Yes Bank Limited · NSE:YESBANK
Yes Bank — Q3 FY2026 Earnings Presentation
61 slides from Yes Bank's earnings presentation, Jan 17, 2026
Slide 1: Exchange cover letter: Press Release and Investor Presentation Q3FY26
✓vESBANK YBL/CS/2025-26/176 January 17, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relations Department Plot no. C/1, G Block, P.J. Towers, Dalal Street Bandra - Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai - 400 051 BSE Scrip Code: 532648 NSE Symbol: YE
Slide 2: Q3FY26 Key Highlights
Jan 17, 2026 YES BANK delivers a robust Q3 performance with a sharp rise in profitability, sustained business momentum, strong granular CASA, improved margins, and better asset quality Q3FY26 - Key Highlights ▪ Q3FY26 PAT at INR 952 Crs, up 55.4% Y-o-Y & 45.4% Q-o-Q. Adjusted for Gratuity impact PAT
Slide 3: Q3FY26 Financial Highlights
Q3FY26 - Financial Highlights Profit and Loss ▪ Q3FY26 NII at INR 2,466 Crs, up 10.9% Y-o-Y & 7.2% Q-o-Q ▪ NIM for Q3FY26 at 2.6% up 20 bps Y-o-Y and up 10 bps Q-o-Q, as reduction in balances of deposits made in lieu of PSL shortfalls and deposit rate cuts/ repricing impact, more than offset the Ass
Slide 4: Asset Quality and Other Highlights
Asset Quality ▪ GNPA Ratio at 1.5% in Q3FY26 down 10 bps both Y-o-Y and Q-o-Q ▪ NNPA Ratio at 0.3% in Q3FY26 down 20 bps Y-o-Y and flat Q-o-Q ▪ PCR at 83.3% in Q3FY26 v/s 71.2% in Q3FY25 and 81.0% in Q2FY26 ▪ Net Credit Costs negligible for the quarter; Provision for NPAs at 0.5% of Avg. assets v/s
Slide 5: Financial Highlights - Q3FY26 Results
Financial Highlights - Q3FY26 Results Profit & Loss Statement Highlights (INR Crs) Q3FY26 Q2FY26 Growth % Q3FY25 Growth % Net Interest Income 2,466 2,301 7.2% 2,224 10.9% Non-Interest Income 1,633 1,644 -0.7% 1,512 8.0% Total Net Income 4,098 3,945 3.9% 3,736 9.7% Operating Profit/(Loss) 1,234 1,296
Slide 6: Investor Presentation Q3FY26 Financial Results
INVESTOR PRESENTATION Q3FY26 Financial Results January 17, 2026
Slide 7: Contents
✓vESBANK Contents .____L__ Financial _ Results – Q3FY26 _ _ _ _ _ _/ YES BANK Franchise 2
Slide 8: Results At a Glance - Q3FY26
Results At a Glance – Q3FY26 ✓vESBANK All amounts in INR Crs Arrows indicative of Y-o-Y trends Total Assets Advances Deposits CD Ratio Advances Mix1 Disbursement2 Retail : Commercial: Corp. & Insti. 426,007 257,451 292,524 88.0% v/s. Banking (CIB) 26,982 47%:26%:27% (0.7%) : Q-o-Q 2.9% : Q-o-Q (1.3%
Slide 9: Highlights for Q3FY26 (1): Balance Sheet Highlights
Highlights for Q3FY26 (1) ✓vESBANK 1 Balance Sheet Highlights 2 ▪ Advances at INR 2,57,451 Crs; maintained sequential growth momentum at 2.9% QoQ and 5.2% Y-o-Y ▪ Total Disbursements at INR 26,982 Crs up 7% YoY, led by sustenance of growth momentum in Retail assets- Disbursements up ~15% Y-o-Y ▪ Str
Slide 10: Highlights for Q3FY26 (2): P&L Highlights
Highlights for Q3FY26 (2) ✓vESBANK 1 P&L Highlights 2 ▪ Net Profit for Q3FY26 at INR 952 Crs up ~55.4% Y-o-Y • RoA1 at 0.9% for Q3FY26 v/s. 0.6% in Q3FY25 and Q2FY26 • Q3FY26 Operating Profit at INR 1,234 Crs up by 14.3% Y-o-Y; Operating Profit (adjusted for gratuity impact) growth at 28.7% Y-o-Y ▪
Slide 11: Profit and Loss Statement
Profit and Loss Statement ✓vESBANK All amounts in INR Crs • Net Profit for Q3FY26 at INR 952 Crs up 55.4% Y-o-Y Quarter Ended Growth Profit and Loss Statement Q3FY26 Q2FY26 Q3FY25 Q-o-Q Y-o-Y • Operating Profit for Q3FY26 at INR 1,234 Crs up 14.3% Y-o-Y Net Interest Income 2,466 2,301 2,224 7.2% 10.
