# Yes Bank (YESBANK) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/yesbank

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹17.2
- Change: +5.91%
- As of: 2026-11-06
- 1D return: +5.91%
- 5D return: +13.53%
- 1M return: -15.89%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

YESBANK closed at ₹17.20 on 2026-11-06, marking a sharp +5.9% daily gain accompanied by high volume (3.17x ratio) and an upward gap from the previous close of ₹16.24. This move follows a significant monthly 'Inside Bar' formation, suggesting a potential breakout from consolidation. However, the technical picture is mixed across timeframes: while the daily Supertrend is bullish and price sits above the 20-period EMA/SMA, it remains below key longer-term averages (50-day EMA/SMA, 200-day SMA) and the weekly/monthly Supertrends are bearish. The stock trades in the lower-middle of its 20-day range (+33.3%) but near the bottom of its 252-day range (+19.7%), with a current drawdown of -32.5%. Immediate resistance lies just above at ₹17.20–₹17.55, while support is anchored at ₹16.83. A daily close above ₹17.55 would signal stronger momentum, whereas failure to hold above recent highs could see a retest of ₹16.53.

- Price Action: Closed at ₹17.20 (+5.9%) with high volume; active monthly Inside Bar suggests pending directional move.
- Trend Conflict: Daily trend is short-term bullish (above 20-EMA/Supertrend), but weekly and monthly trends remain bearish (below all major MAs/Supertrends).
- Key Levels: Resistance at ₹17.20–₹17.55; Support at ₹16.83 and ₹16.53.
- Risk Profile: High volatility (ATR 4.07%, Annualized Vol 32.5%); Current Drawdown -32.5%; ADX indicates strong trend strength on daily (50.21) and monthly (41.29) charts.

- Inside Bar
- Bullish Engulfing Reversal
- Outside Bar
- Evening Star
- Harami

### News Context

In the seven-day window ending November 5, 2026, YES Bank faced intensifying pressure from AT-1 bondholders and regulators regarding the restoration of ₹8,415 crore in written-off Additional Tier-1 bonds. The Yes Bank AT-1 Bond Holders Association demanded a time-bound restoration plan and clarity on unpaid coupons, while Axis Trustee Services threatened contempt proceedings against the bank’s directors and officers for alleged wilful disobedience of a Supreme Court judgment that quashed the write-offs. The bank rejected these charges. Concurrently, JPMorgan cut its price target by 38% to ₹13.10, citing the adverse court ruling and potential capital strain from revived coupon payments, while significantly reducing earnings estimates for FY27 through FY29 due to structural weaknesses like subdued return on equity. Mirae Asset Sharekhan provided technical trading outlooks ahead of the November 2 session, noting broader market sentiment influenced by banking interest rate expectations.

- Axis Trustee Services warned of contempt action if ₹8,415 crore in AT-1 bonds are not reinstated within three days, following a Supreme Court judgment upholding the order to quash the write-offs; YES Bank has rejected allegations of wilful disobedience.
- The Yes Bank AT-1 Bond Holders Association is pressuring the lender for a time-bound restoration plan and clarity on unpaid coupons, questioning the distribution of these bonds to individual investors.
- JPMorgan reduced its price target to ₹13.10 (a 38% cut) and lowered earnings estimates for FY27–FY29, citing capital strain risks from revived coupon payments and limited valuation re-rating potential due to subdued return on equity.
- Mirae Asset Sharekhan highlighted technical levels and ratings for YES Bank on November 2, amidst broader market sentiment driven by banking interest rate expectations.

- [YES Bank Share Price Today, YES Bank Stock Price Live NSE/BSE Updates | The Economic Times](https://economictimes.indiatimes.com/yes-bank-ltd/stocks/companyid-16552.cms)
- [Yes Bank bondholders step up pressure for restoration of ₹8,415 crore AT1 bonds | Company Business News](https://www.livemint.com/companies/news/yes-bank-bondholders-step-up-pressure-for-restoration-of-8-415-crore-at1-bonds-11793700909840.html)
- [YES Bank: 38% price target cut by JPMorgan, what else brokerage says](https://www.businesstoday.in/markets/stocks/story/yes-bank-price-target-cut-by-jpmorgan-what-else-brokerage-says-565277-2026-11-03)
- [YES Bank, SAIL, Mphasis: Top stocks to trade — Check key levels, targets & stop loss](https://www.businesstoday.in/markets/trending-stocks/story/yes-bank-sail-mphasis-top-stocks-to-trade-check-key-levels-targets-stop-loss-565018-2026-11-02)
- [Yes Bank rejects wilful disobedience charge as AT-1 bond trustee warns contempt action](https://www.moneycontrol.com/banking/yes-bank-rejects-wilful-disobedience-charge-as-at-1-bond-trustee-warns-contempt-action-article-14065498.html)

### What Changed

As of 6 November 2026, Yes Bank (NSE: YESBANK) has recorded a price increase to ₹17.20, up from the previous close of ₹16.24. This movement represents a positive shift in the stock's trading level over the reported period. No new corporate filings or news developments have been identified that would alter the fundamental context of the company beyond this price action.

- Price Update: The share price closed at ₹17.20 on 6 November 2026, reflecting an increase from the prior level of ₹16.24.
- Market Context: The stock continues to trade on the National Stock Exchange (NSE) under the symbol YESBANK.

