TrueCAGR
Yes Bank · Research view

Yes Bank Ltd.

NSE: YESBANKBSE: 532648ISIN INE528G01035Face value ₹2consolidated
₹20.70
−1.19% · 2026-10-01 · 52-wk ₹17–₹25
Financials to FY2026 · 8 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis

What stands out?

The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.

StrengthConcernWatchContext
StrengthTalking point

Asset quality at a multi-year best

Gross NPA of 1.3% is the lowest in 7 years, down from a peak of 16.8%.

Importance 54 / 95 · financial health

Concern

Less profitable than peers

ROE of 7.1% is below the private sector bank median of 11.4%.

Importance 50 / 95 · profitability

Context

Lower P/B than peers

Trades at 1.27× book — 31% below the private sector bank median of 1.83×.

Importance 47 / 95 · valuation

Section 03 · The company

Who is this company?

Classified by the exchange under Financial Services › Financial Services › Banks › Private Sector Bank.

Market cap
₹64,956 cr
FY2026 total income
₹37,293 cr
FY2026 net profit
₹3,512 cr
Net worth
₹51,163 cr
Advances
₹2,73,445 cr
EPS (basic)
₹1.12
Listed
NSE · BSE
Reporting
Banking (Sch. III)Apr–Mar

Peer set used on this page: 8 private sector bank.

Section 04 · Business performance

Is the business growing?

Total income & net profit — FY19 to FY26₹ crore · consolidated
₹'000 cr010203040024TOTAL INCOMENET PROFIT34k1,709FY1930k-16,433FY2023k-3,489FY2122k1,064FY2227k736FY2333k1,285FY2437k2,446FY2537k3,512FY26
Total incomeNet profit
Advances & deposits — FY19 to FY26₹ crore · consolidated
0k133k267k400k2.41L2.28LFY191.71L1.05LFY201.67L1.63LFY211.81L1.97LFY222.03L2.17LFY232.28L2.66LFY242.46L2.84LFY252.73L3.19LFY26
Advances (loans)Deposits

Total income and profit over the loaded history are shown above.

Advances growth per year
+1.8%over 7 years
Advances growth
+11.1%vs last year
Deposits growth
+12.1%vs last year
Net profit growth
+43.5%vs last year
Section 05 · Recent activity

What changed recently?

Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.

Strength

Q1 FY27 net profit was ₹1,072 cr, up 32.5% from ₹809 cr a year earlier.

Rule QTR_PROFIT_GROWTH_YOY

Strength

Q1 FY27 net profit grew 32.5% while total income grew 5.3% vs the same quarter last year — a gap of 27.3 percentage points.

Rule QTR_PROFIT_VS_REVENUE_GROWTH

Strength

Q1 FY27 total income of ₹9,925 cr is the highest of the 16 quarters on record for this company.

Rule QTR_REVENUE_AT_RECORD

A. Quarterly results

Latest quarters — Q2 '25 to Q1 '27₹ crore · consolidated
₹'000 cr035810012TOTAL INCOMENET PROFIT9k567Q2 '259k619Q3 '259k745Q4 '259k809Q1 '269k664Q2 '269k957Q3 '269k1,082Q4 '2610k1,072Q1 '27
Total incomeNet profit
QuarterTotal incomeYoYNet profitYoY
Q2 FY259,225—567—
Q3 FY259,416+14.2%619+155.3%
Q4 FY259,438+3.7%745+59.3%
Q1 FY269,429+4.8%809+56.7%
Q2 FY269,113−1.2%664+17.2%
Q3 FY269,272−1.5%957+54.4%
Q4 FY269,478+0.4%1,082+45.4%
Q1 FY279,925+5.3%1,072+32.5%

B. TTM snapshot

Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters

Total income
₹37,789 crTTM
PBT
₹4,870 crTTM
Net profit
₹3,775 crTTM

C. Corporate actions

3 Jun 2019DividendFinal Dividend - Rs. - 2.0000 — ₹2.00/share
4 Jun 2018DividendDividend - Rs. - 2.7000 — ₹2.70/share
21 Sept 2017Stock splitStock Split From Rs.10/- to Rs.2/- — 10:2
29 May 2017DividendDividend - Rs. - 12.0000 — ₹12.00/share
30 May 2016DividendFinal Dividend - Rs. - 10.0000 — ₹10.00/share
21 May 2015DividendFinal Dividend - Rs. - 9.0000 — ₹9.00/share
29 May 2014DividendFinal Dividend - Rs. - 8.0000 — ₹8.00/share
23 May 2013DividendFinal Dividend - Rs. - 6.0000 — ₹6.00/share
5 Jul 2012DividendFinal Dividend - Rs. - 4.0000 — ₹4.00/share
17 Jun 2011DividendFinal Dividend - Rs. - 2.5000 — ₹2.50/share
24 Jun 2010DividendDividend - Rs. - 1.5000 — ₹1.50/share
Section 06 · Business performance

Is it becoming more profitable?

Net interest margin & ROE — FY19 to FY26% · consolidated
0%1%2%3%4%-70%-48.8%-27.5%-6.3%15%2.2%FY19FY20FY21FY22FY23FY24FY25FY26
Net interest margin (left)Return on equity (right)
Concern

ROE of 7.1% is below the private sector bank median of 11.4%.

Rule ROE_BELOW_PEER_MEDIAN

NIM FY2026
2.18%
Cost-to-income
67.0%
ROE FY2026
7.1%
ROA FY2026
0.79%

ROE improved from 5.4% to 7.1% year on year.

Section 07 · Financial health

Is financial health improving?

