# Yes Bank share price today (Yes Bank Ltd, NSE: YESBANK)

> Yes Bank share price today: ₹15.73 at the NSE close on 4 November 2026, down 31.2% in a year. Yes Bank (NSE: YESBANK) is worth ₹49,213 crore, trades at a P/BV of 0.9 and has closed between ₹15.15 and ₹25.41 over the past 52 weeks. > Yes Bank Ltd's earnings have grown faster than its share price. Earnings per share grew +43.6% in a year while the price moved −31.2%. YESBANK · Banks - Private · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/yes-bank-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹15.73 (−31.2% in a year)
- P/BV: 0.9× (lower than 81% of the last 11 years)
- Revenue (Sep 2026): ₹8,650 Cr (+17.1% on a year ago)
- Profit (Sep 2026): ₹1,084 Cr (+63.3% on a year ago)
- Net margin: 12.5% (+3.5 points on a year ago)
- ROE: 7%, FY26
- Gross NPA (bad loans): 1.20% (−0.40 points on a year ago)

The main question: yearly earnings per share moved +43.6% while the share price moved −31.2%. ## What is the Yes Bank share price today? Yes Bank Ltd's share price was ₹15.73 at the close on 4 November 2026. It has been falling for 2 weeks. That is 26.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹15 and ₹25, and at that close it sat 6% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 17 weeks running. Over the last 11 years the share price moved −90% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 10 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Yes Bank this quarter? Three changes stood out: profit up on a year earlier for 12 quarters in a row (every quarter we can compare), bad loans at their lowest share in 16 quarters and highest quarterly profit in 16 quarters. 1. Profit up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter profit was ₹1,084 crore, +63.3% on a year earlier. Why: Profit rose because the bank made more on loans minus what it pays on deposits. Next results: check whether profit reaches the full year plan. From the earnings call on 19 Oct 2026. 2. Bad loans at their lowest share in 16 quarters Gross NPA, the share of loans not being repaid, was 1.2% in the September 2026 quarter, from 1.6% a year earlier. Why: Bad loans fell as a share of loans because the bank's loan book grew fast. Next results: check whether bad loans keep falling, since management sees only modest room for more improvement. From the earnings call on 19 Oct 2026. 3. Highest quarterly profit in 16 quarters Profit of ₹1,084 crore in the September 2026 quarter is the highest of the last 16 quarters. Why: Profit rose because fees from trade, cash management, loan processing and cards grew. From the earnings call on 19 Oct 2026. ## What are Yes Bank's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Yes Bank reported total income of ₹8,650 crore, up 17.1% from ₹7,389 crore a year earlier, and a profit of ₹1,084 crore, up 63.3% from ₹664 crore. ### Yes Bank results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹8,650 crore | ₹7,389 crore | +17.1% |
| Profit | ₹1,084 crore | ₹664 crore | +63.3% |
| Earnings per share | ₹0.35 | ₹0.21 | +66.7% |
| Net margin | 12.5% | 9.0% | +3.5 points |
| Gross bad loans (gross NPA) | 1.20% | 1.60% | −0.40 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Yes Bank's management discussed these results on a call held on 19 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.)

## What is the Yes Bank share price history? Yes Bank closed at ₹15.73 on 4 November 2026, down 31.2% from ₹22.85 a year earlier (7 November 2025) and up 19.6% over five years. Its highest weekly close since March 2016 was ₹393.20 on 17 August 2018. ### Yes Bank share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹15.15 | +3.8% |
| 1 month ago · 1 Oct 2026 | ₹20.75 | −24.2% |
| 6 months ago · 8 May 2026 | ₹22.94 | −31.4% |
| 1 year ago · 7 Nov 2025 | ₹22.85 | −31.2% |
| 3 years ago · 3 Nov 2023 | ₹16.45 | −4.4% |
| 5 years ago · 4 Nov 2021 | ₹13.15 | +19.6% |
| 10 years ago · 4 Nov 2016 | ₹239.22 | −93.4% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹160.12 | −90.2% |
| Highest weekly close since March 2016 · 17 Aug 2018 | ₹393.20 | −96.0% |
| Lowest weekly close since March 2016 · 9 Sep 2021 | ₹10.95 | +43.7% |
| 52-week high (weekly close) · 19 Jun 2026 | ₹25.41 | −38.1% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹15.15 | +3.8% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on Yes Bank? 4 Nov 2026: Yes Bank closed at ₹15.73, up 3.8% on the week and down 24.2% on the month. 19 Oct 2026: Yes Bank held its results call for July to September 2026. Management guided: FY27 RoA of 1% for the full year; some reliance on non-core Security Receipts gains. ### Earlier

- Results for July to September 2026: Total income up 17.1% and profit up 63.3% on a year earlier. - Our read, 22 Aug 2026: Yes Bank has completed balance-sheet repair with gross non-performing assets down to 1.3% and core net interest income driving earnings growth, while return on equity expansion toward 15% depends on execution across Rural Infrastructure Development Fund rundown, low-cost deposit growth, and retail disbursement seasoning. ### Our read of the business

Latest quarter: Core Net Interest Income and Fee Expansion Drive Quality Earnings Growth. (Our read after the latest results, written 22 August 2026.)