### Official Filings

Yes Bank’s disclosures in early November 2026 highlight two distinct developments: routine capital adjustments from employee stock plans and a significant legal dispute regarding Additional Tier-1 (AT-1) bonds. On November 5, the bank allotted 281,875 equity shares following ESOP exercises, raising ₹1.6 million and increasing paid-up capital to ₹62,781.5 million. This follows a similar allotment on October 24 involving 704,418 shares and ₹6.3 million raised. These transactions are standard compensation mechanisms that slightly dilute existing shareholdings but do not alter the bank's core operational status.

More critically, on October 30, Yes Bank disclosed a demand from Axis Trustee Services Limited for the reinstatement of AT-1 Bonds and associated corporate actions within three days. The trustee cited non-compliance with a Supreme Court judgment dated October 15, 2026, and threatened contempt proceedings for wilful disobedience. Yes Bank acknowledged the judgment but rejected the characterization of its conduct as wilful, stating it is examining legal remedies. This indicates an active regulatory and legal standoff concerning bondholder obligations. Additionally, the bank has scheduled investor meetings for mid-November at Avendus Spark INDX, JM Financial India Xchange, and Kotak Midcap conferences, confirming no unpublished price-sensitive information will be shared during these engagements.

- Legal Dispute on AT-1 Bonds: Axis Trustee Services demanded reinstatement of AT-1 Bond actions within three days by October 31, 2026, citing non-compliance with a Supreme Court judgment dated October 15, 2026, and threatening contempt proceedings; Yes Bank is evaluating legal remedies.
- ESOP Allotments: Paid-up share capital increased to ₹62,781,500,496 (31,390,750,248 shares) after allotting 281,875 shares on November 5, 2026, following the exercise of options under YBL ESOS 2020 and RSU Plan 2024, which raised ₹1,609,875.
- Investor Engagement Schedule: Yes Bank will participate in physical group and one-on-one meetings at the Avendus Spark INDX (Nov 16–18), JM Financial India Xchange (Nov 16–18), and Kotak Midcap Conference (Nov 26–27) in Mumbai, with no unpublished price-sensitive information proposed for disclosure.

- [Yes Bank Limited has informed the Exchange regarding Intimation of allotment of equity shares pursuant to exercise of stock options under YBL ESOS 2020 Scheme and YBL RSU Plan 2024 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/YESBANK_05112026172512_YBL_Stock_Exchange_Intimation_ESOP_Allotment_Nov_2026_Signed.pdf)
- [YES Bank Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2304_WebXMLFile_20261105_174127094.xml)
- [Disclosure Update regarding judgment of the Hon ble Supreme Court of India in relation to Additional Tier-1 Bonds |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/YESBANK_30102026212559_YBL_Stock_Exchange_Intimation_ATI_Judgement_30102026_Signed.pdf)
- [Schedule of Analyst/ Institutional Investors Meet(s) / Call(s) / VC(s) Avendus Spark INDX 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/YESBANK_29102026113245_YBL_SE_Intimation_Analyst_Meet_Advance_Intimation_Avendus.pdf)
- [Schedule of Analyst/ Institutional Investors Meet(s) / Call(s) / VC(s) JM Financial - India Xchange 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/YESBANK_29102026113638_YBL_SE_Intimation_Analyst_Meet_Advance_Intimation_JM_financial.pdf)
- [Schedule of Analyst/ Institutional Investors Meet(s) / Call(s) / VC(s) Kotak Midcap Conference 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/YESBANK_29102026114141_YBL_SE_Intimation_Analyst_Meet_Advance_Intimation_Kotak_Midcap.pdf)
- [YES Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2304_WebXMLFile_20261029_115214812.xml)
- [YES Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2304_WebXMLFile_20261029_115659330.xml)
- [YES Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2304_WebXMLFile_20261029_115844850.xml)
- [Yes Bank Limited has informed the Exchange regarding Intimation of allotment of equity shares pursuant to exercise of stock options under YBL ESOS 2020 Scheme and YBL RSU Plan 2024 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/YESBANK_24102026164431_YBL_Stock_Exchange_Intimation_ESOP_Allotment_Oct_2026_Signed.pdf)

### Fundamentals

Yes Bank’s financial trajectory in FY2026-27 is defined by robust balance-sheet expansion and improving profitability, though operational margins face pressure. Total assets grew to ₹5,14,956 crore as of September 2026, driven by a 19% rise in deposits (₹3,54,004 crore) and a 24% increase in advances (₹3,09,510 crore). This lending growth supported net profit, which rose 63% year-on-year to ₹3,512 crore for the full year ending March 2026, with TTM net profit reaching ₹4,195 crore.

Earnings quality shows mixed signals. While Return on Equity improved to 7% in March 2026 from 3% in March 2024, financing margins remain negative at -6% for the TTM period, indicating that interest costs are outpacing interest income. Operating profit declined sequentially from ₹1,706 crore in Q1 to ₹1,683 crore in Q2 FY2026-27, despite revenue growth. Furthermore, Non-Performing Assets (NPAs) increased from ₹677 crore to ₹757 crore in the same quarterly window, suggesting rising credit stress alongside aggressive loan book expansion.

