Yes Bank Limited · NSE:YESBANK
Yes Bank — Q2 FY2026 Earnings Presentation
62 slides from Yes Bank's earnings presentation, Oct 18, 2025
Slide 1: Cover letter to stock exchanges
✓vESBANK YBL/CS/2025-26/133 October 18, 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: YE
Slide 2: Press release: Key Highlights Q2FY26
Oct 18, 2025 YES BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER ENDED SEP 30, 2025 r Key Highlights ▪ Q2FY26 PAT at INR 654 Crs, up 18.3% Y-o-Y; Normalized for tax refunds in Q2FY25, PAT up ~30% Y-o-Y • RoA at 0.6% v/s. 0.5% in Q2FY25 & 0.8% in Q1FY26 • NIM flat Q-o-Q at 2.5% and up 10bps Y-o-Y o
Slide 3: Financial Highlights
Financial Highlights Profit and Loss ▪ Q2FY26 NII at INR 2,301 Crs up 4.6% Y-o-Y ▪ NIM for Q2FY26 at 2.5% up 10bps Y-o-Y and flattish Q-o-Q, as reduction in balances of deposits made in lieu of PSL shortfall and deposit rate cuts/ repricing impact, largely offset the Asset repricing impact ▪ Non-Int
Slide 4: Asset Quality and Other Highlights
Asset Quality ▪ GNPA Ratio at 1.6% in Q2FY26 flat both Y-o-Y and Q-o-Q ▪ NNPA Ratio at 0.3% in Q2FY26 down 20 bps Y-o-Y and flat Q-o-Q ▪ PCR at 81.0% in Q2FY26 v/s 70.0% in Q2FY25 and 80.2% in Q1FY26 ▪ Gross Slippages for Q2FY26 at INR 1,248 Crs (2.0% of Advances) v/s. INR 1,458 Crs (2.4% of Advance
Slide 5: Financial Highlights from Q2FY26 Results
Financial Highlights from Q2FY26 Results Profit & Loss Statement Highlights (INR Crs) Q2FY26 Q1FY26 Growth % Q2FY25 Growth % Net Interest Income 2,301 2,371 -3.0% 2,200 4.6% Non-Interest Income 1,644 1,752 -6.2% 1,407 16.9% Total Net Income 3,945 4,124 -4.3% 3,607 9.4% Operating Profit/(Loss) 1,296
Slide 6: Investor Presentation Q2FY26 Financial Results
INVESTOR PRESENTATION Q2FY26 Financial Results October 18, 2025
Slide 7: Contents
✓vESBANK Contents .____L__ Financial _ Results _ _ _ _ _ _/ - Q2FY26 YES BANK Franchise 2
Slide 8: Results At a Glance – Q2FY26
Results At a Glance – Q2FY26 ✓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. 429,035 250,212 296,276 84.5% v/s. Banking (CIB) 24,507 48%:25%:27% 4.6% : Q-o-Q 3.8% : Q-o-Q 7.4% :
Slide 9: Highlights for Q2FY26 (1): Balance Sheet
Highlights for Q2FY26 (1) ✓vESBANK 1 Balance Sheet Highlights 2 ▪ Sustained momentum in Deposits; CASA growth continues to outperform Industry • Total Deposits at INR 2,96,276 Crs grew 6.9% Y-o-Y and 7.4% Q-o-Q • CASA Deposits at INR 99,708 Crs grew 12.5% Y-o-Y and 10.4% Q-o-Q; on AQB1 basis, CASA D
Slide 10: Highlights for Q2FY26 (2): P&L
Highlights for Q2FY26 (2) ✓vESBANK 1 P&L Highlights 2 ▪ Net Profit of INR 654 Crs for Q2FY26; up 18.3% Y-o-Y; normalized for Income tax refunds in Q2FY25, Profit growth at ~30% Y-o-Y • Q2FY26 RoA at 0.6% v/s. 0.5% in Q2FY25 • Q2FY26 Operating Profit at INR 1,296 Crs up by 32.9% Y-o-Y; Normalized for
Slide 11: Profit and Loss Statement
Profit and Loss Statement ✓vESBANK All amounts in INR Crs • Net Profit for Q2FY26 at INR 654 Crs up Quarter Ended Growth 18.3% Y-o-Y; normalized for Income tax Profit and Loss Statement Q2FY26 Q1FY26 Q2FY25 Q-o-Q Y-o-Y refunds in Q2FY25, Profit growth at ~30% Y- o-Y Net Interest Income 2,301 2,371 2
Slide 12: Break Up of Non-Interest Income
Break Up of Non-Interest Income ✓vESBANK All amounts in INR Crs • Non-Interest Income for Q2FY26 at INR 1 Quarter Ended Growth Break up of Non Interest Income 1,644 Crs, up 16.9% Y-o-Y Q2FY26 Q1FY26 Q2FY25 Q-o-Q Y-o-Y Non Interest Income 1,644 1,752 1,407 -6.2% 16.9% • Core Fees for Q2FY26 at INR 1,