Slide 12: Break Up of Non-Interest Income
Break Up of Non-Interest Income ✓vESBANK All amounts in INR Crs • Non-Interest Income for Q3FY26 at INR Quarter Ended Growth Break up of Non Interest Income 1,633 Crs, up 8.0% Y-o-Y 1 Q3FY26 Q2FY26 Q3FY25 Q-o-Q Y-o-Y Non Interest Income 1,633 1,644 1,512 -0.7% 8.0% • Interest on Income Tax refunds o
Slide 13: Break up of Operating Expenses
Break up of Operating Expenses ✓vESBANK All amounts in INR Crs • Strong control on Operating costs Quarter Ended Growth continued during the quarter, enabling Break up of Operating Expenses Q3FY26 Q2FY26 Q3FY25 Q-o-Q Y-o-Y improvement in C/I ratio Manpower Cost 1,161 1,152 1,141 0.8% 1.7% • Operatin
Slide 14: Provisions and P&L
Provisions and P&L ✓vESBANK All amounts in INR Crs • Total Provisions for Q3FY26 down 39.6% Y-o- Quarter Ended Growth Y & down 56% Q-o-Q Break up of Provisions • Provision for taxation at INR 260 crs Q3FY26 Q2FY26 Q3FY25 Q-o-Q Y-o-Y includes INR 45 crs reversal for prior years tax refund Operating P
Slide 15: Balance Sheet
Balance Sheet ✓vESBANK All amounts in INR Crs • Balance Sheet expanded by 3.0% Y-o-Y driven by growth in Advances and Deposits Balance Sheet I 31-Dec-25 I 30-Sep-25 I 31-Dec-24 I Q-o-Q % I Y-o-Y % Assets 426,007 429,035 413,607 -0.7% 3.0% and offset by 16.8% reduction in balances of Deposits placed
Slide 16: Break up of Advances & Deposits
Break up of Advances & Deposits ✓vESBANK All amounts in INR Crs Advances Segmental Break up of Advances 2 3 I 31-Dec-25 I 30-Sep-25 I 31-Dec-24 I Q-o-Q % I Y-o-Y % • Retail Banking Advances up 2.3% Y-o-Y Retail Banking ^ 120,865 120,802 118,125 0.1% 2.3% • Of which Cards and Rural Banking up Commerc
Slide 17: Break up of Investments
Break up of Investments ✓vESBANK All amounts in INR Crs • Total Net Investments at INR 91,157 Crs Investments Breakup • SLR – INR 80,698 Crs • Non SLR – INR 10,459 Crs • Standard Rated - INR 8,074 Crs: HTM 0.5% 99.9% Rated AA and above • Security Receipts- NIL • Others Standard 1- INR 2,384 Crs AFS
Slide 18: NPA Highlights
NPA Highlights ✓vESBANK All amounts in INR Crs • GNPA Ratio at 1.5% in Q3FY26 down Asset Quality Parameters 31-Dec-25 30-Sep-25 31-Dec-24 10bps both on Q-o-Q and Y-o-Y basis Gross NPA (%) 1.5% 1.6% 1.6% Net NPA (%) 0.3% 0.3% 0.5% • NNPA Ratio at 0.3% in Q3FY26 flat Q-o- Provision Coverage Ratio excl
Slide 19: Summary of Labelled & Overdue Exposures
Summary of Labelled & Overdue Exposures ✓vESBANK All amounts in INR Crs 31-Dec-25 30-Sep-25 31-Dec-24 • Sustained reduction in Standard Particulars Gross Provisions Gross Provisions Gross Provisions Restructured Advances NPA 4,015 3,343 4,055 3,284 3,963 2,821 Other Non Performing Exposures 4,656 3,
Slide 20: CET Ratio at 13.9%
CET 1 Ratio at 13.9% 1 ✓vESBANK • 1 Bank’s Capital Adequacy Ratio 1 15.5% 15.6% 15.9% RWA to Total Assets at 73.9% vs. 1.6% 1.7% 2.6% 71.7% in Q2FY26 and 72.3% in □ CRAR ■ TIER II Q3FY25 ■ CET 1 13.9% 13.9% 13.3% CET 1 accretion from DTA - Q-o-Q INR 318 Crs. (+10 bps) • 2 31-Dec-25 CET I Q-o-Q Movem
Slide 21: Contents
✓vESBANK Contents Financial Results – Q3FY26 _L _ _ _ _/ YES BANK Franchise 16
Slide 22: New Generation, Professionally Run Private Sector Bank with a Scalable Platform
New Generation, Professionally Run Private Sector Bank with a Scalable Platform ✓vESBANK • 6th Largest Private Sector 1, Universal Bank offering comprehensive suite of product and services via its pan India network of 1,328 branches, 235 BCBOs and 1,351 ATMs (including CRMs and BNAs) in over 300 dis
