Yes Bank Limited · NSE:YESBANK
Yes Bank — Q1 FY26 Earnings Presentation
62 slides from Yes Bank's earnings presentation, Jul 19, 2025
Slide 1: Cover letter to stock exchanges
YBL/CS/2025-26/70 July 19, 2025 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: YESBANK Dear Si
Slide 2: Press release: Key Highlights
July 19, 2025 YES BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2025 Key Highlights Q1FY26 PAT at INR 801 Crs up 59.4% Y-o-Y & 8.5% Q-o-Q - marked the 7th straight consecutive quarter of PAT improvement. For Q1FY26, • RoA at 0.8% v/s. 0.5% in Q1FY25 & 0.7% in Q4FY25 • NIM flat Q-
Slide 3: Financial Highlights
Financial Highlights Profit and Loss Q1FY26 NII at INR 2,371 Crs up 5.7% Y-o-Y and 4.2% Q-o-Q aided by reduction in Cost of Funds NIM for Q1FY26 at 2.5% trending upward Y-o-Y, supported by reduction in deposits made in lieu of PSL shortfall and SA rate cut reduction, partially offset by repricin
Slide 4: Asset Quality and Other Highlights
Asset Quality GNPA Ratio at 1.6% in Q1FY26 flat Q-o-Q and down 10 bps Y-o-Y NNPA Ratio at 0.3% in Q1FY26 flat Q-o-Q and down 20 bps Y-o-Y PCR at 80.2% in Q1FY26 v/s 79.7% in Q4FY25 and 67.6% in Q1FY25 Gross Slippages for Q1FY26 at INR 1,458 Crs (2.4% of Advances) v/s. INR 1,223 Crs (2.0% of
Slide 5: Financial Highlights from Q1FY26 Results
Financial Highlights from Q1FY26 Results Profit & Loss Statement Highlights (INR Crs) Q1FY26 Q4FY25 Growth % Q1FY25 Growth % Net Interest Income 2,371 2,276 4.2% 2,244 5.7% Non Interest Income 1,752 1,739 0.7% 1,199 46.1% Total Net Income 4,124 4,016 2.7% 3,443 19.8% Operating Profit/(Loss) 1,358 1,
Slide 6: Investor Presentation Q1FY26 Financial Results
INVESTOR PRESENTATION Q1FY26 Financial Results July 19, 2025
Slide 7: Contents
Contents Financial Results- Q1FY26 YES BANK Franchise 2
Slide 8: Results At a Glance – Q1FY26
Results At a Glance – Q1FY26 All figures in INR Crs Arrows indicative of Y-o-Y trends Total Assets Advances Deposits CD Ratio Advances Mix1 Disbursement2 Retail : Commercial: Corp. & Insti. 410,248 241,024 275,843 87.4% v/s. Banking (CIB) 18,812 49%:25%:26% (3.1%): Q-o-Q (2.1%) : Q-o-Q (3.1%) : Q-o-
Slide 9: Highlights for Q1FY26 (1)
Highlights for Q1FY26 (1) 1 Balance Sheet Highlights 2 ▪ Sustained traction in retail and branch led granular deposits; Retail & Branch Led Deposits momentum remains strong • EOP Total Deposits at INR 2,75,843 Crs grew 4.1% Y-o-Y; AQB1 Total Deposits grew 3.7% Y-o-Y • EOP CASA Deposits at INR 90,351
Slide 10: Highlights for Q1FY26 (2)
Highlights for Q1FY26 (2) 1 P&L Highlights 2 ▪ Highest Quarterly Net Profit since Reconstruction of INR 801 Crs for Q1FY26; up 59.4% Y-o-Y & 8.5% Q-o-Q • Q1FY26 RoA at 0.8% v/s. 0.5% in Q1FY25 & 0.7% in Q4FY25 • Q1FY26 Operating Profit at INR 1,358 Crs up by 53.4% Y-o-Y and 3.3% Q-o-Q ▪ Q1FY26 NIM u
Slide 11: Profit and Loss Statement
Profit and Loss Statement All figures in INR Crs • Net Profit for Q1FY26 at INR 801 Crs up Quarter Ended Growth 59.4% Y-o-Y & 8.5% Q-o-Q. Profit and Loss Statement Q1FY26 Q4FY25 Q1FY25 Q-o-Q Y-o-Y • Operating Profit for Q1FY26 at INR 1,358 Net Interest Income 2,371 2,276 2,244 4.2% 5.7% Crs up 53.4%
Slide 12: Break Up of Non-Interest Income
Break Up of Non-Interest Income All figures in INR Crs • Non-Interest Income for Q1FY26 at INR 1 Quarter Ended Growth 1,752 Crs, up 46.1% Y-o-Y driven primarily by Break up of Non Interest Income treasury gains Q1FY26 Q4FY25 Q1FY25 Q-o-Q Y-o-Y • Core Fees for Q1FY26 at INR 1,268 Crs, up Non Interest
Slide 13: Break up of Operating Expenses
Break up of Operating Expenses All figures in INR Crs • Operating Costs for Q1FY26 at INR 2,766 Quarter Ended Growth Crs up 8.1% Y-o-Y and up 2.4% Q-o-Q. Break up of Operating Expenses • Ex- PSLC Opex grew 5.7% Y-o-Y and 1.3% Q1FY26 Q4FY25 Q1FY25 Q-o-Q Y-o-Y Q-o-Q Manpower Cost 1,160 1,157 1,113 0.2