- Balance Sheet Expansion: Assets reached ₹5,14,956 crore as of Sep 2026, fueled by a 19% YoY rise in deposits to ₹3,54,004 crore and advances growing to ₹3,09,510 crore.
- Earnings Growth vs Margin Pressure: Net profit surged 63% YoY to ₹3,512 crore (Mar 2026), but financing margins remain negative (-6% TTM) and operating profit dipped sequentially in Q2 FY2026-27.
- Credit Quality Watch: NPAs increased to ₹757 crore in Q2 FY2026-27, up from ₹677 crore in Q1, while ROE improved to 7%.

### Bear Case

Yes Bank faces significant headwinds from regulatory litigation and deteriorating technical momentum. The Supreme Court’s adverse judgment on Additional Tier-1 (AT-1) bond write-offs has triggered immediate capital strain risks, with the AT1 Bond Holders Association demanding the restoration of ₹8,415 crore in written-off bonds. Axis Trustee Services has threatened contempt proceedings for non-compliance, while JPMorgan cut its price target by 38% to ₹13.10, citing potential earnings pressure from revived coupon payments and subdued return on equity. Market performance reflects this caution: the stock is down 24.0% over one year and 20.0% year-to-date as of November 6, 2026, trading at ₹17.20. Technical indicators show a bearish monthly and weekly trend, with an annualized volatility of 32.5% and a maximum drawdown of -40.5%, suggesting elevated risk and limited near-term valuation re-rating potential.

- Regulatory Litigation & Capital Strain: Supreme Court judgment upholds quashing of AT-1 bond write-offs; trustee demands restoration of ₹8,415 crore within three days or face contempt action.
- Analyst Downgrade: JPMorgan reduced price target by 38% to ₹13.10, warning that structural weaknesses and transition to new provisioning norms limit valuation upside despite profit growth.
- Deteriorating Price Action: Stock closed at ₹17.20 on Nov 6, 2026, with YTD return of -20.0% and 1-year return of -24.0%; monthly and weekly trends are bearish.
- High Volatility & Drawdown: Annualized volatility stands at +32.5% with a current drawdown of -32.5% and maximum historical drawdown of -40.5%, indicating significant downside risk.

- [YES Bank Share Price Today, YES Bank Stock Price Live NSE/BSE Updates | The Economic Times](https://economictimes.indiatimes.com/yes-bank-ltd/stocks/companyid-16552.cms)
- [Yes Bank bondholders step up pressure for restoration of ₹8,415 crore AT1 bonds | Company Business News](https://www.livemint.com/companies/news/yes-bank-bondholders-step-up-pressure-for-restoration-of-8-415-crore-at1-bonds-11793700909840.html)
- [YES Bank: 38% price target cut by JPMorgan, what else brokerage says](https://www.businesstoday.in/markets/stocks/story/yes-bank-price-target-cut-by-jpmorgan-what-else-brokerage-says-565277-2026-11-03)
- [YES Bank, SAIL, Mphasis: Top stocks to trade — Check key levels, targets & stop loss](https://www.businesstoday.in/markets/trending-stocks/story/yes-bank-sail-mphasis-top-stocks-to-trade-check-key-levels-targets-stop-loss-565018-2026-11-02)
- [Yes Bank rejects wilful disobedience charge as AT-1 bond trustee warns contempt action](https://www.moneycontrol.com/banking/yes-bank-rejects-wilful-disobedience-charge-as-at-1-bond-trustee-warns-contempt-action-article-14065498.html)
- [Yes Bank Limited has informed the Exchange regarding Intimation of allotment of equity shares pursuant to exercise of stock options under YBL ESOS 2020 Scheme and YBL RSU Plan 2024 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/YESBANK_05112026172512_YBL_Stock_Exchange_Intimation_ESOP_Allotment_Nov_2026_Signed.pdf)
- [YES Bank Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2304_WebXMLFile_20261105_174127094.xml)
- [Disclosure Update regarding judgment of the Hon ble Supreme Court of India in relation to Additional Tier-1 Bonds |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/YESBANK_30102026212559_YBL_Stock_Exchange_Intimation_ATI_Judgement_30102026_Signed.pdf)
- [Schedule of Analyst/ Institutional Investors Meet(s) / Call(s) / VC(s) Avendus Spark INDX 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/YESBANK_29102026113245_YBL_SE_Intimation_Analyst_Meet_Advance_Intimation_Avendus.pdf)
- [Schedule of Analyst/ Institutional Investors Meet(s) / Call(s) / VC(s) JM Financial - India Xchange 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/YESBANK_29102026113638_YBL_SE_Intimation_Analyst_Meet_Advance_Intimation_JM_financial.pdf)

### FAQs

**What is the current status of the AT-1 bond dispute and its potential financial impact?**

Yes Bank rejected allegations of wilful disobedience regarding the restoration of ₹8,415 crore in Additional Tier-1 (AT-1) bonds. The debenture trustee, Axis Trustee Services, threatened contempt proceedings if reinstatement occurs within three days of their October 28 demand, citing non-compliance with a Supreme Court judgment dated October 15, 2026. JPMorgan cut its price target by 38% to ₹13.10, warning that revived coupon payments could strain capital.