Slide 23: Retail Bank: Full spectrum retail bank growing with strong momentum
Retail Bank: ✓vESBANK Full spectrum retail bank growing with strong momentum All amounts in INR Crs Growth calibration in Retail Advances 1 kl Pan-India presence via 1,328 118,125 120,426 118,981 120,802 120,865 branches, 235 BC 74% of branches in banking outlets Top 200 deposit and 1,351 ATMs, cent
Slide 24: Retail Assets: Focus on Profitability enhancement
Retail Assets: ✓vESBANK Focus on Profitability enhancement All amounts in INR Crs 1 Retail Banking asset disbursements1: Calibration in Product & Sourcing mix 2 Diversified retail book2 - - - - - - - - - -. - - ' - - - - - - - - - - - ---'--- . Secured Business Loans 9,510 9,187 9,088 Home Loans 7,9
Slide 25: Micro Enterprise Banking
Micro Enterprise Banking ✓vESBANK Catering MSME Market Segment • 1 Steady Growth in Funded Book 19,535 Y-o-Y growth: 8% 19,606 • 4 ; Growth Avenues, Digitization & Product Innovation -------------- ' 18,877 18,831 ; §] : Statistical Model-Based Scoring implemented across lending programs, enhancing
Slide 26: Rural Assets
Rural Assets ✓vESBANK Deepening the penetration in emerging rural markets & generating Agri PSL All amounts in INR Crs • 1 Business originations 1 947 929 928 1,072 1,120 • 2 Robust Farmer financing and Women Microfinance book ▪ ▪ High quality farmer financing book with NPA of ~3.1% Calibrated book
Slide 27: Credit Cards: Steady business growth
Credit Cards: Steady business growth ✓vESBANK • 1 Sustained Strong Growth in Cards, Book Size & Card Spends No of Cards In (‘000s) ■ Book Size in Cr 2,762 2 Key Initiatives Q3 FY 26 EMI Enablement: Enabled real-time EMI conversion at the point of sale, giving customers ■ Spends in Cr flexibility to
Slide 28: Retail Slippages - Improvement on Q-o-Q basis
Retail Slippages1 - Improvement on Q-o-Q basis ✓vESBANK All amounts in INR Crs Sequential improvement in Retail Slippages - Improvement seen even on 1 Year lagged basis Early delinquencies i.e. 30+ also showing signs of improvement Retail Segment Slippages 1,179 1,174 % of Retail Advances 1,164 Reta
Slide 29: Branch Banking: Expanding Footprint, Enhanced Digital Cross Sell
Branch Banking: Expanding Footprint, Enhanced Digital Cross Sell & Growth in Granular Deposits ✓vESBANK All amounts in INR Crs •1 Branch network expanded by 33 branches in Q3 FY26 ■ Branches ■ BCBO 2 Digital Journeys for seamless Customer Acquisition, Servicing & Cross sell Assisted Digital Onboardi
Slide 30: Maximizing Branch Distribution as Fulcrum of Business
Maximizing Branch Distribution as Fulcrum of Business ✓vESBANK Leveraging existing (and growing) network to offer full spectrum of products All amounts in INR Crs Branch Banking led Deposits: 15.4%CAGR (Q3FY24-Q3FY26) Deposits Outperformance in Branch Banking – even Branch led sourcing of Assets and
Slide 31: Deposits Metrics consistently outperforming Industry
Deposits Metrics consistently outperforming Industry ✓vESBANK All amounts in INR Crs Deposits traction : in line with Industry Outperformance with Industry significant in CASA Deposits Uptick in CASA ratio amidst strong headwinds in Industry ■ YBL Total Deposits ■ YBL CASA YES BANK CASA Ratio Indust
Slide 32: Significant progress on ensuring PSL compliance
