Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Sep - Newspaper publication regarding special window for transfer and dematerialisation of physical shares of YES Bank Limited
Source: Bse
Yes Bank Limited (YESBANK)
Mid CapFinancial Services stocks · Mid cap · NSE
Yes Bank Limited is a leading new generation private sector bank in India, offering corporate and institutional banking, retail banking, MSME, transaction banking, and treasury services. It operates a vast network of over 1,300 branches and digital channels across the country.
Data qualityFresh enough for analysisQuote updated 22 Oct, 05:50 pm ISTDetails
Quote22 Oct, 05:50 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result18 Jul, 07:11 pm IST
Score22 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
33Bearishfull bear SMA stack · SMA20 -11.1% / mo · RSI oversold · MACD − · near 52W low
Stock trend: 22
Sector RS: 49
Sector 3M: -5.1% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
YESBANKD candles · FIT view-19.6%Latest close ₹16.05 on 2026-10-22
Bar
-2.1%
RSI
18
MACD hist
-0.49
52W pos
0%
2026-10-22O ₹16.40H ₹16.52L ₹16.05C ₹16.05Vol 13.4Cr sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
YESBANKNifty Financial ServicesNifty 500
- YESBANK
- -30.9%
- Nifty 500
- -6.2%
- Nifty Financial Services
- -5.8%
- Vs Nifty 500
- -24.7 pp
Chart stats
22 Oct 2026- From 52W high
- -37.7%
- 52W range position
- 0%
- ATR (14)
- 4.8%
- Volume vs 20D
- 1.02x
- Avg traded value
- ₹257 Cr
- 20D price channel
- ₹16 - ₹23.4
₹25.8
₹16 - ₹25.8
₹0.8
Latest completed session
20-session average
61.5% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE55
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good55
Revenue +5.9% · PAT +32.5% YoY
Technical
Bearish33
Price trend and sector-relative-strength timing.
Valuation
Legacy model+47.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence68
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 55/100Rev +6% YoY · PAT +33% YoY · +5% QoQ · operating leverage
Filed 18 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹8,054 Cr | +5.9% | +5.1% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹1,072 Cr | +32.5% | -0.9% |
| PAT margin | 13.3% | +267 bps | -81 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 14.60
- P/B
- 1.05
- EV/EBITDA
- —
- Market Cap
- 55152.00Cr
Profitability
- ROE
- 7.10%
- ROCE
- 5.98%
- ROA
- 0.80%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 9.00%
- EPS 5Y
- 25.00%
- Revenue 3Y
- 10.00%
- EPS 3Y
- 69.00%
Balance Sheet
- Debt/Equity
- 0.20
- Interest Coverage
- —
- Altman Z
- 1.43
- Book Value
- 16.70
Cash Flow
- FCF Yield
- 29.49%
- FCF Positive Y
- 4/5
- OCF
- 21217.00 Cr
- EPS TTM
- 1.19
Shareholding
- Promoter Hold
- —
- Promoter Pledge
- 0.00%
- Momentum 52W
- 7%
Financial History
Updated 22/10/2026
Revenue
₹ CrLatest: 8,054+5.1% vs prev
Net Profit
₹ CrLatest: 1,072-0.9% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 18.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- Recent death cross (SMA50 crossed below SMA200).
- SMA20 falling (~12.5% over last month) — short-term momentum negative.
- RSI(14) at 18 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
14
RS percentile
Stage 1 Base / Transition
1M return
-29.2%
3M return
-29.1%
6M return
-18.1%
1Y return
-27.7%
RS 1D
-2
RS 20D
-50
Sector rank
#10
Industry rank
#8
Stage evidence
- Price is 25.0% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +0.5% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 81.21-1.88%
RS vs Nifty 50081
Valuation & peers
U-Score 55 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 55 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · FAIR VALUEValuation19/30
Growth21/25
Quality0/20
Balance Sheet2/15
Cash Flow9/10
Piotroski
5/9 (+3)
Penalties
1
Raw sum
55
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
55/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 29.5%.