## What dividend does Yes Bank pay? Yes Bank has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. Not in its latest year. Yes Bank Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 6 of its last 13 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Yes Bank management say on the latest results call? On the call for July to September 2026, held on 19 October 2026, Yes Bank's management guided: FY27 RoA of 1% for the full year; some reliance on non-core Security Receipts gains. > “Any capital decision will be based on a careful assessment of regulatory requirements, the cost and availability of capital, shareholder interests, and the Bank's medium-term growth objectives.”
> Vinay N. Tonse, on the call for July to September 2026

### What management guided

- FY28 RoA of 1% directionally, with minimal reliance on non-core income; firmer guidance deferred until FY27 closes. - H2 FY27 RIDF deposits expected to decline by about ₹8,000 crore, split between Q3 at about ₹4,700 crore and Q4 at about ₹3,500 crore. - FCNR deployment expected largely in Q3, with some spillover into Q4; Q3 NIM expected near Q2 levels with marginal downside and Q4 with positive bias. - market conditions may alter the outcome. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4547/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 19 October 2026.)

## What is the future of Yes Bank? What is changing in the business? One change in Yes Bank's own numbers looks lasting: higher-value products and a better mix. Also showing up, but too early to call lasting: costs spread over more sales and fewer bad loans. Higher-value products and a better mix looks lasting

Net interest margin (what the bank earns on loans minus what it pays on deposits, as a share of assets) rose from 2.5% to 2.7%. Net interest income (interest earned minus interest paid, from the data) grew 4.7%, 11.0%, 15.9% and 17.5% year on year over the four quarters. Management goals a margin 'north of 3%' by FY28. Why it may last: that part of the margin gain is the bank's own and keeps coming as another 6,500 to 9,000 crore runs off in FY27. The deposit-repricing part is more exposed to rate moves and competition. What could be flattering it: A one-off in interest income (the 119 crore tax-refund interest in Jun 2026) or a passing benefit from the interest-rate cycle (deposit rates cut faster than loan rates) rather than a lasting change in what the bank lends and how it is funded. Next check: Net interest income for Sep 2026 grows at least 12% on Sep 2025 (2,296 crore) with no one-off interest, and margin stays at or above 2.7%. Quarter by quarter, 4 quarters

July to September 2025

Management said the margin had bottomed at 2.5%. Net interest income Sep 2025 = 7,389 − 5,093 = 2,296 crore vs 2,193 crore in Sep 2024 (7,737 − 5,544), up 4.7%. ✓ fact

From our notes of the call for July to September 2025: Driven by three levers: run-down of RIDF book, term deposit repricing. October to December 2025

Margin up to 2.6%. Net interest income Dec 2025 = 7,553 − 5,093 = 2,460 crore vs 2,216 crore in Dec 2024 (7,833 − 5,617), up 11.0%. ✓ fact

From our notes of the call for October to December 2025: NIM expanded 12 basis points on the previous quarter and 24 basis points on a year earlier to 2.6%, driven by RIDF balance reduction from 11% (FY24 peak) to 6.9%, aiming for below 5% by FY27. January to March 2026

Margin 2.7%. Net interest income Mar 2026 = 7,662 − 5,030 = 2,632 crore vs 2,271 crore in Mar 2025 (7,623 − 5,352), up 15.9%. Interest paid fell year on year while interest earned rose. ✓ fact

From our notes of the call for January to March 2026: NIM improved to 2.7% Q4 (+10 basis points on the previous quarter, +20 basis points on a year earlier) and 2.6% full-year (+20 basis points vs FY25) despite adverse interest rate environment and elevated deposit competition. April to June 2026

Margin flat at 2.7% quarter on quarter. Net interest income Jun 2026 = 8,054 − 5,269 = 2,785 crore vs 2,370 crore in Jun 2025 (7,605 − 5,235), up 17.5%. But 119 crore of one-off interest on a tax refund landed this quarter; if it sits in interest earned, the underlying figure is 2,666 crore, still up 12.5% on the year, but only 34 crore above Mar 2026. ✓ fact

From our notes of the call for April to June 2026: NIM stable at 2.7% on the previous quarter despite rate transmission headwinds and deposit mix pressures, showing underlying driver resilience. Costs spread over more sales too early to call

Income is growing much faster than running costs. Cost-to-income (running costs as a share of income) fell from 71.1% to 66% in Dec 2025, from 67.3% to 63% in Mar 2026, and from 67.1% to 62.8% in Jun 2026. Management says past spending on technology and branches is now paying off while cost growth stays low (2% in Dec 2025). Pre-provision profit (profit before setting money aside for bad loans) rose 28.7% in Dec 2025, 23.1% in Mar 2026 and 25.5% in Jun 2026 per the summaries. Why it may last: Most of the extra income comes from the margin gain (L02), not from more volume on a fixed cost base, and the bank is adding about 80 branches a year (400 over 4 to 5 years) that will add cost. What decides it: whether cost-to-income keeps falling below 63% once those branches and the deposit fight are in the cost base. Next check: Sep 2026 costs including provisions grow slower than net interest income plus other income, with cost-to-income at or below 63%. Quarter by quarter, 4 quarters

July to September 2025

Summary says operating profit grew 32.9%. In the data, costs including bad-loan provisions rose to 3,129 crore from 2,984 crore a year earlier, so the gain is not yet visible after provisions; profit before tax was 891 crore vs 697 crore. ✓ fact

From our notes of the call for July to September 2025: Citing strong sequential momentum across key operating metrics, including outperforming industry deposit growth and robust operating profit increase. October to December 2025

Costs including provisions 2,961 crore vs 2,969 crore a year earlier (flat) while net interest income plus other income rose to 4,180 crore from 3,799 crore (+10%). Cost-to-income 66% adjusted for a 155 crore one-time gratuity charge, vs 71.1%. ✓ fact

January to March 2026

Costs including provisions 2,999 crore vs 3,080 crore a year earlier (down) while income (2,632 + 1,816 = 4,448 crore) rose from 4,086 crore (+8.9%), even after a 341 crore extra standard-asset provision. Cost-to-income 63% vs 67.3%. ✓ fact