Significant progress on ensuring PSL compliance Sustained momentum in Organic balances; NIL Shortfalls in Overall ; RIDF Deposits at 6.9% of Assets ✓vESBANK Comprehensive strategy adopted & currently under execution to substantially reduce the quantum of RIDF balances over a 2- year timeframe • On t
Slide 33: Wholesale Banking: Covering Diverse Client Segments
Wholesale Banking ✓vESBANK Covering Diverse Client Segments with Deep Product Expertise CORPORATE & INSTITUTIONAL BANKING CLIENT SEGMENTS COMMERCIAL BANKING Large Financial Multinational & New Government Corporates Institutions Economy Corporates Banking Indian Commercial & Cooperative Banks, Indian
Slide 34: Corporate & Institutional Banking: Wholesale Banking Business (1)
Wholesale Banking Business (1) ✓vESBANK All amounts in INR Crs •1 Corporate & Institutional Banking ■ Funded O/S ■ Non-Funded O/S 3 Providing tailored solutions to clients across business segments 78,414 78,200 • Team of 175 Relationship Bankers in 9 cities 75,783 75,680 74,144 Large • Focus on prov
Slide 35: Wholesale Banking Business (2): Building sustainable Liability Book
Wholesale Banking Business (2) ✓vESBANK Building sustainable Liability Book • CMS solutions for Large and Mid-Corporates • Alignment with Govt. strategy & fund flow to focus on • Exporter Accounts implementing agencies • Real Estate – RERA • Local Bodies, Development Authorities, Smart Cities & Agri
Slide 36: Large Corporates
Large Corporates ✓vESBANK Focus Sectors Pan India Presence Products • Presence in 9 major locations • Working capital Finance, Supply Chain Finance, • Chemicals • Metals & Mining Capex Finance • Infra - Road & Port • Logistics & Warehousing • Delhi • Bengaluru • Electronics & Electricals • Transport
Slide 37: Financial Institutions
Financial Institutions ✓vESBANK Non Banking Financial Company Domestic Banks & FIs • Sustainable asset book building in well rated/ retail focused NBFC’s • Relationship coverage with Domestic Banks & FIs • Strategic PSL funding through NBFC financing • Resource raising in the form of Borrowings & Re
Slide 38: Multinational and New Economy Corporates
Multinational and New Economy Corporates ✓vESBANK • Preferred bank for Unicorns, Soonicorns • Digital and Transaction Banking • Superior digital and Transaction Banking Locations covered Unicorns/ offerings Marquee MNCs Solutions Soonicorns • Supply Chain financing • 24x7 Transaction processing at S
Slide 39: Government Banking
Government Banking ✓vESBANK Enabling Government for settlement & disbursement • Central Ministries • State Governments - Government Fund Flow Management Performance & Quick Turnaround in Solution Identification, Customisation & Delivery Implementation • Local Governments – Urban Local Bodies, Distri
Slide 40: Commercial Banking
Commercial Banking ✓vESBANK fl Growth led by NTB and X-sell Knowledge Sectors – Pharma, - higher wallet share and productivity ltl Chemicals, Auto ancillary, Logistics, Metals Leverage anchor-led ecosystems (dealer/ distributor financing) Strong coverage – presence in 62 key locations TI_ I Laser Sh
Slide 41: Transaction Banking
Transaction Banking ✓vESBANK Leveraging the strength of solutioning, leading to granular CASA, LC, Guarantees, FX Sachetisation of Transaction Banking: Curated Solutioning by Client Segments Strengthening Franchise Market Leadership – YBL Large Corporates FinTech & processes 1 in 3 Digital Payment E
Slide 42: Financial Markets: Customised solutions for clients
