Sumitomo Mitsui Banking Corporation (SMBC) has increased its stake in the lender to 24.22% following an off-market transaction. Over the last five years, Yes Bank has shown a clear turnaround trajectory, with revenue steadily increasing from ₹23,146 Cr in 2021 to ₹37,076 Cr in 2025. After reporting losses in 2021, the bank returned to profitability from 2022 and strengthened earnings each year thereafter.
Cyborg Score Rationale
Yes Bank reported a strong net profit of INR952 crore for Q3 FY26, marking a 55% year-over-year growth, with annualized Return on Assets improving to 0.9% and a target of achieving 1% ROA by end of FY26. However, it remains a work-in-progress with high operating costs and low returns. The bank needs 3–5 years of clean execution to regain full investor confidence.
Top Insights
Asset quality improved significantly, with gross NPAs reducing to 1.5% and a provision coverage ratio increasing to 83.3%.
Yes Bank maintained a strong focus on cost optimization, resulting in one of the lowest operating expense growth rates among peers.
Yes Bank reported 92.30% YoY profit growth in FY2025, driven by lower provisioning and stable interest income.
Yes Bank's financial metrics in 2026 reflect a bank that is stabilizing after a prolonged restructuring phase. The moderate P/E ratio indicates improving earnings visibility, while the ROE suggests gradual progress toward sustainable profitability.
Named Competitors
HDFC Bank — Leading retail and digital banking
ICICI Bank — Large-cap private bank with corporate focus
Axis Bank — Mid-sized private sector bank
Kotak Mahindra Bank — Niche private banking focused on wealth management
Recent Developments
(February 2026) Yes Bank held analyst and investor meetings at Advantage India conference and Goldman Sachs Asia Financials Corporate Day
(January 2026) Yes Bank Board of Directors meeting scheduled
(Q3 FY26) Net profit of INR952 crore with 55% YoY growth; Retail businesses achieved breakeven; 76 branches added in first nine months of FY26
Open the full interactive Yes Bank Limited report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.