From our notes of the call for January to March 2026: Cost-to-income ratio improved to 66.7% FY26 (vs 71.3% FY25) and 63% Q4 (vs 67.3% January to March 2025) with management committed to gradual reduction. April to June 2026

Costs including provisions 3,345 crore vs 3,110 crore (+7.6%); income 2,785 + 1,870 = 4,655 crore vs 4,195 crore (+11.0%). Taking out the named one-offs (119 crore tax-refund interest now; security-receipt gains of 86 crore now vs 338 crore a year ago), income grew 15.4% (4,450 vs 3,857 crore), still well ahead of costs. Cost-to-income 62.8% vs 67.1%. ✓ fact

From our notes of the call for April to June 2026: Cost-to-income improved sharply to 62.8% from 67.1% on a year earlier with income growing well ahead of costs. Fewer bad loans too early to call

Bad loans are falling. Gross bad loans fell from 1.6% of loans (Sep 2025) to 1.5%, 1.3% and 1.3%; net bad loans from 0.3% to 0.2%. New bad loans (slippages) fell in rupees from 1,458 crore to 1,248 crore to 1,050 crore across the first three quarters of FY26, and the slippage rate fell to 1.4% in Jun 2026 from 2.4% a year earlier. Credit cost (loan-loss charge) was 0.2% for FY26. Why it may last: Bad loans are low across a benign credit cycle and the newest loans are young; It will move with the credit cycle. Next check: Sep 2026 slippage rate stays at or below 1.5% and gross bad loans at or below 1.3%, with retail slippages not rising as the 27.5% disbursement growth ages. Quarter by quarter, 4 quarters

July to September 2025

Gross bad loans 1.6% in the data (the summary's 2.0% conflicts, see data conflicts). Slippages 1,248 crore vs 1,458 crore the quarter before (from the Q3 summary). Provision coverage 81%. ✓ fact

From our notes of the call for July to September 2025: Core credit cost trajectory improved; credit cost is expected to remain comfortably below. October to December 2025

Gross bad loans 1.5%; slippages 1,050 crore, lowest rate in 8 quarters; recoveries and upgrades 1,224 crore; provisions for bad loans 0.5% of assets vs 0.7%. ✓ fact

From our notes of the call for October to December 2025: Fresh slippages declined to ₹1,050 crore from ₹1,248 crore (Q2) and ₹1,458 crore (Q1)

January to March 2026

Gross bad loans 1.3%, net 0.2%. Full-year slippage rate 1.8% vs 2.1%; retail slippage 2.8% at Q4 exit. ✓ fact

From our notes of the call for January to March 2026: Gross NPA 1.3% and Net NPA 0.2% - lowest in 24 quarters. April to June 2026

Gross bad loans 1.3%, net 0.2% (unchanged). Slippage rate 1.4% vs 1.6% prior quarter and 2.4% a year ago; recoveries and upgrades 564 crore. Rupee slippages not given for this quarter. ✓ fact

From our notes of the call for April to June 2026: Gross slippage improved to 1.4% in Q1 (from 1.6% prior quarter, 2.4% April to June 2025) despite seasonal headwinds first quarter typically carries. We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Checked against results and calls up to April to June 2026, 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What could change the Yes Bank story? What are the risks? Gross slippage rising above 2.0% for two consecutive quarters combined with net interest margin compressing below 2.50%, which would demonstrate that accelerated retail disbursements are deteriorating into credit losses while liability pricing power is eroding. ### Each change stops working if

- Rural Infrastructure Development Fund (RIDF) Run-down: Priority sector lending goals are missed, forcing the bank to reinvest in mandatory low-yield government deposits rather than commercial loans. - Liability Repricing and CASA Granularity: Systemic deposit liquidity shortages force the bank to re-escalate savings and term deposit interest rates to stem retail deposit outflows. - Operating Cost Efficiency and Core Fee Scale: Technology spending and compliance overhead outpace non-interest revenue growth, reversing cost-to-income improvements above 68%. ### The main risks

- Net Interest Margin Stagnation Under Deposit Competition: NIM at 2.7% carries a 50 to 80 basis point gap versus private peers; deposit competition or rate pause could prevent RIDF gains from expanding margins. ✓ fact
- Retail Book Seasoning and Underwriting Quality Test: Disbursement expansion of 27.5% in retail products requires seasoning; current 1.4% slippage reflects legacy runoff rather than new vintage risk. ✓ fact
- Management Strategy Inconsistency and Product Reversals: Five documented strategy shifts across four calls, including sudden pivots on retail exclusions and gold loans, pose governance perception risks. ✓ fact
- Security Receipt Monetization Lumpiness and Deceleration: SR gains fell to 86 crore in April to June 2026 vs 338 crore prior year; maintaining the 800 to 1,000 crore FY27 goal depends on JC Flowers resolution timing. ✓ fact

(Our read after the latest results, written 22 August 2026.)

## What to watch in Yes Bank's next results? When Yes Bank reports October to December 2026, these are the 6 checks that show whether the story is still on course. First: Net interest income for Sep 2026 grows at least 12% on Sep 2025 (2,296 crore) with no one-off interest, and margin stays at or above 2.7%. | What to check | Why |
| --- | --- |
| Net interest income for Sep 2026 grows at least 12% on Sep 2025 (2,296 crore) with no one-off interest, and margin stays at or above 2.7%. | Higher-value products and a better mix |
| Sep 2026 costs including provisions grow slower than net interest income plus other income, with cost-to-income at or below 63%. | Costs spread over more sales |
| Sep 2026 slippage rate stays at or below 1.5% and gross bad loans at or below 1.3%, with retail slippages not rising as the 27.5% disbursement growth ages. | Fewer bad loans |
| AT1 accounting, coupon and legal-option assessment - check for an implementation decision or an explicit update on unresolved steps. | From the call |
| Q3 NIM outcome - compare with the stable-to-marginally softer framing after full-quarter FCNR effects and offsetting tailwinds. | From the call |
| RIDF runoff - check progress against the stated H2 schedule and when the reduction begins benefiting margins. | From the call |