- Fair-value margin of safety is positive at 47.1%.
- Cash flow contributes 9/10 to the score.
Main drags
- Altman Z is 1.4, in distress territory.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Balance sheet is weaker at 2/15; verify the latest quarterly trend.
Sector valuation model
Bank valuation: P/B adjusted for ROE and asset quality
Banks are balance-sheet businesses, so book value quality matters more than simple earnings multiples.
Primary lens
Price/book and ROE/ROA, not trailing PE alone.
Secondary checks
Capital adequacy, credit cost, NPA trend, deposit franchise.
Main risk check
Low P/B can be a trap if asset quality or credit cost is worsening.
PE
14.6
PB
1.1
EV/EBITDA
—
ROE
7.1%
ROCE
6.0%
FCF Yield
29.5%
Debt/Equity
0.2
MoS
+47.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 22 Oct 2026
v4.3-runtime-valuation
Final score
55
Previous: 55
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+47.1%
Previous: +45.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
22 Oct 2026
v4.3-runtime-valuation
47
47
47
46
52
53
54
54
54
55
55
55
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹21.15
+24.1% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹30.35
+47.1% MoS
PEG
0.37
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
IDFCFIRSTB
Mid
IDFC First Bank Limited
Banking
match 163
25
29.6
3.8%
-7%
OVERVALUED
FEDERALBNK
Mid
The Federal Bank Limited
Banking
match 161
36
17.7
11.6%
+29%
WATCHLIST
RBLBANK
Small
RBL Bank Limited
Banking
match 159
26
48.7
5.4%
+5%
OVERVALUED
KARURVYSYA
Small
Karur Vysya Bank Limited
Banking
match 158
51
11.6
19.1%
+54%
FAIR VALUE
INDUSINDBK
Large
IndusInd Bank Limited
Banking
match 156
10
50.0
1.4%
-2086%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-22T06:11:16.108Z
Management commentary snapshot
Q2FY27 Net Profit surged 65% YoY to INR 1,080 Cr backed by strong operating income growth, stable asset quality, and robust retail deposit mobilization, though AT-1 bond litigation outcome remains pending.
Core operational indicators demonstrate steady improvement with loan growth, stable credit costs, and strong institutional sponsorship from SMBC. While the Supreme Court upheld the write-down of AT-1 bonds, the bank has not yet recognized any P&L or capital impact in Q2FY27, keeping the core fundamental thesis resilient for now pending final evaluation.
Current business mix
Advances Mix by Segment
Latest issuer-disclosed distribution across 3 reported categories.
Retail Banking45.0%
Commercial Banking25.0%
Corporate & Institutional Banking30.0%
Growth engines
Retail Assets Disbursement
POSITIVERetail assets disbursements grew by 35.0% YoY in Q2FY27, supporting overall credit momentum.
Commercial Banking Advances
POSITIVECommercial Banking Advances registered a strong growth of 20.2% YoY and 7.6% QoQ to INR 75,043 Cr.
Core Fee Income
POSITIVECore Fees for Q2FY27 reached INR 1,726 Cr, marking a growth of 15.5% YoY and 14.6% QoQ.
Capacity and execution
Branch Network Expansion
POSITIVENetwork footprint expanded to 1,336 branches and 249 BCBO outlets as of Q2FY27.
Tailwinds
Institutional Sponsorship
POSITIVESumitomo Mitsui Banking Corporation (SMBC) holds a 24.9% stake, bringing global corporate expertise and financial backing.
Credit Rating Upgrades
POSITIVECRISIL and India Ratings upgraded long-term ratings to 'CRISIL AA+ (Stable)' and 'IND AA+ (Stable)' respectively.
Headwinds
Cost Inflation
NEUTRALOperating expenses increased by 14.2% YoY driven by manpower costs, IT expenses, and wage code revisions.