**How has Yes Bank's share price performed recently, and what are the key technical levels?**

As of November 6, 2026, Yes Bank closed at ₹17.20, up +5.9% over one day but down -24.0% over one year. The stock faces resistance at ₹17.55 (+2.04%) and support near ₹16.83 (-2.17%). Technical indicators show a daily Supertrend direction of bullish, while weekly and monthly trends remain bearish. Annualized volatility stands at +32.5%, with a maximum drawdown of -40.5%.

**Did Yes Bank make any changes to its equity capital structure recently?**

On November 5, 2026, Yes Bank allotted 281,875 equity shares following the exercise of stock options under the YBL ESOS 2020 Scheme and YBL RSU Plan 2024. The bank realized ₹1,609,875 from this exercise. Consequently, paid-up share capital increased from ₹62,780,936,746 to ₹62,781,500,496, with the total number of shares rising from 31,390,468,373 to 31,390,750,248.

**When can investors expect further updates or management commentary on these issues?**

Yes Bank is scheduled to participate in two investor conferences: Avendus Spark INDX 2026 and JM Financial India Xchange 2026, both held in Mumbai from November 16 to November 18, 2026. The company stated that no unpublished price-sensitive information will be shared during these physical group and one-on-one meetings.

- [YES Bank Share Price Today, YES Bank Stock Price Live NSE/BSE Updates | The Economic Times](https://economictimes.indiatimes.com/yes-bank-ltd/stocks/companyid-16552.cms)
- [Yes Bank bondholders step up pressure for restoration of ₹8,415 crore AT1 bonds | Company Business News](https://www.livemint.com/companies/news/yes-bank-bondholders-step-up-pressure-for-restoration-of-8-415-crore-at1-bonds-11793700909840.html)
- [YES Bank: 38% price target cut by JPMorgan, what else brokerage says](https://www.businesstoday.in/markets/stocks/story/yes-bank-price-target-cut-by-jpmorgan-what-else-brokerage-says-565277-2026-11-03)
- [YES Bank, SAIL, Mphasis: Top stocks to trade — Check key levels, targets & stop loss](https://www.businesstoday.in/markets/trending-stocks/story/yes-bank-sail-mphasis-top-stocks-to-trade-check-key-levels-targets-stop-loss-565018-2026-11-02)
- [Yes Bank rejects wilful disobedience charge as AT-1 bond trustee warns contempt action](https://www.moneycontrol.com/banking/yes-bank-rejects-wilful-disobedience-charge-as-at-1-bond-trustee-warns-contempt-action-article-14065498.html)
- [Yes Bank Limited has informed the Exchange regarding Intimation of allotment of equity shares pursuant to exercise of stock options under YBL ESOS 2020 Scheme and YBL RSU Plan 2024 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/YESBANK_05112026172512_YBL_Stock_Exchange_Intimation_ESOP_Allotment_Nov_2026_Signed.pdf)
- [YES Bank Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2304_WebXMLFile_20261105_174127094.xml)
- [Disclosure Update regarding judgment of the Hon ble Supreme Court of India in relation to Additional Tier-1 Bonds |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/YESBANK_30102026212559_YBL_Stock_Exchange_Intimation_ATI_Judgement_30102026_Signed.pdf)
- [Schedule of Analyst/ Institutional Investors Meet(s) / Call(s) / VC(s) Avendus Spark INDX 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/YESBANK_29102026113245_YBL_SE_Intimation_Analyst_Meet_Advance_Intimation_Avendus.pdf)
- [Schedule of Analyst/ Institutional Investors Meet(s) / Call(s) / VC(s) JM Financial - India Xchange 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/YESBANK_29102026113638_YBL_SE_Intimation_Analyst_Meet_Advance_Intimation_JM_financial.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹16.16
- Risk regime: Higher Price Risk

### Support levels
- 17.198749999999997
- 16.63
- 16.1175

### Resistance levels
- 17.551250000000003
- 18.115000000000002
- 18.48125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +5.91% |
| return_10 | +8.86% |
| return_1m | -17.55% |
| return_1y | -23.99% |
| return_20 | -15.89% |
| return_3m | -24.16% |
| return_5 | +13.53% |
| return_6m | -22.28% |
| return_since_start | -12.38% |
| return_ytd | -19.96% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -40.54% |
| annualized_volatility | +32.54% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Yes Bank Limited FY2026-27 Q2: Profit rises 63% year on year

Yes Bank reported consolidated profit after tax of ₹1,084 crore for the quarter ended 30 September 2026, up 63.2% from Q2 FY2025-26 and 1.1% from Q1 FY2026-27. Income and operating profit grew year on year, but operating profit edged lower sequentially as interest expense rose faster than interest earned. The reported results exclude a potential ₹8,415 crore impact relating to the AT1 bond write-down judgment; management’s indicative pro forma figures show a net loss if that impact were recognised.

## Income growth and operating costs

Total income was ₹10,602 crore, up 6.8% from ₹9,925 crore in Q1 FY2026-27 and 16.3% from ₹9,113 crore in Q2 FY2025-26. Interest earned increased 7.4% sequentially to ₹8,650 crore and 17.1% year on year. Other income rose 4.4% sequentially to ₹1,952 crore.

Interest expense rose 10.6% from Q1 to ₹5,830 crore, outpacing the sequential increase in interest earned. Operating expenses increased 4.7% to ₹3,089 crore. Operating profit before provisions and contingencies consequently slipped 1.3% from Q1 to ₹1,683 crore, while remaining 28.5% above Q2 FY2025-26.