## Which stock lists is Yes Bank on? Yes Bank is on 5 of our India lists: Undervalued stocks, 52 week high & low, Small & mid cap stocks, Penny stocks and Bank stocks. - [Undervalued stocks Profit growth x: 1.478674656327106](https://www.sectoralpha.in/markets/in/deep-value-stocks)
- [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 197](https://www.sectoralpha.in/small-cap-stocks-india)
- [Penny stocks Earnings growth, 12 months (%): 46.15](https://www.sectoralpha.in/penny-stocks-india)
- [Bank stocks Market value (₹ crore): 49375.58745874588](https://www.sectoralpha.in/sectors/bank-stocks-india)

## Is Yes Bank profitable? Yes Bank Ltd earned ₹1,084 Cr of net profit in the Sep 2026 quarter, +63.3% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹3,512 Cr. Over 10 years profit has grown 3.3% a year on average. That is 12.5% of the quarter's revenue. The same quarter a year earlier earned ₹664 Cr. For the full year, FY26 profit was ₹3,512 Cr (+43.5% on the year before). Why profit moved: revenue changed +17.1% on a year earlier and the margin moved +3.5 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +48.9% and revenue +5.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. FY27-Q1. revenue ₹8,054 Cr and profit ₹1,072 Cr as reported. FY27-Q2. revenue ₹8,650 Cr and profit ₹1,084 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much revenue does Yes Bank make, and is it growing? Yes Bank Ltd reported ₹8,650 Cr of income in the Sep 2026 quarter, +17.1% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 8.4% a year on average. The last full year, FY26, came in at ₹30,208 Cr. The last four reported quarters add to ₹31,919 Cr. FY26 revenue was ₹30,208 Cr, −2.3% on the year before. Recent pace: the last four quarters grew +5.0% on average, against 8.4% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +4.8%, against +3.3% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +47.9%, against +53.0% a year (rolling over). FY27-Q1. revenue ₹8,054 Cr and profit ₹1,072 Cr as reported. FY27-Q2. revenue ₹8,650 Cr and profit ₹1,084 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much does Yes Bank keep from what it earns? Yes Bank Ltd's net margin was 12.5% in the Sep 2026 quarter, 3.5 percentage points higher than the same quarter a year ago. Across 13 years it has been between −63.1% and 20.9%. The latest quarter is within that range. Why this happened. Yes Bank accumulated significant RIDF deposits during reconstruction to meet priority sector shortfalls. RIDF balances fell from 11% of assets in FY24 to 6.9% in Q3 FY26 and are planned to decline by 6,500 to 9,000 crore in FY27. Reallocating these funds yielding 3% to 4% into retail and commercial loans yielding 9% to 11% directly expands net interest margin toward the 3.25% to 3.50% medium-term goal. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. FY27-Q1. revenue ₹8,054 Cr and profit ₹1,072 Cr as reported. FY27-Q2. revenue ₹8,650 Cr and profit ₹1,084 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How many of Yes Bank's loans have gone bad? Yes Bank Ltd's gross NPA, the share of loans that have stopped being repaid, is 1.20% in Sep 2026, down from 1.60% a year ago. After the money already set aside for bad loans, 0.20% is left (net NPA). That is the 11th quarter in a row of improvement. Across the 12 quarters on file it has been between 1.20% and 2.00%. Falling bad loans mean the loan book is healing; rising ones mean new damage. In Sep 2026, gross NPA was 1.20% and net NPA 0.20%, against 1.60% and 0.30% a year ago. In short: a lender's profit growth is only as good as its loans, and this loan book is healing, several quarters running. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up. Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown. ## How fast is Yes Bank's loan book growing? Yes Bank Ltd's revenue was ₹30,208 Cr in FY26, −2.3% on the year before, so the loan book is not growing. The latest quarter was +17.1% on a year earlier. The net margin on that income is 12.5%, +3.5 percentage points on a year ago. Why this happened. Retail disbursement growth accelerated to 27.5% YoY in Q1 FY27 and 41% in Q4 FY26 following a credit platform refresh. While headline retail loan growth was 6.9% due to runoff in legacy books, management projects double-digit book growth within three to four quarters as fresh originations dominate. Commercial banking sustained 17% YoY growth and corporate banking grew 20%, supporting full-year advance growth of 15% to 17%. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses. ## What is Yes Bank's P/BV ratio, and how does it compare with its own history? Yes Bank Ltd's P/BV is 0.9×, near the low end of its own history: it has been lower only 19% of the time. Its usual P/BV (the middle reading) is 1.3×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is low: this lender earns about 7% a year on its equity. A lender that earns less on its net worth is valued lower for each rupee of it, and that gap usually closes only if returns improve. Why the multiple is where it is: over the past year book value grew while the price moved −31.2%. Price and book value moved together, so the multiple stayed in its range. Where the price move came from: over 5 years the price moved +3.6% a year; about +5.6% a year came from book-value growth and about −2.0 percentage points from the multiple (the market paying less); over 10 years the price moved −23.8% a year; about −12.6% a year came from book-value growth and about −11.2 percentage points from the multiple (the market paying less). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple. ## What growth does the Yes Bank share price assume? Worked out from its price on 24 August 2026, Yes Bank Ltd's share price assumed profit growth of about 13.2% a year. Over the past 10 years its profit actually grew 3.3% a year. Today its P/BV is 0.9×, lower than 81% of its own last 11 years. This is a one-day reading, taken on 24 August 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Yes Bank business getting better or worse? Yes Bank Ltd's business is giving mixed signals. Growth has been steadily positive, but ROE at 7.9% is below the 12% level needed to call it steady growth. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## What is the Yes Bank story, and has it been checked? Yes Bank Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: MID EXPANSION. Our read, 22 August 2026. Yes Bank has completed balance-sheet repair with gross non-performing assets down to 1.3% and core net interest income driving earnings growth, while return on equity expansion toward 15% depends on execution across Rural Infrastructure Development Fund rundown, low-cost deposit growth, and retail disbursement seasoning. What is proven. Yes Bank has completed balance-sheet repair with gross non-performing assets down to 1.3% and core net interest income driving earnings growth, while return on equity expansion toward 15% depends on execution across Rural Infrastructure Development Fund rundown, low-cost deposit growth, and retail disbursement seasoning. What is not proven yet. Gross slippage rising above 2.0% for two consecutive quarters combined with net interest margin compressing below 2.50%, which would demonstrate that accelerated retail disbursements are deteriorating into credit losses while liability pricing power is eroding. What would change our mind. Gross slippage rising above 2.0% for two consecutive quarters combined with net interest margin compressing below 2.50%, which would demonstrate that accelerated retail disbursements are deteriorating into credit losses while liability pricing power is eroding. The test written in advance. Gross slippage rising above 2.0% for two consecutive quarters combined with net interest margin compressing below 2.50%, which would demonstrate that accelerated retail disbursements are deteriorating into credit losses while liability pricing power is eroding. Measured by: the thesis as written as stated by the next result. The test written in advance. Net Interest Margin Stagnation Under Deposit Competition. Measured by: Net Interest Margin Stagnation Under Deposit Competition Cost of deposits rising above 5.8% or net interest margin dropping below 2.60% for two consecutive quarters. by the next result. The test written in advance. Retail Book Seasoning and Underwriting Quality Test. Measured by: Retail Book Seasoning and Underwriting Quality Test Gross slippage ratio rising above 2.0% or retail slippages exceeding 3.5% in any quarter. by the next result. What the company does. Balance sheet reconstruction is complete: gross NPAs have dropped from above 15% to 1.3%, net NPAs stand at 0.2%, and provision coverage is 81.7%. Earnings quality has shifted from one-off asset reconstruction receipts to core operations, with net interest income rising 17.5% and pre-provision operating profit rising 25.5% in the first quarter of fiscal 2027. The dot is where the company is now; the dashed line is the level that would settle the question; a tinted band is where management says it is heading. What the surface reading misses. The surface reading is: Gross NPA at 1.3% is near cyclical best with limited room for further improvement. The research reads it further: The 1.3% GNPA reflects structural clean-up from above 15% post-reconstruction, driven by ARC sales and improved collection underwriting with PCR at 81.9%. What the surface reading misses. The surface reading is: Asset quality stability confirms clean credit cycle. The research reads it further: Underlying gross slippage improved to 1.4% despite first-quarter seasonality, indicating that fresh credit generation remains controlled. Lever 2 · Value-added mix: building. Cutting savings deposit rates by over 150 basis points while expanding retail deposits to 60% of the mix reduces cost of funds without triggering customer attrition. What proves it keeps working: Liability Repricing and CASA Granularity. It stops working if Systemic deposit liquidity shortages force the bank to re-escalate savings and term deposit interest rates to stem retail deposit outflows. Lever 10 · New geographies: building. SMBC's 24.9% equity stake drives corporate banking synergies, international credit rating upgrades, and foreign currency funding access. What proves it keeps working: SMBC Strategic Alliance and Indo-Japan Corridor. It stops working if Regulatory or geopolitical constraints restrict foreign currency deployment or cross-border syndication volumes between India and Japan. Sources: our stock research file (22 August 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Yes Bank management deliver what it promised? What Yes Bank Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Deprioritized Gold Loans Now Being Reconsidered · 18 July 2026. Management stated in the Jan 2026 call that the bank had deliberately deprioritized gold loans and was not pursuing that segment. In the Jul 2026 call, management indicated they may look at building capabilities for gold loans if the product offers a good opportunity, marking a strategic pivot without any explicit trigger or market development cited to explain the reversal. SR Recovery Guidance Held Despite Lower Actuals and Execution Risk · 18 July 2026. In both Jan 2026 and Jul 2026 calls, management guided for SR recoveries of approximately 800-1,000 crores for the next fiscal year. However, Q1 FY27 actual SR gains were only 86 crores versus 555 crores in Q3 FY26. Management acknowledged that execution is controlled by JC Flowers and that recoveries could be lower, yet the guidance range remains unchanged without a rationale for why confidence in this range is sustained despite a sharp deceleration and acknowledged unpredictability. Retail Product Exclusions Dropped Without Explanation · 18 April 2026. Across both prior calls, management explicitly and repeatedly flagged that they were deliberately avoiding home loans, new car loans, and gold loans as a core pillar of their 'profitable growth' strategy, citing poor risk-adjusted returns given the bank's cost of funds. In the April 2026 call, the new CEO reported 41% Y-o-Y retail disbursement growth in Q4 FY26 and planned a normalized disbursement growth rate of 20-25%, with no mention of these previously emphasized product exclusions, leaving analysts without clarity on whether the product scope and risk appetite have materially changed. Later call (Apr 2026): “Retail disbursals in particular have gained significant momentum, registering 41% year-on-year growth in Q4 FY26... retail disbursement growth rates are quite aggressive as we move fast now given our confidence on asset quality and profitability. The book is slated to grow in double digits next year.”