Slide 14: Provisions and P&L
Provisions and P&L All figures in INR Crs Quarter Ended Growth Break up of Provisions Quarter Ended Growth • Provisions for Q1FY26 up 45.5% Y-o-Y & Q1FY26 Q4FY25 Q1FY25 Q-o-Q Y-o-Y Break up of Provisions down 3.3% Q-o-Q. Operating Profit/(Loss) Q1FY26 1,358 Q4FY25 1,314 Q1FY25 885 Q-o-Q 3.3% Y-o-Y 5
Slide 15: Balance Sheet
Balance Sheet All figures in INR Crs • Balance Sheet contracted by 3.1% Q-o-Q Balance Sheet 30-Jun-25 31-Mar-25 30-Jun-24 Q-o-Q % Y-o-Y % driven by ~7% decline in high-cost borrowings and ~4.6% reduction in Assets 410,248 423,422 407,697 -3.1% 0.6% investments Advances 241,024 246,188 229,565 -2.1%
Slide 16: Segment Reclassification – Old v/s New
Segment Reclassification – Old v/s New Advances Business Segments – Up to Q4FY25 Change in Q1FY26 Advances Business Segments Q1FY26 & Onwards 1. RETAIL BANKING No Change 1. RETAIL BANKING - Retail Assets + Rural Banking Group, Credit Card + ISB - Retail Assets + Rural Banking Group, Credit Card + IS
Slide 17: Break up of Advances & Deposits
Break up of Advances & Deposits All figures in INR Crs Advances 2 Segmental Break up of Advances 30-Jun-25 31-Mar-25 30-Jun-24 Q-o-Q % Y-o-Y % • Retail Banking segment up 0.3% Y-0-Y of Retail Banking ^ 118,981 120,426 118,672 -1.2% 0.3% which Micro Enterprise Banking segment up 11.2% Y-o-Y Commercia
Slide 18: Break up of Investments
Break up of Investments All figures in INR Crs • Total Net Investments at INR 81,180 Crs Investments Breakup • SLR – INR 70,118 Crs • Non SLR – INR 11,061 Crs • Standard Rated - INR 8,894 Crs: HTM 0.6% 99.9% Rated AA and above • Security Receipts- NIL AFS 5.4% • Others Standard 1- INR 2,167 Crs SLR
Slide 19: NPA Highlights
NPA Highlights All figures in INR Crs • GNPA Ratio at 1.6% in Q1FY26 flat Q-o- Asset Quality Parameters 30-Jun-25 31-Mar-25 30-Jun-24 Q and down 10 bps Y-o-Y Gross NPA (%) 1.6% 1.6% 1.7% Net NPA (%) 0.3% 0.3% 0.5% • NNPA Ratio at 0.3% in Q1FY26 flat Q-o- Provision Coverage Ratio excl. Technical W/O
Slide 20: Summary of Labelled & Overdue Exposures
Summary of Labelled & Overdue Exposures All figures in INR Crs 30-Jun-25 31-Mar-25 30-Jun-24 • Recovery and Repayments during Particulars Q1FY26 from Standard Restructured Gross Provisions Gross Provisions Gross Provisions accounts amounted to INR 56 crs NPA 4,022 3,225 3,936 3,135 3,845 2,599 Other
Slide 21: CET 1 Ratio at 14.0%
CET 1 Ratio at 14.0%1 1 Bank’s Capital Adequacy Ratio 1 16.2% 15.6% 16.5% 2.1% 2.1% 3.2% RWA to Total Assets at 72.7% vs. CRAR 71.3% in Q4FY25 and 70.3% in TIER II Q1FY25 14.0% 13.5% 13.3% CET 1 DTA deduction from Capital - Y-o-Y INR 871 Crs. 30-Jun-25 31-Mar-25 30-Jun-24 2 CET I Q-o-Q Movement in Q
Slide 22: Contents
Contents Financial Results- Q1FY26 YES BANK Franchise 17
Slide 23: New Generation, Professionally Run Private Sector Bank with a Scalable Platform
New Generation, Professionally Run Private Sector Bank with a Scalable Platform • 6th Largest Private Sector 1, Universal Bank offering comprehensive suite of product and services via its pan India network of 1,253 branches, 235 BCBOs and 1,330 ATMs (including CRMs and BNAs) in over 300 districts of
Slide 24: Retail Bank
Retail Bank: Full spectrum retail bank growing with strong momentum All figures in INR Crs Growth calibration in Retail Advances 1 Pan-India presence via 1,253 118,672 117,934 118,125 120,426 118,982 branches, 235 BC 72% of branches in banking outlets Top 200 deposit and 1,330 ATMs, centers Q1FY25 Q
Slide 25: Retail Assets