Slide 13: Break up of Operating Expenses
Break up of Operating Expenses ✓vESBANK All amounts in INR Crs • Operating Costs for Q2FY26 at INR 2,649 Quarter Ended Growth Break up of Operating Expenses Crs up marginally 0.6% Y-o-Y and down 4.2% Q2FY26 Q1FY26 Q2FY25 Q-o-Q Y-o-Y Q-o-Q Manpower Cost 1,152 1,160 1,156 -0.6% -0.3% • C/I for Q2FY26
Slide 14: Provisions and P&L
Provisions and P&L ✓vESBANK All amounts in INR Crs • Total Provisions for Q2FY26 up 52.1% Y-o-Y & Quarter Ended Growth up 15.3% Q-o-Q Break up of Provisions Q2FY26 Q1FY26 Q2FY25 Q-o-Q Y-o-Y • Provision Costs (non-tax) at INR 419 Crs for Q2FY26 up 41.0% Y-o-Y Operating Profit/(Loss) 1,296 1,358 975 -
Slide 15: Balance Sheet
Balance Sheet ✓vESBANK All amounts in INR Crs • Balance Sheet expanded by 4.6% Q-o-Q driven by growth in Advances and Deposits and offset by 8.8% Q-o-Q reduction in Balance Sheet Assets I 30-Sep-25 429,035 I 30-Jun-25 410,248 I 30-Sep-24 418,092 I Q-o-Q % 4.6% I Y-o-Y % 2.6% balances of Deposits pla
Slide 16: Break up of Advances & Deposits
Break up of Advances & Deposits ✓vESBANK All amounts in INR Crs Advances • Segmental Break up of Advances2 I 30-Sep-25 I 30-Jun-25 I 30-Sep-24 I Q-o-Q % I Y-o-Y % Retail Banking Advances up 2.4% Y-o-Y Retail Banking3^ 120,802 118,981 117,934 1.5% 2.4% • Commercial Banking Advances up 16.5% Commercia
Slide 17: Break up of Investments
Break up of Investments ✓vESBANK All amounts in INR Crs • Total Net Investments at INR 83,204 Crs Investments Breakup • SLR – INR 71,596 Crs • Non SLR – INR 11,608 Crs • Standard Rated - INR 9,397 Crs: 99.9% Rated AA and above HTM 0.5% • Security Receipts- NIL AFS 5.8% • Others Standard 1- INR 2,211
Slide 18: NPA Highlights
NPA Highlights ✓vESBANK All amounts in INR Crs • GNPA Ratio at 1.6% in Q2FY26 flat both on Asset Quality Parameters 30-Sep-25 30-Jun-25 30-Sep-24 Q-o-Q and Y-o-Y basis Gross NPA (%) 1.6% 1.6% 1.6% Net NPA (%) 0.3% 0.3% 0.5% • NNPA Ratio at 0.3% in Q2FY26 flat Q-o-Q Provision Coverage Ratio excl. Tec
Slide 19: Summary of Labelled & Overdue Exposures
Summary of Labelled & Overdue Exposures ✓vESBANK All amounts in INR Crs • Sustained reduction in Standard 30-Sep-25 30-Jun-25 30-Sep-24 Particulars Restructured Advances Gross Provisions Gross Provisions Gross Provisions NPA 4,055 3,284 4,022 3,225 3,889 2,721 • Recovery and Repayments during Other
Slide 20: CET Ratio at 13.9%
CET 1 Ratio at 13.9%1 ✓vESBANK • 1 Bank’s Capital Adequacy Ratio 1 16.2% 16.1% 15.6% RWA to Total Assets at 71.7% vs. 1.7% 2.1% 2.9% □ CRAR 72.7% in Q1FY26 and 70.7% in ■ TIER II Q2FY25 13.9% 14.0% 13.2% ■ CET 1 DTA deduction from Capital - Y-o-Y INR 935 Crs. • 30-Sep-25 30-Jun-25 30-Sep-24 2 CET I
Slide 21: Contents
✓vESBANK Contents Financial Results - Q2FY26 _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 1,295 branches, 235 BCBOs and 1,316 ATMs (including CRMs and BNAs) in over 300 dis
Slide 23: Retail Bank
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 1,295 117,934 118,125 120,426 118,981 120,802 branches, 235 BC 73% of branches in banking outlets Top 200 deposit and 1,316 ATMs, cent
Slide 24: Retail Assets