FY26 Advance Growth Significantly Exceeded Explicit Near-Term Guidance · 18 April 2026. In the January 2026 call, management explicitly guided Q4 FY26 sequential advance growth of 'more than 3%' and directly linked this assumption to a full-year FY26 goal of approximately 8%. The April 2026 call reported full-year FY26 advance growth of 11.1%, approximately 40% above this guided figure, implying Q4 sequential growth of approximately 6.2% (INR 2.57 lakh crores to INR 2.73 lakh crores), more than double the guided quarterly run-rate; the new CEO briefly acknowledged 'accelerating momentum' but offered no substantive explanation for this significant departure from guidance set just one quarter prior. Later call (Apr 2026): “Total advances registered a growth of 11.1% year-on-year to 2.73 lakh crores... between December and March, the sequential momentum is beginning to accelerate. This leads to the reported number of 11% on a Y-o-Y basis for advances growth.”

Every quote above is taken word for word from the company’s own earnings calls. ## What is Yes Bank management's track record? The post-reconstruction team handled balance-sheet stress well, but product reversals and changing guidance keep the record mixed. ### Regulatory and governance record

legacy AT1 and former-promoter cases do not by themselves indict the reconstructed board. 0% Promoter shares pledged

Sources:

- [yes.bank.in](https://www.yes.bank.in/about-us/investor-relations/financial-information/financial-results)
- [angelone.in](https://www.angelone.in/news/stocks/yes-bank-insider-trading-case-majority-of-executives-likely-to-settle-with-sebi)
- [trendlyne.com](https://trendlyne.com/equity/share-holding/1535/YESBANK/latest/yes-bank-ltd)

(Checked 30 August 2026.)