Retail Assets: Focus on Profitability enhancement All figures in INR Crs 1 Retail Banking asset disbursements1: Calibration in Product & Sourcing mix 2 Diversified retail book2 Secured Business Loans 9,088 Home Loans 3% 8,047 7,989 8,004 6% 7,517 Personal Loans 6% Commercial Vehicle Loans 6% 17% 2%
Slide 26: Rural Assets
Rural Assets Deepening the penetration in emerging rural markets & generating Agri PSL All figures in INR Crs 1 Business originations 1 2 Robust Farmer financing and Women Microfinance book 984 ▪ High quality farmer financing book with NPA of ~2% 963 947 929 ▪ Calibrated book growth & delinquency ma
Slide 27: Credit Cards
Credit Cards: Strong business growth and enhanced customer experience 1 Sustained Strong Growth in Cards, Book Size & Card Spends 2 Key Initiatives FY 25 No of Cards In (‘000s) Experience Layer: Book Size in Cr 2,784 Spends in Cr • A new technology layer focused on customer experience has been 2,217
Slide 28: Micro Enterprise Banking
Micro Enterprise Banking Catering MSME Market Segment 1 Steady Growth in Funded Book 4 Growth Avenues, Digitization & Product Innovation Fund Book YoY growth: 11% Driving Adoption of Digital Lending Platform (DLP), a digital assisted platform integrated to Loan Origination System. 18,877 18,831 DLP
Slide 29: Branch Banking
Branch Banking: Expanding Footprint, Enhanced Digital Cross Sell & Growth in Granular Deposits All figures in INR Crs 1 Branch Network 2 Digital Journeys for seamless Customer Acquisition, Servicing & Cross sell Branches BCBO Assisted Digital Onboarding 1,488 • ~96% Individual SA accounts opened dig
Slide 30: Maximizing Branch Distribution as Fulcrum of Business
Maximizing Branch Distribution as Fulcrum of Business Leveraging existing (and growing) network to offer full spectrum of products All figures in INR Crs Branch Banking led Deposits: 20.8%CAGR (Q1FY24-Q1FY26) Deposits Outperformance in Branch Banking – even Branch led sourcing of Assets and distribu
Slide 31: Deposits Metrics consistently outperforming Industry
Deposits Metrics consistently outperforming Industry All figures in INR Crs Deposits traction : consistent outperformance to Industry Outperformance even more significant in CASA Deposits Uptick in CASA ratio amidst strong headwinds in Industry YES BANK CASA Ratio Industry CASA Ratio YBL CAGR 12.1%
Slide 32: Wholesale Banking
Wholesale Banking Covering diverse Client Segments with deep Product Expertise CORPORATE & INSTITUTIONAL BANKING CLIENT SEGMENTS COMMERCIAL BANKING Large Multinational & New Government Financial Institutions Corporates Economy Companies Banking Indian Scheduled Commercial & Cooperative Banks, Intern
Slide 33: Corporate & Institutional Banking
Wholesale Banking Business (1) All figures in INR Crs 1 Corporate & Institutional Banking 3 Providing tailored solutions to clients across business segments Funded O/S Non-Funded O/S • Team of 182 Relationship Bankers in 9 cities Large • Focus on providing wide suite of banking products to develop a
Slide 34: Wholesale Banking Business (2)
Wholesale Banking Business (2) Building sustainable Liability Book • Alignment with Govt strategy & fund flow to focus on implementing agencies • Liquidity Mgmt. for Large and Mid-Corporates • Local Bodies, Development Authorities, Smart • Exporter Accounts Cities & Agricultural Bodies Government Co
Slide 35: Large Corporates
Large Corporates Focus Sectors Pan India Presence Products • Presence in 9 major locations • Working capital Finance, Project Finance, • Chemicals • Metals & Mining Supply Chain Finance, FX and Derivatives • Infra - Road & Port • Logistics & Warehousing • Delhi • Bengaluru • Electronics & Electrical
Slide 36: Financial Institutions