## Provisions and profit

Provisions other than tax and contingencies were ₹317 crore, down 19.5% from Q1 FY2026-27 and 24.2% from Q2 FY2025-26. Profit before tax rose 4.2% sequentially to ₹1,366 crore. Tax expense increased 17.8% from Q1 to ₹282 crore, and profit after tax was ₹1,084 crore, compared with ₹1,072 crore in Q1 and ₹664 crore a year earlier.

Basic earnings per share was ₹0.35, versus ₹0.34 in Q1 FY2026-27 and ₹0.21 in Q2 FY2025-26.

## Asset quality

Gross non-performing assets were ₹3,875 crore at 30 September 2026, up 4.6% from ₹3,705 crore at 30 June 2026 but 4.4% below the balance at 30 September 2025. The gross NPA ratio was 1.2%, compared with 1.3% in Q1 FY2026-27 and 1.6% in Q2 FY2025-26.

Net non-performing assets were ₹757 crore, up from ₹677 crore at 30 June 2026 and down from ₹771 crore a year earlier. The net NPA ratio was 0.2%, unchanged sequentially and below 0.3% in Q2 FY2025-26.

## Closing balance-sheet position

At 30 September 2026, advances stood at ₹3,09,510 crore and deposits at ₹3,54,004 crore. Total assets were ₹5,14,956 crore.

## AT1 bond judgment and pro forma impact

In a press release issued on 17 October 2026, management said the Supreme Court on 15 October 2026 upheld the Bombay High Court judgment on the write-down of Additional Tier 1 bonds aggregating ₹8,415 crore. Management stated that the judgment’s impact had not been recognised in the reported Q2 FY2026-27 results while it assessed the accounting treatment, implementation requirements and available legal remedies.

Management’s indicative, unaudited pro forma figures, assuming the estimated impact as at 30 September 2026, show a net loss of ₹5,217 crore and a CET-1 ratio of 11.4%, compared with the reported 13.8%. Management said the pro forma figures remain subject to revision.

## Key Takeaway

Profit rose strongly year on year, with higher income and lower provisions supporting the result, but operating profit eased sequentially as interest expense grew faster than interest earned. Gross NPA balances also increased quarter on quarter, despite a lower reported gross NPA ratio. The material post-quarter AT1 judgment adds a substantial potential adjustment to the reported position: management’s current pro forma estimate turns quarterly profit into a loss.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +0.00%
- FII holding: +14.44%
- DII holding: +23.06%
- Mutual fund holding: +5.48%
- Retail holding: +18.23%
- Promoter pledged: +0.00%

### Major reported shareholders

- SUMITOMO MITSUI BANKING CORPORATION — +24.90%
- STATE BANK OF INDIA — +10.78%
- VERVENTA HOLDINGS LIMITED — +8.49%
- LIFE INSURANCE CORPORATION OF INDIA along with its sub-accounts — +3.98%

## Official filings

- 2026-11-05 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_05112026172512_YBL_Stock_Exchange_Intimation_ESOP_Allotment_Nov_2026_Signed.pdf)
- 2026-11-05 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2304_WebXMLFile_20261105_174127094.xml)
- 2026-10-30 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_30102026212559_YBL_Stock_Exchange_Intimation_ATI_Judgement_30102026_Signed.pdf)
- 2026-10-29 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_29102026113245_YBL_SE_Intimation_Analyst_Meet_Advance_Intimation_Avendus.pdf)
- 2026-10-29 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_29102026113638_YBL_SE_Intimation_Analyst_Meet_Advance_Intimation_JM_financial.pdf)
- 2026-10-29 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_29102026114141_YBL_SE_Intimation_Analyst_Meet_Advance_Intimation_Kotak_Midcap.pdf)
- 2026-10-29 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2304_WebXMLFile_20261029_115214812.xml)
- 2026-10-29 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2304_WebXMLFile_20261029_115659330.xml)
- 2026-10-29 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2304_WebXMLFile_20261029_115844850.xml)
- 2026-10-24 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_24102026164431_YBL_Stock_Exchange_Intimation_ESOP_Allotment_Oct_2026_Signed.pdf)
- 2026-10-24 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2304_WebXMLFile_20261024_164938908.xml)
- 2026-10-24 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_24102026172125_YBL_Stock_Exchange_Intimation_AT1_Bonds_Disclosure_signed.pdf)
- 2026-10-23 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_23102026214522_SE_Intimation_signed_23102026.pdf)
- 2026-10-23 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2304_WebXMLFile_20261023_214944559.xml)
- 2026-10-20 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_20102026091917_YBL_SE_Intimation_Outcome_FR_Signed.pdf)
- 2026-10-20 — Credit Rating Update: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_20102026093929_Stock_Exchange_Intimation_Rating_Discl_Moodys_Oct_20.pdf)
- 2026-10-19 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_19102026154251_SE_Intimation_Recording_of_Earnings_Call_1910_signed.pdf)
- 2026-10-19 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2304_WebXMLFile_20261019_154818519.xml)
- 2026-10-17 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_17102026125657_Resheduled_SE_Intimation_signed.pdf)
- 2026-10-17 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2304_WebXMLFile_20261017_130305464.xml)
- 2026-10-17 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_17102026160305_YBL_SE_Intimation_Earnings_Call_Q2_FY_2027-Rescheduled_signed.pdf)
- 2026-10-17 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2304_WebXMLFile_20261017_161036008.xml)
- 2026-10-17 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_17102026191757_SE_Intimation_Signed.pdf)
- 2026-10-17 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_17102026193510_YBL_Stock_Exchange_Intimation_ID_Appt_Signed.pdf)
- 2026-10-17 — Generic Announcement: Yes Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/YESBANK_17102026194113_Stock_Exchange_Intimation_BM_signed.pdf)