## How much does Yes Bank earn on its equity and assets? Yes Bank Ltd earned a return on equity of 7% in FY26. Its lowest yearly reading on file was −68% in FY20. On its assets, every ₹100 earned about ₹0.89, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That return is below the level a bank needs to grow its net worth quickly, which helps explain why its multiple is where it is. Why ROE moved: profit grew 3.3% a year over 10 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low. ## Does Yes Bank have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. Why this happened. SMBC has a 24.9% stake with two board seats, expanding from an equity spending into an active operational alliance across wholesale banking, supply-chain financing, and the Indo-Japanese trade corridor. FCNR-B mobilization exceeded 1.0 billion USD at 9x leverage capacity. Ratings upgraded to AA- domestic and Ba1/BB+ international, lowering wholesale borrowing spreads. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Yes Bank shareholding pattern? Foreign institutions raised their stake in Yes Bank Ltd by 20.8 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 47.8% of the company. Domestic institutions moved −15.1 points over the same period, to 23.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: foreign institutions moved +20.8 points and domestic institutions −15.1 points over 8 quarters. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Yes Bank from balance-sheet trouble? For Yes Bank Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Yes Bank rank in its industry? 38.5 out of 100, rank 17 of 18 in Banks - Private, with 100% of the evidence available. Yes Bank Ltd scores 38.5 out of 100 against the 18 companies it is compared with in Banks - Private, ranking 17. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 19.1 + 11.2 + 8 + 0.2 = 38.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Yes Bank compared with? Yes Bank ranks 17 of 18 Banks - Private companies on the 4-Factor Sector Score, with 38.5 out of 100. 1. [Karur Vysya Bank Ltd](https://www.sectoralpha.in/stocks/karur-vysya-bank-ltd) KARURVYSYA · leader · Most evidence points up · 100% evidence 77.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Income 15.4% · Profit 40.6% · 100% evidence Capital efficiency 23.3/25 · ROA 2% · ROE 19.1% · GNPA 0.7% · 100% evidence Valuation 9.4/20 · P/BV 2.24× · P/BV÷ROE 0.12 · 100% evidence Relative strength 18.0/20 · Lead over its industry 15% · Lead over NIFTY 500 24.7% · 1 year 46.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 23.3 + 9.4 + 18 = 77.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Tamilnad Mercantile Bank Ltd](https://www.sectoralpha.in/stocks/tamilnad-mercantile-bank-ltd) TMB · losing its lead · Most evidence points up · 100% evidence 74.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.9/35 · Income 18.8% · Profit 30% · 100% evidence Capital efficiency 22.7/25 · ROA 2.1% · ROE 14% · GNPA 0.6% · 100% evidence Valuation 12.7/20 · P/BV 1.18× · P/BV÷ROE 0.08 · 100% evidence Relative strength 12.8/20 · Lead over its industry 11.2% · Lead over NIFTY 500 19.7% · 1 year 60.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 25.9 + 22.7 + 12.7 + 12.8 = 74.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [South Indian Bank Ltd](https://www.sectoralpha.in/stocks/south-indian-bank-ltd) SOUTHBANK · breaking out · Most evidence points up · 93% evidence 65.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Income 10.4% · Profit 16.7% · 100% evidence Capital efficiency 13.3/25 · ROA 1.1% · ROE 13.5% · GNPA n/a · 72% evidence Valuation 12.9/20 · P/BV 1.2× · P/BV÷ROE 0.09 · 100% evidence Relative strength 19.8/20 · Lead over its industry 25% · Lead over NIFTY 500 35.6% · 1 year 51.5% · 100% evidence · 10 of 12 weeks ahead Exact sum: 19 + 13.3 + 12.9 + 19.8 = 65 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [City Union Bank Ltd](https://www.sectoralpha.in/stocks/city-union-bank-ltd) CUB · leader · Evidence leans up · 100% evidence 62.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.7/35 · Income 22.6% · Profit 23.3% · 100% evidence Capital efficiency 16.8/25 · ROA 1.4% · ROE 13.2% · GNPA 1.4% · 100% evidence Valuation 11.1/20 · P/BV 1.89× · P/BV÷ROE 0.14 · 100% evidence Relative strength 12.9/20 · Lead over its industry -0.7% · Lead over NIFTY 500 8.2% · 1 year 24.9% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.7 + 16.8 + 11.1 + 12.9 = 62.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Karnataka Bank Ltd](https://www.sectoralpha.in/stocks/karnataka-bank-ltd) KTKBANK · leader · Evidence leans up · 100% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Income 4.7% · Profit 35.4% · 100% evidence Capital efficiency 11.7/25 · ROA 1.1% · ROE 10.4% · GNPA 2.3% · 100% evidence Valuation 14.0/20 · P/BV 0.81× · P/BV÷ROE 0.08 · 100% evidence Relative strength 15.8/20 · Lead over its industry 14.9% · Lead over NIFTY 500 23.3% · 1 year 67.