Yes Bank Ltd

The agency has also upgraded the bank's baseline credit assessment (BCA) to 'ba3' from 'b1'. It has changed the rating outlooks to 'stable' from 'positive'. Moody's Ratings said that the upgrade of Yes Bank's ratings and BCA is driven by a gradual improvement in the bank's credit profile including its capital and loan loss reserves which will provide sufficient buffers against the bank's unseasoned asset risks and improving yet modest profitability and funding. Yes Bank's Ba2 deposit ratings are one notch above its ba3 BCA based on our expectation of a moderate likelihood of support from the Government of India (Baa3 stable) in times of need. The bank's gross non-performing loan (NPL) ratio declined to 1.6% as of March 2025 from 13.9% in March 2022. Reported provision coverage as a proportion of NPL increased to 80% from 71% during this period. Despite these improvements, Yes Bank's asset quality remains exposed to unseasoned risks associated with the rapid expansion in its retail and small & medium enterprise portfolios, its increased focus into higher-risk retail segments, and reliance on third-party sourcing channels. The bank's Common Equity Tier-1 (CET-1) capital ratio on a standalone basis improved to 13.5% as of the end of March 2025 from 12.2% a year earlier following the exercise of equity share warrants during the year. In May 2025 Sumitomo Mitsui Banking Corporation (SMBC) announced that it will acquire a 20% stake in Yes Bank from existing shareholders. The planned acquisition is credit positive for Yes Bank because it brings in a long-term strategic partner, with a strong balance sheet and funding capacity to support its growth. However, with a 20% stake, we expect that SMBC's influence will be limited and consequently we do not plan to factor in affiliate support in the bank's rating after completion of the transaction. The bank's efforts to reduce deposit costs and increasing lending to higher yielding, albeit higher-risk retail and small and medium enterprise segments and will help maintain its net interest margins despite the significant decline in policy rates in India over the past few months. Continued improvement in the bank's ability to meet the central bank's priority sector lending norms will also support its profitability. Yes Bank's profitability is weaker than Indian peers we rate and remains the banks' key credit challenge. The bank's funding has gradually improved with higher share of low cost current and savings deposits and retail term deposits which increased to 51% of its total deposits at the end of March 2025 from 41% as of the end of March 2021. Yes Bank is private sector bank that is headquartered in Mumbai. The bank had reported consolidated assets of Rs 4,24,100 crore as of 31 March 2025. The scrip rose 0.20% to currently trade at Rs 20.20 on the BSE. Powered by Capital Market - Live

The RBI has extended the tenure of Prashant Kumar for a period of six months with effect from 06 October 2025 or till the appointment of new managing director and CEO/successor taking charge, whichever is earlier. Yes Bank, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to retail, MSME, and corporate clients. In Q4 FY25, Yes Bank reported a 63.34% jump in standalone net profit to Rs 738.12 crore, while total income rose 3.76% YoY to Rs 9,355.39 crore. The scrip shed 0.88% to currently trade at Rs 20.24 on the BSE. Powered by Capital Market - Live

The capital raise will be split into Rs 7,500 crore via equity and Rs 8,500 crore through debt instruments. Both components will be issued in tranches and across domestic and international markets. The equity issuance will not exceed 10% dilution, factoring in any convertible debt as well. To support the definitive agreement signed with Sumitomo Mitsui Banking Corporation (SMBC) on 9 May 2025, the board also cleared amendments to the Articles of Association. On 9 May 2025, SMBC signed a definitive agreement to buy a 20% stake in Yes Bank via secondary market transactions: 13.19% from SBI and 6.81% from a consortium of investor banks that includes Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank. SMBC, the banking arm of Sumitomo Mitsui Financial Group, is a major global financial player with a strong presence across Asia. As of March 2025, SBI holds the largest stake in Yes Bank at 23.97%, followed by smaller stakes from HDFC Bank (2.75%), ICICI Bank (2.39%), Kotak Mahindra Bank (1.21%), Axis (1.01%), IDFC First Bank (0.92%), Federal Bank (0.76%), and Bandhan Bank (0.70%). Post SMBC deal, SBI's shareholding will reduce to 10.78%. SBI and the investor banks stepped in to rescue Yes Bank under a government-backed reconstruction plan in March 2020. Yes Bank, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to retail, MSME, and corporate clients. In Q4 FY25, Yes Bank reported a 63.34% jump in standalone net profit to Rs 738.12 crore, while total income rose 3.76% YoY to Rs 9,355.39 crore. Powered by Capital Market - Live