## News and market events

- 2026-11-06 — Mint: **Why did Yes Bank shares rally 6%, extend winning streak to 3rd day and snap a 7-week losing run — what led to rebound?** — Yes Bank shares rallied 6% to settle at ₹17.26, extending a three-day winning streak and reversing a seven-week losing run driven by unusually high trading volumes rather than immediate fundamental triggers. The rebound follows a sharp October decline triggered by the Supreme Court’s decision upholding the Bombay High Court judgment against the write-off of ₹8,415 crore in AT-1 bonds. While the bank expects its overall Tier 1 capital ratio to remain unchanged, it is preparing to seek a review of the ruling and has indicated it is unlikely to pay coupons on these bonds this year. — [Source](https://www.livemint.com/market/stock-market-news/why-did-yes-bank-shares-rally-6-extend-winning-streak-to-3rd-day-and-snap-a-7-week-losing-run-what-led-to-rebound-11793959853879.html)
- 2026-11-04 — Economic Times: **YES Bank Share Price Today, YES Bank Stock Price Live NSE/BSE Updates | The Economic Times** — The Economic Times provides live NSE and BSE share price updates for Yes Bank, alongside access to forecasts, quarterly results, dividend details, and balance sheet information. The platform also features related news items concerning the bank's AT-1 bonds and a Supreme Court judgment disclosure regarding those instruments. — [Source](https://economictimes.indiatimes.com/yes-bank-ltd/stocks/companyid-16552.cms)
- 2026-11-03 — Mint: **Yes Bank bondholders step up pressure for restoration of ₹8,415 crore AT1 bonds | Company Business News** — The Yes Bank AT1 Bond Holders Association is pressuring the lender to restore ₹8,415 crore of written-off additional tier-1 bonds following an expired deadline from the debenture trustee. The association has demanded a time-bound restoration plan and clarity on unpaid coupons, while also questioning the bank's role in distributing these bonds to individual investors. — [Source](https://www.livemint.com/companies/news/yes-bank-bondholders-step-up-pressure-for-restoration-of-8-415-crore-at1-bonds-11793700909840.html)
- 2026-11-03 — BUSINESSTODAY: **YES Bank: 38% price target cut by JPMorgan, what else brokerage says** — JPMorgan cut its price target for YES Bank by 38% to Rs 13.10, citing the Supreme Court's adverse judgment on AT-1 bond write-offs and potential strain on capital from revived coupon payments. The brokerage significantly reduced earnings estimates for FY27 through FY29, warning that structural weaknesses, including subdued return on equity and transition to new provisioning norms, limit valuation re-rating potential despite recent profit growth. — [Source](https://www.businesstoday.in/markets/stocks/story/yes-bank-price-target-cut-by-jpmorgan-what-else-brokerage-says-565277-2026-11-03)
- 2026-11-02 — BUSINESSTODAY: **YES Bank, SAIL, Mphasis: Top stocks to trade — Check key levels, targets & stop loss** — Research Analyst Muthuselvaraj M at Mirae Asset Sharekhan provided trading outlooks for YES Bank Ltd, Mphasis Ltd, and Steel Authority of India ahead of the Monday session. The analyst highlighted technical levels and ratings for these stocks amidst broader market sentiment influenced by banking interest rate expectations and AI valuation concerns. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/yes-bank-sail-mphasis-top-stocks-to-trade-check-key-levels-targets-stop-loss-565018-2026-11-02)
- 2026-11-01 — MONEYCONTROL: **Yes Bank rejects wilful disobedience charge as AT-1 bond trustee warns contempt action** — Yes Bank rejected allegations of wilful disobedience by Axis Trustee Services regarding the delay in restoring Rs 8,415 crore worth of Additional Tier-1 (AT-1) bonds. The trustee threatened to initiate contempt proceedings against Yes Bank, its directors, and officers if the bonds are not reinstated within three days, citing non-compliance with a recent Supreme Court judgment that upheld an order quashing the bond write-off. — [Source](https://www.moneycontrol.com/banking/yes-bank-rejects-wilful-disobedience-charge-as-at-1-bond-trustee-warns-contempt-action-article-14065498.html)
- 2026-10-31 — FREEPRESSJOURNAL.IN: **Axis Trustee Demands Restoration Of ₹8,415 Crore Yes Bank AT1 Bonds Within 3 Days, Warns Of Contempt Proceedings** — Axis Trustee Services has demanded that Yes Bank restore ₹8,415 crore in written-off Additional Tier 1 bonds within three days or face contempt proceedings before the Supreme Court. This demand follows an October 15 Supreme Court judgment that invalidated Yes Bank's March 2020 write-off of these bonds, which the court ruled was done by an administrator exceeding his authority. — [Source](https://www.freepressjournal.in/business/axis-trustee-demands-restoration-of-8415-crore-yes-bank-at1-bonds-within-3-days-warns-of-contempt-proceedings)
