Yes Bank has 175 branches. The strongest distribution of the bank so far since inception has been the Delhi-Mumbai corridor, which has been India’s fastest growing corridor.  For the second quarter ended September 30,2024, Yes Bank had recorded a 145.6 percent y-o-y increase in net profit at ₹ 553 crore (₹223 crore), marking its highest profit since reconstruction.

Yes Bank plans to open 350-400 new branches in 3-5 years, says Executive Director Pental

Sumitomo Mitsui Financial Group Inc. is considering making an additional $1.1 billion investment in Indian lender Yes Bank Ltd., people familiar with the matter said, following a previous investment made by Japan’s second-biggest bank two months ago. SMFG is seeking to acquire about 5% of Yes Bank shares from US investment fund Carlyle Group Inc. and other minority shareholders, the people said, asking not to be identified because the deliberations are private. SMFG may also buy about $680 million in convertible bonds issued by Yes Bank to help boost growth. The fresh investment would bring the total amount to $2.7 billion, giving SMFG a roughly 25% stake in Yes Bank, the people said. Considerations are ongoing and no final decisions have been made.

SMFG said to eye $1.1 billion additional investment in Yes Bank

Yes Bank’s GNPA/NNPA improved to 1.6%/0.3% in FY25, aided by high recoveries and ARC sales. Net credit cost stayed low at 0.3%, and solvency improved to 2.0%. Restructured books dropped to 0.2%, but fresh slippages remain a key monitorable.


Yes Bank’s NIM held at 2.16% in FY25, supported by loan growth and lower low-yield assets. Core profitability remained low at 0.96% due to high costs. Credit cost dropped to 0.26%, aiding profits. Improving scale and cost efficiency is key to boosting RoA.

 The issuer has made timely interest payment.

Prashant Kumar, MD & CEO

Yes Bank’s Tier I stood at 13.5% (Mar 2025), supported by ₹8,886 cr capital raised since FY23 and steady profitability. However, a potential adverse ruling on AT-1 bond write-off could lower CET I by ~280 bps, posing a risk to core capital.


Yes Bank’s advances grew at 8% CAGR to ₹2.46L Cr (Mar 2025), with retail/MSME share rising to 59%. Deposits rose 7% YoY to ₹2.85L Cr, though wholesale deposits remained high at 64%. Sustained retail growth and lowering funding costs are key to profitability.


Rating agency	Rating	Needle position
ICRA	AA- / Stable	near High Safety
IND	AA- / Stable	near High Safety

Security Name: 9.15% Yes Bank Limited 30 Jun 2025

ISIN: INE528G08287

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