The domestic equity indices traded with minor gains in early trade, as investors showed optimism ahead of the upcoming RBI policy meeting. However, market participants will closely track domestic economic indicators, brent crude oil prices and global trade development. The Nifty traded near the 24,600 level. At 09:25 IST, the barometer index, the S&P BSE Sensex, advanced 142.18 points or 0.18% to 80,891.25. The Nifty 50 index added 51.40 points or 0.21% to 24,597.40. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.51% and the S&P BSE Small-Cap index added 0.53%. The market breadth was strong. On the BSE, 1,814 shares rose and 952 shares fell. A total of 147 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth 2,853.83 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,907.97 crore in the Indian equity market on 3 June 2025, provisional data showed. Numbers to Track: The yield on India's 10-year benchmark federal paper fell 0.03% to 6.204 from previous close of 6.206. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.8400 compared with its close of 85.6125 during the previous trading session. MCX Gold futures for 5 August 2025 settlement rose 0.32% to Rs 97,530. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.06% to 99.31. The United States 10-year bond yield fell 0.29% to 4.449. In the commodities market, Brent crude for August 2025 settlement shed 20 cents or 0.30% to $65.43 a barrel. Stocks in Spotlight: Yes Bank rose 0.77%. The company's board approved raising Rs 16,000 crore through equity and debt securities in one or more tranches. The bank will raise Rs 7,500 crore through equity and Rs 8,500 crore through debt securities. Zydus Lifesciences added 0.94%. The company's wholly owned subsidiary, Zynext Ventures, has entered into share purchase agreement with Aegnus, USA to acquire 5.9% stake for a total consideration of $16 million. Ashok Leyland rose 0.38%. The company received order worth Rs 184 crore from Tamil Nadu State Transport Corporation to supply 543 nos. BSVI diesel chassis and fully built buses. Global Markets: Most Asian shares climbed following a tech-led rally on Wall Street, with Nvidia once again in the spotlight. South Korean stocks led the charge after opposition leader Lee Jae-myung won the presidential election. The Kospi surged over 2%, hitting its highest level since August 2024, as markets cheered expectations of bold fiscal stimulus and a more pragmatic stance on international trade. Over in Australia, GDP growth came in at 1.3% year-on-year for Q1 2025. It's the same pace as the previous quarter, signaling steady but subdued momentum. In the US, all three major indices closed higher. The S&P 500 rose 0.58%, the Dow added 0.51%, and the Nasdaq outperformed with a 0.81% gain. Nvidia shares jumped more than 2% as investors continued to digest last week's blockbuster earnings. On the policy front, President Trump signed off on higher tariffs, doubling duties on steel and aluminum imports to 50%. He cited the move as a step to deter dumping and strengthen US producers. Notably, the UK was granted an exemption, sticking to the previous 25% rate under a trade deal signed in May. Labor market data also impressed. The latest JOLTS report showed job openings at 7.39 million, topping estimates of 7.11 million and up from 7.2 million in the previous month. All eyes now turn to Friday's non-farm payrolls for the next big clue on the Fed's rate path.Powered by Capital Market - Live

Securities in F&O Ban: Manappuram Finance shares are banned from F&O trading on 4 June 2025. Stocks to Watch: Yes Bank's board approved raising Rs 16,000 crore through equity and debt securities in one or more tranches. The bank will raise Rs 7,500 crore through equity and Rs 8,500 crore through debt securities. Zydus Lifesciences' wholly owned subsdiary, Zynext Ventures, has entered into share purchase agreement with Aegnus, USA to acquire 5.9% stake for a total consideration of $16 million. Ashok Leyland received order worth Rs 184 crore from Tamil Nadu State Transport Corporation to supply 543 nos. BSVI diesel chassis and fully built buses. Servotech Renewable Power received a significant order for a 7.8 MW grid-connected solar rooftop project by the Rangiya Division of the Northeast Frontier Railway. The order, valued at Rs. 336 Million, also includes a comprehensive 5-year Annual Maintenance Contract (AMC)/Comprehensive Annual Maintenance Contract (CAMC) for various buildings within the Rangiya Division. Wipro has bagged a multiyear deal with Entrust, a global leader in identity-centric security solutions, where it will provide strategic resources, scale, and agility to help Entrust accelerate its growth. R Systems International announced strategic partnership with Mavvrik, a leader in AI cost governance, to help enterprises gain visibility and precise financial control over rapidly escalating AI, cloud, and hybrid infrastructure investments.Powered by Capital Market - Live