Financial Markets Customised solutions for clients ✓vESBANK >15 yrs Remittances 38% Dedicated experienced product sales managers YesFX Currency providing structured hedging solutions Exotics Notes 5-15 yrs Imports Full Yes FxOnline 49% Pan India Presence through sales centres FX Sales Product Suite
Slide 43: Project Finance, Real Estate & Loan Syndication
Project Finance, Real Estate & Loan Syndication ✓vESBANK Sectoral expertise built over the years across sectors viz. Energy, Ports & Logistics, Transport, Real Estate and demonstrated Distribution capabilities across Banks, NBFCs, FIs Sectoral Knowledge Sector-focused Business Development & Risk Ide
Slide 44: IFSC Banking Unit - GIFT City
IFSC Banking Unit - GIFT City ✓vESBANK YES BANK was the first bank to commence its IFSC Banking Unit in GIFT, Gandhinagar, Gujarat - the only International Financial Services Centre in India helping onshoring the offshore funds and investments • Offers comprehensive foreign currency product basket t
Slide 45: Knowledge Banking
Knowledge Banking ✓vESBANK Leveraging knowledge as a competitive differentiator to grow Banking Business Business Economics Banking, Food & Agri Strategic Advisory & Research (FASAR), Corporate & Government Advisory (CGA) • A team with industry specific knowledge & expertise in Economy, Food & Agri,
Slide 46: Digital @ Banking
Digital @ Banking ✓vESBANK A blend of distinctive capabilities, integrated strategy and multi pronged delivery channels aimed at enhancing skill with better efficiency and profitability Distinctive Capabilities Business Integrated Strategy Multi Pronged Delivery Market Leadership – YBL processes ~1
Slide 47: IRIS: A Next Gen all-in-one retail SUPER APP
IRIS ✓vESBANK A Next Gen ‘all-in-one’ retail SUPER APP 250+ Features live on IRIS 45% 70% 44% ~ 74k App Ratings 44 Lakhs Registered customers Monthly Active Credit card EMI Credit card based Service Requests daily Customers conversions done loans (QL) soruced processed via IRIS 4.6 6% ▲ ~9 logins pe
Slide 48: IRIS Biz: A Next Gen all-in-one Business SUPER APP
IRIS Biz ✓vESBANK A Next Gen ‘all-in-one’ Business SUPER APP 100+ Banking Features across Web & Mobile Payments | Collections | Trade Finance | Supply Chain | Business Loans | Liquidity Mgmt | more.. 4 Lakhs + Scan 1,14,000 + 1.6 Cr + 75,500 + 6550 + to Registered watch Active Customers Transactions
Slide 49: YES PAY NEXT: A Next Gen UPI Payment App
YES PAY NEXT ✓vESBANK A Next Gen ‘UPI’ Payment App UPI Payments | Bill Payment & Recharge | UPI Lite | Autopay Available in 2 languages | Gift cards, Vouchers & more... App store ratings 52 Lakhs + 14% 4.5 Registered customers Quarterly Growth in User Base 4.8 Top plugin partners - Swiggy | Zerodha
Slide 50: YES Pay Biz: One Stop Solution for Merchants
YES Pay Biz One Stop Solution for Merchants ✓vESBANK Collect | Manage | Grow 390,000+ 2X 1800 Cr+ App Store Ratings- Registered Merchants QoQ Throughput Growth Monthly transactions value 4.3 On demand Instant Settlements | Multiple Collection Modes| Sub-User Management |Available in 6 languages 12:2
Slide 51: Powering Digital India with our Distinctive Capabilities
Powering Digital India with our Distinctive Capabilities ✓vESBANK #1 UPI Payee PSP Bank Powering ~ 351mn txn daily #2 UPI Payer PSP Bank Powering ~193 mn txn daily CAGR 64% (Q4FY22-Q3FY26) CAGR 40% (Q4FY22-Q3FY26) 57% 55% 55% 54% 39% 35% 33% 32% 40% 32% 38% 30% 34% 27% % Credit Cards Issued Digitall