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.9 + 11.7 + 14 + 15.8 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Dhanlaxmi Bank Ltd](https://www.sectoralpha.in/stocks/dhanlaxmi-bank-ltd) DHANBANK · turning · Evidence leans up · 100% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.9/35 · Income 23.1% · Profit 67.9% · 100% evidence Capital efficiency 7.3/25 · ROA 0.5% · ROE 7.2% · GNPA 1.8% · 100% evidence Valuation 7.8/20 · P/BV 0.8× · P/BV÷ROE 0.11 · 100% evidence Relative strength 14.8/20 · Lead over its industry 5.2% · Lead over NIFTY 500 13.8% · 1 year 18.1% · 100% evidence · 3 of 12 weeks ahead Exact sum: 30.9 + 7.3 + 7.8 + 14.8 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [DCB Bank Ltd](https://www.sectoralpha.in/stocks/dcb-bank-ltd) DCBBANK · breaking out · Evidence leans up · 100% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/35 · Income 10.7% · Profit 25.6% · 100% evidence Capital efficiency 11.1/25 · ROA 0.9% · ROE 12% · GNPA 2.3% · 100% evidence Valuation 16.9/20 · P/BV 0.9× · P/BV÷ROE 0.07 · 100% evidence Relative strength 11.0/20 · Lead over its industry -0.9% · Lead over NIFTY 500 7.8% · 1 year 21.9% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.5 + 11.1 + 16.9 + 11 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [ICICI Bank Ltd](https://www.sectoralpha.in/stocks/icici-bank-ltd) ICICIBANK · turning · Evidence leans up · 79% evidence 53.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.2/35 · Income 7% · Profit 10.3% · 62% evidence Capital efficiency 19.8/25 · ROA 2.1% · ROE 15.9% · GNPA n/a · 68% evidence Valuation 9.2/20 · P/BV 2.59× · P/BV÷ROE 0.16 · 100% evidence Relative strength 13.4/20 · Lead over its industry -0.8% · Lead over NIFTY 500 8.3% · 1 year 3.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 11.2 + 19.8 + 9.2 + 13.4 = 53.6 · What this means: Relative strength against the index is 8.3%, and revenue and profit growth are weak. 9. [IDFC First Bank Ltd](https://www.sectoralpha.in/stocks/idfc-first-bank-ltd) IDFCFIRSTB · quiet · Evidence leans up · 73% evidence 52.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.4/35 · Income 14.6% · Profit 100% · 86% evidence Capital efficiency 9.5/25 · ROA 1.1% · ROE 3.8% · GNPA n/a · 72% evidence Valuation 3.7/20 · P/BV 1.26× · P/BV÷ROE 0.34 · 100% evidence Relative strength 8.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.9% · 1 year -12.1% · 25% evidence · 8 of 12 weeks ahead Exact sum: 30.4 + 9.5 + 3.7 + 8.8 = 52.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Kotak Mahindra Bank Ltd](https://www.sectoralpha.in/stocks/kotak-mahindra-bank-ltd) KOTAKBANK · breaking out · Evidence leans up · 93% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.3/35 · Income 8.4% · Profit 15.6% · 100% evidence Capital efficiency 15.9/25 · ROA 1.9% · ROE 11.4% · GNPA n/a · 72% evidence Valuation 7.3/20 · P/BV 2.36× · P/BV÷ROE 0.21 · 100% evidence Relative strength 17.4/20 · Lead over its industry 9.1% · Lead over NIFTY 500 19.3% · 1 year 9.8% · 100% evidence · 9 of 12 weeks ahead Exact sum: 11.3 + 15.9 + 7.3 + 17.4 = 51.9 · What this means: Relative strength against the index is 19.3%, and revenue and profit growth are weak. 11. [Axis Bank Ltd](https://www.sectoralpha.in/stocks/axis-bank-ltd) AXISBANK · turning · Evidence leans up · 93% evidence 51.5 out of 100 Growth Capital Valuation Relative
12. [Federal Bank Ltd](https://www.sectoralpha.in/stocks/federal-bank-ltd) FEDERALBNK · turning · Evidence leans up · 84% evidence 51.3 out of 100 Growth Capital Valuation Relative
13. [HDFC Bank Ltd](https://www.sectoralpha.in/stocks/hdfc-bank-ltd) HDFCBANK · turning · Evidence leans down · 84% evidence 47.0 out of 100 Growth Capital Valuation Relative
14. [RBL Bank Ltd](https://www.sectoralpha.in/stocks/rbl-bank-ltd) RBLBANK · losing its lead · Evidence leans down · 88% evidence 42.9 out of 100 Growth Capital Valuation Relative
15. [Bandhan Bank Ltd](https://www.sectoralpha.in/stocks/bandhan-bank-ltd) BANDHANBNK · quiet · Evidence leans down · 100% evidence 40.1 out of 100 Growth Capital Valuation Relative
16. [Jammu and Kashmir Bank Ltd](https://www.sectoralpha.in/stocks/jammu-and-kashmir-bank-ltd) J&KBANK · quiet · Evidence leans down · 88% evidence 39.2 out of 100 Growth Capital Valuation Relative
17. Yes Bank Ltd this page YESBANK · quiet · Evidence leans down · 100% evidence 38.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Income 4.8% · Profit 47.9% · 100% evidence Capital efficiency 11.2/25 · ROA 0.9% · ROE 7.1% · GNPA 1.2% · 100% evidence Valuation 8.0/20 · P/BV 0.89× · P/BV÷ROE 0.13 · 100% evidence Relative strength 0.2/20 · Lead over its industry -32.4% · Lead over NIFTY 500 -26.2% · 1 year -33.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.1 + 11.2 + 8 + 0.2 = 38.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 18. [IndusInd Bank Ltd](https://www.sectoralpha.in/stocks/indusind-bank-ltd) INDUSINDBK · quiet · Most evidence points down · 89% evidence 28.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Banks - Private](https://www.sectoralpha.in/sectors/banks-private), all 18 compared on one page. ## Which companies are close to Yes Bank in size? Yes Bank is the 9th largest of 18 Banks - Private companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: IndusInd Bank, IDFC First Bank and RBL Bank. Just below it: Karur Vysya Bank, Bandhan Bank and City Union Bank. ### Banks - Private companies close in size