Aptus Value Housing Finance India Ltd, Avanti Feeds Ltd, H.G. Infra Engineering Ltd and Reliance Power Ltd are among the other losers in the BSE's 'A' group today, 03 June 2025.Yes Bank Ltd lost 9.93% to Rs 20.96 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 5285.4 lakh shares were traded on the counter so far as against the average daily volumes of 214.11 lakh shares in the past one month.Aptus Value Housing Finance India Ltd tumbled 8.50% to Rs 309.95. The stock was the second biggest loser in 'A' group.On the BSE, 152.53 lakh shares were traded on the counter so far as against the average daily volumes of 31013 shares in the past one month.Avanti Feeds Ltd crashed 5.15% to Rs 782.9. The stock was the third biggest loser in 'A' group.On the BSE, 1.09 lakh shares were traded on the counter so far as against the average daily volumes of 35964 shares in the past one month.H.G. Infra Engineering Ltd pared 4.72% to Rs 1077.75. The stock was the fourth biggest loser in 'A' group.On the BSE, 7356 shares were traded on the counter so far as against the average daily volumes of 10222 shares in the past one month.Reliance Power Ltd fell 4.39% to Rs 59.3. The stock was the fifth biggest loser in 'A' group.On the BSE, 227.06 lakh shares were traded on the counter so far as against the average daily volumes of 178.32 lakh shares in the past one month.Powered by Capital Market - Live

In its 28 May exchange filing, the bank said the board will consider raising funds via equity shares, debt securities, or other eligible instruments -- either convertible or non-convertible -- through routes like private placement, preferential issue, or any other approved method. Adding to the buzz, media reports indicate that Japan's Sumitomo Mitsui Banking Corporation (SMBC) is gearing up to seek the Reserve Bank of India (RBI)'s nod for a wholly-owned subsidiary in India. This step is widely seen as part of SMBC's strategy to eventually acquire a controlling stake in Yes Bank. On 9 May 2025, SMBC signed a definitive agreement to buy a 20% stake in Yes Bank via secondary market transactions: 13.19% from SBI and 6.81% from a consortium of investor banks that includes Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank. SMBC, the banking arm of Sumitomo Mitsui Financial Group, is a major global financial player with a strong presence across Asia. As of March 2025, SBI holds the largest stake in Yes Bank at 23.97%, followed by smaller stakes from HDFC Bank (2.75%), ICICI Bank (2.39%), Kotak Mahindra Bank (1.21%), Axis (1.01%), IDFC First Bank (0.92%), Federal Bank (0.76%), and Bandhan Bank (0.70%). Post SMBC deal, SBI's shareholding will reduce to 10.78%. SBI and the investor banks stepped in to rescue Yes Bank under a government-backed reconstruction plan in March 2020. Yes Bank, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to retail, MSME, and corporate clients. In Q4 FY25, Yes Bank reported a 63.34% jump in standalone net profit to Rs 738.12 crore, while total income rose 3.76% YoY to Rs 9,355.39 crore. Powered by Capital Market - Live

Yes Bank will hold a meeting of the Board of Directors of the Company on 3 June 2025.Powered by Capital Market - Live

Yes Bank has allotted 46,61,942 equity shares under ESOP on 21 May 2025. Consequent to the allotment, the paid-up share capital of the Bank stands increased from Rs. 62,71,23,51,940/- consisting of equity shares 31,35,61,75,970 of Rs. 2/- each to Rs. 62,72,16,75,824/- consisting of 31,36,08,37,912 equity shares of Rs. 2/- each. Powered by Capital Market - Live

SMBC signed a definitive agreement on May 9, 2025, to purchase the stake through a secondary deal: 13.19% from State Bank of India (SBI) and 6.81% collectively from a consortium of Investor Banks'Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank. This transaction comes five years after SBI and the investor banks stepped in to rescue Yes Bank under a government-backed reconstruction plan in March 2020. SBI's Executive Committee of the Central Board (ECCB) approved the sale of 413.44 crore shares at Rs 21.50 per share, fetching Rs 8,888.97 crore for the public sector lender. Once the transaction closes'expected within 12 months, subject to regulatory approvals'SMBC will emerge as Yes Bank's largest shareholder. As of March 2025, SBI holds the largest stake in Yes Bank at 23.97%, followed by smaller stakes from HDFC Bank (2.75%), ICICI Bank (2.39%), Kotak Mahindra Bank (1.21%), Axis (1.01%), IDFC First Bank (0.92%), Federal Bank (0.76%), and Bandhan Bank (0.70%). Post-deal, SBI's shareholding will reduce to 10.78%. SMBC, a core banking arm of Sumitomo Mitsui Financial Group (SMFG), is a leading global financial institution with a strong presence across Asia. Yes Bank, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to retail, MSME, and corporate clients. Yes Bank reported 63.34% surge in standalone net profit to Rs 738.12 crore in Q4 FY25 as against Rs 451.89 crore in Q4 FY24. Total income rose 3.76% YoY to Rs 9,355.39 crore in the quarter ended 31 March 2025. Net Interest Income (NII) for Q4 FY25 stood at Rs 2,276 crore, registering a year-on-year (YoY) growth of 5.71%. Meanwhile, the net interest margin (NIM) improved to 2.5% in Q4 FY25, compared to 2.4% reported in the same quarter last year. Powered by Capital Market - Live