- 2026-10-31 — The Hindu: **ATSL’s notice on re-instatement of written-down AT-1 Bonds: Yes Bank says fully committed to acting in accordance with SC Judgment** — Axis Trustee Services Ltd issued a notice to Yes Bank demanding reinstatement of ₹8,415 crore in Additional Tier-I bonds written down in March 2020, citing compliance with a Supreme Court judgment. Yes Bank rejected claims of wilful disobedience but confirmed it is examining the judgment's implications and will take necessary legal steps. — [Source](https://www.thehindubusinessline.com/money-and-banking/atsls-notice-on-re-instatement-of-written-down-at-1-bonds-yes-bank-says-fully-committed-to-acting-in-accordance-with-sc-judgment/article71648730.ece)
- 2026-10-30 — Mint: **Axis Trustee gives Yes Bank three working days to restore ₹8,415 crore AT1 bonds | Mint** — Axis Trustee Services Ltd has directed Yes Bank Ltd to restore ₹8,415 crore of AT1 bonds to their pre-2020 write-off status within three working days, citing a Supreme Court ruling. The trustee has also requested clarity on unpaid coupons and a timeline for the bank's assessment. — [Source](https://www.livemint.com/industry/banking/axis-trustee-gives-yes-bank-three-working-days-to-restore-8-415-crore-at1-bonds-11793286668493.html)
- 2026-10-29 — The Hindu: **Axis Trusteeship issues notice to Yes Bank to restore/ reactivate AT-1 bonds** — Axis Trusteeship Services Ltd (ATSL) has issued a notice to Yes Bank demanding the restoration and reactivation of AT-1 bonds worth Rs 8,415 crore within three days, following a Supreme Court decision. The notice also seeks clarification on overdue coupon payments for bond series with coupon rates of 9% and 9.50%, with copies sent to regulators RBI and SEBI, and exchanges BSE and NSE. — [Source](https://www.thehindubusinessline.com/money-and-banking/axis-trusteeship-issues-notice-to-yes-bank-to-restore-reactivate-at-1-bonds/article71641437.ece)
- 2026-10-29 — Mint: **Yes Bank shares extend decline to 26% in October, hit a multi-year low. Why are investors turning cautious?** — The Supreme Court upheld the Bombay High Court's judgment reversing the write-off of ₹8,415 crore in Yes Bank's AT-1 bonds, leading to a decline in the stock price and concerns over the bank's capital adequacy and unpaid coupons. Yes Bank reported that its CET1 capital ratio could decline by approximately 250 basis points as a result, while sources indicated the bank is unlikely to pay current-year coupons on these bonds despite the ruling. — [Source](https://www.livemint.com/market/stock-market-news/yes-bank-shares-extend-decline-to-26-in-october-hit-a-multi-year-low-why-are-investors-turning-cautious-11793273761294.html)
- 2026-10-29 — BUSINESSTODAY: **YES Bank shares sink 26% in a month as SC ruling on Rs 8,415-crore AT1 bonds raises concerns** — Shares of YES Bank Ltd fell 1.15 per cent in Thursday's trade to hit a fresh 52-week low of Rs 15.44. — [Source](https://www.businesstoday.in/markets/stocks/story/yes-bank-shares-sink-26-in-a-month-as-sc-ruling-on-rs-8415-crore-at1-bonds-raises-concerns-564472-2026-10-29)
- 2026-10-27 — Mint: **Yes Bank AT1 bondholders seek regulatory, govt intervention to enforce SC order | Company Business News** — Yes Bank's AT-1 bondholders said many investors had relied on their retirement savings, including provident fund and gratuity, to purchase the bonds. Twelve members died during the court proceedings, according to its submissions. — [Source](https://www.livemint.com/companies/yes-bank-at-1-bondholders-investors-rbi-sebi-supreme-court-11793103014785.html)
- 2026-10-27 — BUSINESSTODAY: **YES Bank shares slide to 52-week lows four times: Time to buy?** — Shares of YES Bank Ltd have hit 52-week lows for four times in seven sessions. — [Source](https://www.businesstoday.in/markets/stocks/story/yes-bank-shares-slide-to-52-week-lows-four-times-time-to-buy-563872-2026-10-27)
- 2026-10-27 — Economic Times: **Q2 earnings done for HDFC Bank, ICICI, other private lenders. What's next?** — Private banks delivered mixed Q2 FY27 earnings, prompting analysts to identify lenders with attractive valuations and flag those investors may want to avoid. HDFC Bank reported a 5% YoY rise in net profit to Rs 19,510 crore, largely in line with expectations, but its shares have fallen 6% since the results. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/q2-earnings-done-for-hdfc-bank-icici-other-private-lenders-whats-next/articleshow/135224155.cms)
- 2026-10-26 — Economic Times: **Yes Bank AT-1 bonds: Who will examine administrator's role? - The Economic Times** — The Supreme Court struck down Yes Bank’s Rs 8,415 crore AT-1 bond write-down as unlawful. The judgment raises questions over the administrator’s conduct and RBI’s role in examining accountability under the applicable legal framework. — [Source](https://economictimes.indiatimes.com/opinion/et-commentary/yes-bank-at-1-bonds-who-will-examine-administrators-role/articleshow/135216667.cms)