Asset quality — gross & net NPA, FY19 to FY26% of advances · lower is better
0%1%2%3%4%5%6%7%8%9%10%11%12%13%14%15%16%17%1.3%0.2%FY19FY20FY21FY22FY23FY24FY25FY26
Gross NPA %Net NPA %
Strength

Gross NPA of 1.3% is the lowest in 7 years, down from a peak of 16.8%.

Rule BANK_ASSET_QUALITY_MULTIYEAR_BEST

Net worth — FY19 to FY26₹ crore · consolidated
₹'000 cr020406027kFY1922kFY2033kFY2134kFY2241kFY2342kFY2448kFY2551kFY26
Net worth (capital + reserves)
Gross NPA FY2026
1.30%
Net NPA
0.24%
Credit cost
0.35%of advances
Credit / deposit
86%
Section 08 · Relative position

How does it compare with peers?

Ranked against 8 private sector bank (FY2026, consolidated).

Return on equity

YESBANK · 6th of 8 · set median 11.4%

ICICIBANK15.3%HDFCBANK13.8%AXISBANK13.2%KOTAKBANK11.4%FEDERALBNK11.4%YESBANK7.1%IDFCFIRSTB3.8%INDUSINDBK1.4%

P/E ratio

YESBANK · 5th of 8 · set median 16.9×

AXISBANK13.6×HDFCBANK14.0×FEDERALBNK16.7×ICICIBANK16.7×YESBANK17.2×KOTAKBANK20.6×IDFCFIRSTB30.0×INDUSINDBK51.8×
Context

Trades at 1.27× book — 31% below the private sector bank median of 1.83×.

Rule PB_BELOW_PEERS

P / E
17.2×TTM to Jun 26
P / B
1.3×latest book
P / S
1.7×TTM sales
Earnings yield
5.8%TTM to Jun 26

On the trailing twelve months. Last full year: P/E 18.5× · P/S 1.7× · ROE 7.1%.

Section 09 · The stock

How has the stock performed?

Adjusted close — 2020-01 to 2026-10₹ per share · split / bonus adjusted
0k₹212020202120222023202420252026

Long-term price performance is shown above.

1-year return
−4.9%
3-year return
+20.0%
5-year return
+61.1%
From 52-wk high
−18.8%
Section 10 · Technical data

What does the technical data say?

Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.

vs 50-day avg
Below₹23
vs 200-day avg
Below₹22
RSI (14)
28.6oversold
MACD histogram
-0.3
From 52-wk high
−18.8%
From 52-wk low
+20.0%
30-day volatility
29.8%ann.
6-month return
+20.0%
RSI (14) · 0–10028.6 — oversold
0305070100OVERSOLDOVERBOUGHT28.6
Section 11 · Open questions

What should I investigate further?

Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.

  • Concern
    Less profitable than peers
    ROE of 7.1% is below the private sector bank median of 11.4%.
    ROE_BELOW_PEER_MEDIAN · conviction 50
  • Cash-flow-statement facts are unavailable for FY2019, FY2020 — those filings predate SEBI's Cash Flow Statement disclosure requirement. All other loaded years carry full P&L, balance sheet and cash-flow data.
Section 12 · Reference

The numbers

The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.

Income & balance sheet — ₹ crore, consolidated
MetricFY19FY20FY21FY22FY23FY24FY25FY26
Total income34,29929,59323,47522,42426,82732,96137,07637,293
Interest earned29,62426,05220,03919,01922,70227,60630,91930,208
Interest expended19,81119,25812,61112,52814,80019,52721,99820,450
Net interest income9,8136,7947,4286,4907,9028,0798,9209,758
Pre-provision operating profit8,1273,4654,9472,9143,2013,4244,3105,556
Provisions & contingencies5,77832,7189,7091,4802,2201,8871,086912
Profit before tax2,349−29,253−4,7621,4349811,5383,2244,643
Net profit1,709−16,433−3,4891,0647361,2852,4463,512
EPS (₹)7.4−56.1−1.60.40.30.50.81.1
Net worth26,88721,69533,13833,69940,71842,15547,83651,163
Total debt1,08,4241,13,79163,94972,34077,75480,50871,97165,451
Advances2,41,3971,71,4331,66,8051,80,9592,03,2372,27,7992,46,1202,73,445
Deposits2,27,5581,05,3111,62,8461,97,0632,17,3822,66,2302,84,4203,18,969
Borrowings1,08,4241,13,79163,94972,34077,75480,50871,97165,451
Investments89,32943,74843,11551,75476,74989,99784,72587,755
Gross NPAs7,88332,87828,61027,9764,3953,9833,9363,605
Net NPAs4,4858,6249,8138,2051,6581,330800653
Operating cash flow——50,12423,598−25,8169,6456,38621,217
Key ratios — consolidated
RatioFY19FY20FY21FY22FY23FY24FY25FY26
Growth
Advances growth YoY—-29.0-2.78.512.312.18.011.1
Deposits growth YoY—-53.754.621.010.322.56.812.1
Profit growth YoY—-1061.4——-30.874.790.443.5
Profitability
Net interest margin %2.62.12.82.22.32.12.12.2
Cost-to-income %43.966.554.570.673.474.571.467.0
Return on equity %6.4-67.6-12.73.22.03.15.47.1
Return on assets %0.4-5.1-1.30.40.20.30.60.8
Asset quality
Gross NPA %3.216.815.413.92.11.71.61.3
Net NPA %1.95.05.94.50.80.60.30.2
Credit cost %2.415.95.70.91.20.90.50.4
Credit / deposit %106.1162.8102.491.893.585.686.585.7
Financials: BSE Integrated Filing inline XBRL (SEBI taxonomy), normalised to standard metric keys. Prices: NSE end-of-day, raw OHLC preserved; a corporate-action factor produces the adjusted series. The insight engine writes factual observations from fixed rules — it does not make recommendations. Not investment advice.