Financial Institutions Non Banking Financial Company Domestic Banks & DFIs • 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 & Refinance
Slide 37: Multinationals and New Economy Business
Multinationals and New Economy Business • Preferred bank for Unicorns, Soonicorns • Superior digital and Transaction Banking Unicorns/ offerings • Digital and Transaction Banking Marquee MNCs Soonicorns Solutions Location covered in Tier I & Tier II • Supply Chain financing • 24x7 Transaction proces
Slide 38: Government Banking
Government Banking Partnering Government for settlement & disbursement Competitive First mover in Key Growth Sectors - Smart Cities, Defense OFB, • Central Ministries Advantage Ports • State Governments - Government Fund Flow Management • Local Governments – Urban Local Bodies, Districts & Panchayat
Slide 39: Commercial Banking
Commercial Banking Growth led by NTB and X-sell Knowledge Sectors – Pharma, Leverage anchor-led ecosystems - higher wallet share and Chemicals, Auto ancillary, (dealer / distributor financing) productivity Logistics, Metals Digital interface specifically Strong coverage – presence Laser Sharp focus
Slide 40: IFSC Banking Unit - GIFT City
IFSC Banking Unit - GIFT City GIFT, Gandhinagar, Gujarat is the only International Financial Services Centre in India. One of the key strategic focus areas for the Government and recognized as the gateway for financial and investment activities helping onshoring the offshore funds YES Bank was the F
Slide 41: Project Finance & Loan Syndication
Project Finance & Loan Syndication 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 Identification Bespoke So
Slide 42: Financial Markets
Financial Markets Customised solutions for clients >15 yrs Remittances 39% Dedicated experienced product sales managers YesFX Currency providing structured hedging solutions Exotics Notes 5-15 yrs Imports Full Yes FxOnline 47% Pan India Presence through sales centres FX Sales Product Suite FX and <5
Slide 43: Knowledge Banking
Knowledge Banking Leveraging knowledge as a competitive differentiator to grow Banking Business Business Economics Banking (BEB), Food & Agri Strategic Advisory & Research (FASAR), Corporate & Government Advisory (CGA) • A team of specialists with deep sectoral knowledge and expertise in Economy, Fo
Slide 44: Digital @ Banking
Digital @ Banking 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 in 3 ‘Del
Slide 45: IRIS
IRIS A Next Gen ‘all-in-one’ retail SUPER APP 150+ Features live on IRIS 50% 47% 70% ~ 50k App Ratings 40 Lakhs Registered customers Monthly Active Credit Card based Credit card EMI Service Requests daily Customers loans (QL) sourced conversions done processed via IRIS 4.3 6% ▲ ~9 logins per month 5
Slide 46: IRIS Biz
IRIS Biz 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.. 3 Lakhs + Scan 76,800+ 74 Lakhs + 25,500 + 2600 + to Registered watch Active Customers Transactions Tax Bill
Slide 47: YES PAY NEXT
YES PAY NEXT A Next Gen ‘UPI’ Payment App UPI Payments | Bill Payment & Recharge | UPI Lite | Autopay Available in 2 languages | Gift cards, Vouchers & more... 35% App store ratings 40 Lakhs + 38% 4.6 Quarterly Growth in transacting Registered customers Quarterly Growth in User Base users 4.8 Top pl
Slide 48: YES Pay Biz
YES Pay Biz One Stop Solution for Merchants Collect | Manage | Grow 1.28 Lakhs App Store Ratings- 150,000+ 1.5 X Monthly transactions valuing INR Registered Merchants QoQ Throughput Growth 4.6 793 Crores On demand Instant Settlements | Multiple Collection Modes| Sub-User Management |Available in 6 l
Slide 49: Powering Digital India with our Distinctive Capabilities