- 2026-10-26 — BUSINESSTODAY: **YES Bank shares deeply oversold, in a downtrend; analysts say this** — Shares of YES Bank Ltd, among India's most tracked stocks by retail investors, are down 27% since October 15 this year. — [Source](https://www.businesstoday.in/markets/stocks/story/yes-bank-shares-deeply-oversold-in-a-downtrend-analysts-say-this-563683-2026-10-26)
- 2026-10-26 — Mint: **The Yes Bank AT1 bond case and lessons for all investors | Mint** — Investors must look through the recent returns and packaging of a product, understand the risks and invest only if it suits their risk appetite. — [Source](https://www.livemint.com/money/personal-finance/yes-bank-at1-bonds-case-lessons-for-investors-11792995668800.html)
- 2026-10-26 — Economic Times: **YES Bank keeps AT-1 coupon payment decision open, says it has coupon discretion** — YES Bank is yet to decide on the payment of coupons on its AT-1 bonds after the Supreme Court set aside the 2020 write-off of Rs 8,415 crore. The bank said it retains coupon discretion under the bond terms and is assessing the judgment and its implications and shall communicate the final decision in due course. — [Source](https://cfo.economictimes.indiatimes.com/news/strategy-operations/yes-bank-keeps-at-1-coupon-payment-decision-open-says-it-has-coupon-discretion/135201786)
- 2026-10-26 — Mint: **Top stocks to watch today: Paytm, Mankind Pharma, Infosys, BPCL shares in focus on Monday, 26 Oct | Full list** — Top stocks to watch today: Paytm, Mankind Pharma, Tata Consumer, ITC Hotels, Infosys, BPCL, Kotak Mahindra Bank, Coforge among shares in focus on Monday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-paytm-mankind-pharma-infosys-bpcl-shares-in-focus-on-monday-26-oct-full-list-11792978063209.html)
- 2026-10-26 — The Hindu: **AT-1 bonds: Yes Bank staring at costly ‘procedural lapse’** — Yes Bank battles an ₹8,415 crore AT-1 write-down reinstatement after SC ruling, impacting CET-1, profits, and bondholder payouts. — [Source](https://www.thehindubusinessline.com/specials/current-account/at-1-bonds-yes-bank-staring-at-costly-procedural-lapse/article71624191.ece)
- 2026-10-25 — Mint: **Bank Nifty tumbles nearly 3%, slips below 55k: More selling pressure ahead for banking stocks? Check key levels to watch** — Indian equities fell sharply during a four-session week as surging crude prices amid the West Asia crisis erased nearly ₹21 lakh crore in investor wealth. The Sensex dropped 2.15% and Nifty 50 2.36%, while Bank Nifty lost 2.79%, with analysts warning of continued technical weakness. — [Source](https://www.livemint.com/market/stock-market-news/bank-nifty-tumbles-nearly-3-slips-below-55k-more-selling-pressure-ahead-for-banking-stocks-check-key-levels-to-watch-11792920838777.html)
- 2026-10-25 — The Hindu: **Think. Over the week** — Editorial roundup analyzes YES Bank AT1 ruling, cybersecurity gaps, AI adoption in India, global politics, monsoon impacts, and visual insights. — [Source](https://www.thehindubusinessline.com/newsletter/nl-opinion/think-over-the-week/article71622864.ece)
- 2026-10-25 — FREEPRESSJOURNAL.IN: **YES Bank AT-1 Bond Payment Decision Still Pending, Lender Reviews Supreme Court Judgment And Coupon Options** — YES Bank is reviewing the Supreme Court — [Source](https://www.freepressjournal.in/business/yes-bank-at-1-bond-payment-decision-still-pending-lender-reviews-supreme-court-judgment-and-coupon-options)
- 2026-10-24 — Economic Times: **Nippon AMC gets Sebi nod for settlement in Yes Bank AT1 case** — Nippon Life India Asset Management Company has obtained in-principle approval from Sebi regarding a settlement case involving mutual fund investments in Yes Bank's AT1 bonds. With a settlement payment of ₹96.8 crore, including management fee reversals, this comes after a show-cause notice was issued in August 2024 due to alleged non-compliance. The final ruling from Sebi is still anticipated by the company and its representatives. — [Source](https://cfo.economictimes.indiatimes.com/news/governance-risk-compliance/nippon-amc-gets-sebi-nod-for-settlement-in-yes-bank-at1-case/135160125)

## Business profile

**Strategic vision:** Indian private sector bank offering financial services.

### Business segments
- **Retail and Digital Banking:** Provides personal finance products such as accounts, deposits, and various retail loans to consumers, supported by digital channels like mobile apps and net banking.
- **Corporate and Commercial Banking:** Serves corporate clients, public sector units, and mid-sized enterprises with services including structured finance, working capital loans, project finance, trade finance, cash management, and merchant payment solutions.
- **Treasury and Markets:** Manages proprietary trading, foreign exchange services, debt capital markets, and liquidity management operations.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/yesbank
Markdown representation: https://faxioms.com/stocks/yesbank?render=md