Retail Assets: ✓vESBANK Focus on Profitability enhancement All amounts in INR Crs •1 Retail Banking asset disbursements1: Calibration in Product & Sourcing mix 9,088 9,506 •2 Diversified retail book2 ■ ■ Secure d B usi ness Loan s Home L oans 3% 8,047 7,989 8,004 ■ Per son al L oans 5% 6% ■ Comme rc
Slide 25: Micro Enterprise Banking
Micro Enterprise Banking Catering MSME Market Segment ✓vESBANK • 1 Steady Growth in Funded Book ■ Fund Book Y-o-Y growth: 12% • 4 ; Growth Avenues, Digitization & Product Innovation -------------- ' Statistical Model-Based Scoring implemented across I ~ - :I lending programs, enhancing agility in cr
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 1 984 1,072 • 2 Robust Farmer financing and Women Microfinance book ▪ ▪ High quality farmer financing book with NPA of ~2.9% Calibrated book growth & delin
Slide 27: Credit Cards
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 2,652 • 2 Key Initiatives Q2 FY 26 EMI Option on CC UPI Payments: • EMI functionality has been enabled for offline merchant transactions ■ Spends in Cr
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 1,200 1,150 - Retail Segment Slippages 1,179 1,174 % of Retail Advance
Slide 29: Branch Banking
Branch Banking: Expanding Footprint, Enhanced Digital Cross Sell & Growth in Granular Deposits ✓vESBANK All amounts in INR Crs •1 Branch Network ■ Branches ■ BCBO 2 Digital Journeys for seamless Customer Acquisition, Servicing & Cross sell Assisted Digital Onboarding • ~97% eligible SA accounts open
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: 18%CAGR (Q2FY24-Q2FY26) Deposits Outperformance in Branch Banking – even Branch led sourcing of Assets and d
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 YES BANK CASA Ratio Industry CASA Ratio ______ YBL CAGR 20
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 7.8% 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
Wholesale Banking ✓vESBANK Covering diverse Client Segments with deep Product Expertise CORPORATE & INSTITUTIONAL BANKING CLIENT SEGMENTS COMMERCIAL BANKING Large Multinational & New Government Financial Institutions Corporates Economy Corporates Banking Indian Scheduled Commercial & Cooperative Ban
Slide 34: Wholesale Banking Business (1)
Wholesale Banking Business (1) ✓vESBANK All amounts in INR Crs 1 Corporate & Institutional Banking 3 Providing tailored solutions to clients across business segments • ....a..- · - ---------- ■ Funded O/S ■ Non-Funded O/S 68,657 • Team of 182 Relationship Bankers in 9 cities 66,980 Large • Focus on
Slide 35: Wholesale Banking Business (2)
Wholesale Banking Business (2) ✓vESBANK Building sustainable Liability Book • Liquidity Mgmt. 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 & Ag
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 & R
Slide 38: Multinational and New Economy Corporates
Multinational and New Economy Corporates ✓vESBANK @ • Preferred bank for Unicorns, Soonicorns ® Marquee MNCs • Digital and Transaction Banking Solutions Unicorns/ Soonicorns • Superior digital and Transaction Banking offerings Locations covered • Supply Chain financing • 24x7 Transaction processing
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, Leverage anchor-led ecosystems - higher wallet share and Chemicals, Auto ancillary, (dealer / distributor financing) productivity Logistics, Metals Strong coverage – presence in 61 key locations ti I Laser Sharp
Slide 41: International Banking Unit - GIFT City