Risk radar
Supreme Court AT-1 Bond Judgment
UNDER_STRESSSupreme Court upheld the write-down of AT-1 bonds aggregating INR 8,415 Cr; potential pro forma impact includes CET-1 dropping to 11.4%.
Priority Sector Lending (PSL) Requirements
NEUTRALPSL shortfall deposits stood at INR 25,844 Cr, representing 5.0% of Total Assets.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
Both YoY and QoQ comparisons are vital to evaluate sequential balance sheet momentum, deposit mobilization via FCNR(B) and seasonal trends alongside broader annual expansion.
Sector KPIs management disclosed
AUM / Advances Growth
POSITIVENet Advances stood at INR 3,09,510 Cr, up 23.7% YoY and 8.6% QoQ (17.6% YoY and 3.2% QoQ excluding FCTL).
Net Interest Margin (NIM)
STABLENIM for Q2FY27 stood at 2.6% compared to 2.5% in Q2FY26 and 2.7% in Q1FY27.
Gross Non-Performing Assets (GNPA)
POSITIVEGNPA ratio improved to 1.2% in Q2FY27 compared to 1.6% in Q2FY26 and 1.3% in Q1FY27.
Net Non-Performing Assets (NNPA)
POSITIVENNPA ratio stood at 0.2% in Q2FY27 compared to 0.3% in Q2FY26 and 0.2% in Q1FY27.
Management forward view
Franchise Growth Focus
POSITIVEManagement remains focused on sustaining franchise strength, expanding core operating income, and improving asset quality.
AT-1 Bond Evaluation
NEUTRALManagement is evaluating the judgment details and consequential regulatory and accounting implications of the AT-1 bond ruling.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| CET-1 Ratio | 13.7% (11.4% pro forma) | Final capital adjustments post AT-1 bond judgment implementation. |
| Credit Costs | 0.3% of Average Assets | Sustained stability in retail and unsecured slippages. |
| CASA Ratio | 30.0% | Trajectory of granular deposit mobilization against wholesale borrowings. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
68Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 56th percentile of the scored universe and 69th percentile within Financial Services. Main check: financial discipline is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 22 Oct 2026
management-trust-v1
118 docs text-extracted · 30 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
56th percentile
overall median 67 · Financial Services: 69th pctile, median 62 · Mid: 29th pctile, median 76
Evidence depth
Financial-only
118 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
55
watch · leverage and solvency
Discipline
40
weak · capital discipline
Results
75
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 29.5%.
- ▸4 years of positive FCF.
- ▸4/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Altman Z is 1.43.
- ▸ROCE is low at 6%.
- ▸ROE is low at 7.1%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Yes Bank Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 21 Sep - Intimation of allotment of equity shares pursuant to exercise of stock options under YBL ESOS 2020 Scheme and YBL RSU Plan 2024
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Sep - YES BANK to attend Citi India Financials Investor Forum virtually from September 21-25, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 9 Sep - Intimation of allotment of equity shares pursuant to exercise of stock options under YBL ESOS 2020 Scheme and YBL RSU Plan 2024
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Aug
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 14 Aug - India Ratings upgrades Yes Bank issuer and bond ratings to IND AA+/Stable from IND AA-.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 10 Aug - Intimation of allotment of equity shares pursuant to exercise of stock options under YBL ESOS 2020 Scheme and YBL RSU Plan 2024
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 13 Jul - Intimation of allotment of equity shares pursuant to exercise of stock options under YBL ESOS 2020 Scheme and YBL RSU Plan 2024
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 9 Jul - ICRA upgraded YES Bank infrastructure and Tier II bonds to AA/Stable; reaffirmed Tier I D.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 9 Jul - S&P assigned Yes Bank first issuer ratings BB+/B with stable outlook.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 30 Jun - CareEdge upgraded ₹4,670 crore infrastructure bonds and ₹8,900 crore Tier II bonds to CARE AA+; CD reaffirmed at A1+.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.