Powering Digital India with our Distinctive Capabilities #1 UPI Payee PSP Bank Powering ~ 390mn txn daily #2 UPI Payer PSP Bank Powering ~201 mn txn daily CAGR 43% (Q4FY22 Q1FY26) CAGR 77.8%(Q4FY22-Q1FY26) 39% 56% 55% 54% 57% 55% 35% 35% 33% 35% 32% 32% 33% 30% 29% 40% 38% 27% 37% 36% 34% 34% % Cred
Slide 50: YES Connect: Enriched Customer Experience
YES Connect : Enriched Customer Experience B2B Marketplace API’fication of our Marketplace model Sachetization of Solutions across Industry Segments (YES Bank + Partner Offerings) YES Bank Services Partner Services Smart FinTechs Collections E-Invoicing Remittances Retailers Exchange Houses Cardless
Slide 51: Ecosystem Partners
Ecosystem Partners Digitizing client journeys & creating inorganic client 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 On
Slide 52: Transaction Banking
Transaction Banking Leveraging the strength of solutioning, leading to granular CASA, LC, Guarantees, FX Sachetization of Transaction Banking: Curated Solutioning by Client Segments STRENGTHENING FRANCHISE Market Leadership – YBL Large Corporates FinTech & processes 1 in 3 Digital Payment B2C Exchan
Slide 53: Agency Business
Agency Business 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. • Direct Integration for YES Bank Net Banking Central YES Tax Pay Channels.(Retail and Corporate
Slide 54: Responsible franchise with sustainability at its core
Responsible franchise with sustainability at its core MSCI S&P Global CDP FTSE4Good Highest rated Indian Index Constituent of ESG Score Included in MSCI ACWI’s Low Highest Score amongst Bank for climate Carbon Leaders Index, FTSE4Good Index disclosures 2024 – Indian banks in the Series for the third
Slide 55: Integrating ESG considerations across the Bank's business and operations
Integrating ESG considerations across the Bank’s business and operations Environment Social Governance Environmental Management: First Bank 23.17%* proportion of women in the Bank’s 54% of the Directors on the Bank’s globally with 1,186, ISO 14001:2015 workforce in FY 2024-25 Board are Independent D
Slide 56: Robust Governance Structure – Board Members
Robust Governance Structure – Board Members 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 Sanjay Ku
Slide 57: Professional and Seasoned Management team
Professional and Seasoned Management team 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 - Retail Liabi
Slide 58: Strong people focus
Strong people focus: Stable leadership with focus on up-skilling talent, objective performance management & enabling employee flexibility • Senior Management employees have an average vintage of over 9 years in the Bank combined with onboarding top talent from the industry. • Leading through Change:
Slide 59: Strong Investor base
Strong Investor base Well diversified Investor base: Shareholding Pattern as on June 30, 2025 Category % STATE BANK OF INDIA VERVENTA HOLDINGS LIMITED Banks 33.7% 24.0% CA BASQUE INVESTMENTS FDI 13.4% 1 LIFE INSURANCE CORPORATION OF INDIA Resident Individuals 30.2% 51.3% HDFC BANK LIMITED FPI’s 11.2
Slide 60: Credit Rating
Credit Rating Moody’s Upgrades issuer rating to Ba2 ICRA Downgrades INDIA Ratings Upgrades CARE Upgrades: from Ba3 with a Basel II Upper Tier II to D from BB BASEL III Tier II to BBB- from BASEL III Tier II to BBB from C Stable outlook B+ BASEL II Upper Tier II to BB+ from D CARE Upgrades INDIA Rati
Slide 61: SMBC Transaction Details
SMBC Transaction Details SMBC to become the Largest Shareholder; SBI to remain a Major Shareholder SBI and Other Investor Banks1 had invested as part of the YES Bank Reconstruction Scheme in March 2020 SBI had ~24% and Other Investor Banks1 cumulatively had 9.7% equity stake in the Bank2 SMBC to acq
Slide 62: Thank You
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 its date.