1. [IndusInd Bank Ltd](https://www.sectoralpha.in/stocks/indusind-bank-ltd) ₹65,292 crore
2. [IDFC First Bank Ltd](https://www.sectoralpha.in/stocks/idfc-first-bank-ltd) ₹62,099 crore
3. [RBL Bank Ltd](https://www.sectoralpha.in/stocks/rbl-bank-ltd) ₹54,504 crore
4. Yes Bank Ltd ₹47,555 crore
5. [Karur Vysya Bank Ltd](https://www.sectoralpha.in/stocks/karur-vysya-bank-ltd) ₹34,419 crore
6. [Bandhan Bank Ltd](https://www.sectoralpha.in/stocks/bandhan-bank-ltd) ₹24,865 crore
7. [City Union Bank Ltd](https://www.sectoralpha.in/stocks/city-union-bank-ltd) ₹21,223 crore

[All 18 Banks - Private companies, largest first](https://www.sectoralpha.in/sectors/banks-private#all-companies)

### Companies close in size in other industries

1. [Linde India Ltd](https://www.sectoralpha.in/stocks/linde-india-ltd) ₹48,196 crore · Industrial Gas
2. [Tata Communications Ltd](https://www.sectoralpha.in/stocks/tata-communications-ltd) ₹47,763 crore · Telecom Services
3. Yes Bank Ltd ₹47,555 crore
4. [Godrej Properties Ltd](https://www.sectoralpha.in/stocks/godrej-properties-ltd) ₹47,232 crore · Realty - National
5. [Aditya Infotech Ltd](https://www.sectoralpha.in/stocks/aditya-infotech-ltd) ₹46,739 crore · CCTV Camera

## What else do people ask about Yes Bank? ### What is Yes Bank's share price today? Yes Bank Ltd's share price is ₹15.73, −31.2% over the past year. The whole company is worth ₹49,213 Cr on the market. In the last 52 weeks it traded between ₹15 to ₹25; today it is 6% of the way up from the low, 26.4% below its 200-day average (as of 4 November 2026). ### What were Yes Bank's latest quarterly results? Yes Bank Ltd reported total income of ₹8,650 Cr and net profit of ₹1,084 Cr for the Sep 2026 quarter. Income rose 17.1% and profit rose 63.3% compared with a year earlier. Earnings per share were ₹0.35. The net margin was 12.5%, 3.5 percentage points higher than a year earlier (as of 4 November 2026). ### What is Yes Bank's market cap? Yes Bank Ltd's market capitalisation is ₹49,213 Cr at a share price of ₹15.73. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Yes Bank performing? Yes Bank Ltd's share price has been falling for 2 weeks. In its latest quarter, income rose 17.1% and profit rose 63.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 17 weeks running (as of 4 November 2026). ### Will Yes Bank's share price go up? This page does not forecast Yes Bank Ltd's share price. What it shows instead: the share price is ₹15.73, and it has been falling for 2 weeks. Its P/BV of 0.9× is higher than 19% of its own last 11 years (as of 4 November 2026). ### Where is Yes Bank in its business cycle? Yes Bank Ltd's FY26 net margin was 11.6%, against a 13-year range of −63.1% to 20.9%: the middle of its own range, neither a peak nor a low. The latest quarter was 12.5%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Yes Bank story? The main question: yearly earnings per share moved +43.6% while the share price moved −31.2%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Yes Bank a stock worth studying right now? What the numbers show: Yes Bank Ltd's earnings have grown faster than its share price. Earnings per share grew +43.6% in a year while the price moved −31.2%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Yes Bank share price forecast for 2026? What management itself guided: FY27 RoA of 1% for the full year; some reliance on non-core Security Receipts gains. One change in Yes Bank's own numbers looks lasting: higher-value products and a better mix. Also showing up, but too early to call lasting: costs spread over more sales and fewer bad loans. What would change the story: Gross slippage rising above 2.0% for two consecutive quarters combined with net interest margin compressing below 2.50%, which would demonstrate that accelerated retail disbursements are deteriorating into credit losses while liability pricing power is eroding. ### Where does this page get Yes Bank's management information? From Yes Bank's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Undervalued stocks: https://www.sectoralpha.in/markets/in/deep-value-stocks
- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Penny stocks: https://www.sectoralpha.in/penny-stocks-india
- Bank stocks: https://www.sectoralpha.in/sectors/bank-stocks-india

This is research, not advice. We’re not SEBI-registered.