International Banking Unit - GIFT City ✓vESBANK 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
Slide 42: 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 43: Financial Markets
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 44: Knowledge Banking
Knowledge Banking Leveraging knowledge as a competitive differentiator to grow Banking Business ✓vESBANK 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 Ec
Slide 45: 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 46: IRIS
IRIS ✓vESBANK A Next Gen ‘all-in-one’ retail SUPER APP 150+ Features live on IRIS 49% 54% 71% ~ 70k App Ratings 42 Lakhs Registered customers Monthly Active Fresh Mutual Fund Credit card EMI Service Requests daily Customers bookings done conversions done processed via IRIS 4.6 6% ▲ ~9 logins per mon
Slide 47: IRIS Biz
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.. 3.50 Lakhs + Scan 92,500+ 1.12 Cr + 43,500 + 4300 + to Registered watch Active Customers Transaction
Slide 48: YES PAY NEXT
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 46 Lakhs + 16% 4.6 Registered customers Quarterly Growth in User Base 4.8 Top plugin partners - Swiggy | Zerodha
Slide 49: YES Pay Biz
YES Pay Biz One Stop Solution for Merchants ✓vESBANK Collect | Manage | Grow 190,000+ 1.2 X 900 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 ..
Slide 50: 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 66% (Q4FY22 Q2FY26) CAGR 38% (Q4FY22 Q2FY26) 55% 57% 55% 54% 39% 35% 33% 33% 40% 32% 32% 38% 30% 36% 34% 27% % Credit Cards Issued
Slide 51: YES Connect: Enriched Customer Experience
YES Connect : Enriched Customer Experience ✓vESBANK B2B Marketplace ► 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
Slide 52: Ecosystem Partners
Ecosystem Partners Digitizing client journeys & creating inorganic client acquisition funnel through ✓vESBANK Fintech partnerships Partnership roadmap of Digital & Transaction Banking Source Digital Onboard Digital Transact Digital Service Phygital Monitor Digital ▪ Digital Acquisition at ▪ Digital
Slide 53: 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 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. • Direct Integration for YES BANK Net Banking Central State YES Tax Pay Channels. (Reta
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
Strong people focus: Stable leadership with focus on up-skilling talent, objective performance management & enabling employee flexibility ✓vESBANK 0 0 • Art of Giving Feedback: A learning initiative across businesses / functions promoting a r-01 Leadership n • culture of constructive, growth-oriente
Slide 59: Strong Investor base
Strong Investor base ✓vESBANK Well diversified Investor base: Shareholding Pattern as on September 30, 2025 Category % ■ SUMITOMO MITSUI BANKING CORPORATION FDI 33.4% ■ STATE BANK OF INDIA 24.2% Banks 13.7% ■ VERVENTA HOLDINGS LIMITED Resident Individuals 29.8% ■ 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: SMBC Transaction Details
SMBC Transaction Details SMBC becomes the Largest Shareholder; SBI continues to remain a Major Shareholder ✓vESBANK SMBC is among the leading foreign banks in India and Sumitomo Mitsui Financial Group’s (“SMFG”) wholly owned subsidiary, SMFG India Credit Company, is among the largest diversified NBF
Slide 62: 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