Slide 52: API Banking Strategy: Enriched Customer Experience
API Banking Strategy : Enriched Customer Experience ✓vESBANK ► API’fication of our Marketplace model Sachetisation of Solutions across Industry Segments (YES BANK + Partner Offerings) □ YES Bank Services □ Partner Services Smart FinTechs Collections E-Invoicing Remittances Retailers Exchange Houses
Slide 53: Digitizing client journeys through Fintech partnerships
Digitizing client journeys & creating inorganic client ✓vESBANK acquisition funnel through Fintech partnerships Partnership roadmap of Digital & Transaction Banking Source Digital Onboard Digital Transact Digital Service Phygital Monitor Digital ▪ Digital Acquisition at ▪ Digital Client Onboarding ▪
Slide 54: Agency Business
Agency Business ✓vESBANK YES BANK is authorized as an Agency Bank to collect Central & State Tax Payments YES Tax Pay – An integrated collection suite enabling seamless tax payments across government tax portals. Key Features Central State Mandates Mandates Direct Integration for YES BANK Net Integr
Slide 55: Responsible franchise with sustainability at its core
Responsible franchise with sustainability at its core ✓vESBANK Robust ESG & Climate Governance Performance on ESG Ratings CSR & ESG Committee of Sustainability Council: Sustainable Finance (SF) Purpose-led Culture: the Board: Highest Executive committee that Unit: Implements Bank’s Domain-specific E
Slide 56: Robust Governance Structure - Board Members
Robust Governance Structure – Board Members ✓vESBANK Eminent and Experienced Board Rama Subramaniam Gandhi Atul Malik Sharad Sharma Rekha Murthy Nandita Gurjar Non-Executive, Part time Chairman, Independent Director Independent Director Independent Director Independent Director Independent Director
Slide 57: Professional and Seasoned Management team
Professional and Seasoned Management team ✓vESBANK Prashant Kumar Managing Director & CEO, YES Bank Niranjan Banodkar Dr. Rajan Pental Manish Jain Chief Financial Officer Executive Director Executive Director Archana Shiroor Dheeraj Sanghi Gaurav Goel Chief Human Resources Officer Country Head - Ret
Slide 58: Strong people focus: Stable leadership and up-skilling talent
Strong people focus: Stable leadership with focus on up-skilling talent, objective performance management & enabling employee flexibility • Executive Leadership Development Program: As part of our Executive Leadership Development ✓vESBANK framework, we launched a flagship learning initiative in part
Slide 59: Strong Investor base
Strong Investor base ✓vESBANK Well diversified Investor base: Shareholding Pattern as on December 31, 2025 Category % • SUMITOMO MITSUI BANKING CORPORATION FDI 33.4% • STATE BANK OF INDIA 24.9% Banks 13.3% • VERVENTA HOLDINGS LIMITED 1 Resident Individuals 28.6% • LIFE INSURANCE CORPORATION OF INDIA
Slide 60: Credit Rating
Credit Rating ✓vESBANK International Rating Long-term Outlook Short-term Key Elements Driving Rating Changes Moody's Investors Service Ba2 Stable Not Prime • Strategic Investment & Governance • Robust capitalization Domestic Rating Basel III Tier II & Infra Bonds (Long-term) Outlook Short-term • Imp
Slide 61: Thank You
✓vESBANK Thank You Disclaimer: No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of information or opinions contained herein. The information contained in this presentation is only current as of i