Yes Bank Ltd

Sumitomo Mitsui Banking Corporation (SMBC) has entered into a definitive agreement on 9 May 2025 to acquire 20% stake in Yes Bank through a secondary stake purchase of 13.19% from SBI and 6.81% aggregate stake from other bank shareholders (Investor Banks) including Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank. This transaction is the largest cross-border investment in the Indian banking sector. SBI and the seven investor banks had invested in Yes Bank as part of its reconstruction scheme in March 2020. SBI's Executive Committee of the Central Board (ECCB) approved the deal involving the transfer of 413.44 crore equity shares (13.19% equity) at a price of Rs 21.50 per share, raking in a hefty Rs 8,888.97 crore for the PSU banking giant. The transaction is expected to be wrapped up within 12 months, subject to the usual regulatory and statutory clearances. SMBC, a premier Japanese multinational financial services firm and a part of the Sumitomo Mitsui Financial Group (SMFG), is the acquirer in this transaction. As on March 2025, SBI is the largest shareholder in Yes Bank, holding 23.97%, followed by smaller stakes from HDFC (2.75%), ICICI (2.39%), Kotak Mahindra (1.21%), Axis (1.01%), IDFC First (0.92%), Federal (0.76%), and Bandhan (0.70%). Following the deal, SBI's stake in Yes Bank will drop to 10.78%. Shares of Yes Bank surged 9.77% to settle at Rs 20. Powered by Capital Market - Live

The clarification came in response to news articles that prompted a regulatory query from stock exchanges seeking clarity on the matter. In its statement to the exchanges, Yes Bank emphasized that while the institution remains on a growth path and routinely explores strategic opportunities with various stakeholders. However, such discussions are preliminary and do not warrant a disclosure. The information pertaining to these discussions as set out in the article is speculative at this time and are not factually correct, the bank stated. Earlier the media reported that SMBC received approval from the Reserve Bank of India (RBI) to acquire up to a 51% stake in Yes Bank. As per the shareholding pattern for the March 2024 quarter, State Bank of India (SBI) held a 23.97% stake in Yes Bank. Other key institutional shareholders included HDFC Bank (2.75%), ICICI Bank (2.39%), Kotak Mahindra Bank (1.21%), Axis Bank (1.01%), and LIC (3.98%). Yes Bank was restructured in 2020 with support from a consortium of Indian banks led by SBI, after the RBI superseded the bank's board amid concerns about governance and liquidity. The intervention followed the RBI's denial of an extension for then-CEO and founder Rana Kapoor. Since Kapoor's exit in 2019, Yes Bank has operated without a promoter. 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

According to media reports, SMBC is considering two possible approaches: acquiring less than 26% in Yes Bank and pursuing a merger through a share swap, or purchasing up to 26% followed by an open offer. Regardless of the route, SMBC's voting rights in Yes Bank will be capped at 26%, in line with regulatory requirements. As per the shareholding pattern for the March 2024 quarter, State Bank of India (SBI) held a 23.97% stake in Yes Bank. Other key institutional shareholders included HDFC Bank (2.75%), ICICI Bank (2.39%), Kotak Mahindra Bank (1.21%), Axis Bank (1.01%), and LIC (3.98%). Yes Bank was restructured in 2020 with support from a consortium of Indian banks led by SBI, after the RBI superseded the bank's board amid concerns about governance and liquidity. The intervention followed the RBI's denial of an extension for then-CEO and founder Rana Kapoor. Since Kapoor's exit in 2019, Yes Bank has operated without a promoter. 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

The bank's total income rose 3.76% YoY to Rs 9,355.39 crore in the quarter ended 31 March 2025. Profit before tax climbed 130.83% to Rs 996.31 crore in Q4 FY25 as against Rs 431.61 crore reported in the corresponding quarter last year. 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. During the quarter, operating profit was at Rs 1,314 crore, up 45.67% from Rs 902 crore posted in the same period a year ago. Provisions (other than tax) and contingencies dropped 32.44% YoY to Rs 318.07 crore for the quarter ended 31 March 2025. In terms of asset quality, the bank's gross non-performing assets (NPAs) declined by 1.17% to Rs 3,935.61 crore as of 31 March 2025, compared to Rs 3,982.56 crore as of 31 March 2024. Additionally, net NPAs dropped by 39.82% to Rs 800.14 crore in Q4 FY25, down from Rs 1,329.73 crore in Q4 FY24. The gross NPA ratio decreased to 1.6% as of 31 March 2025, compared to 1.7% as of 31 March 2024. Similarly, the net NPA ratio improved to 0.3% as of 31 March 2025, down from 0.6% as of 31 March 2024. The bank's total deposits grew by 6.81% YoY to Rs 2,84,525 crore in the quarter ended 31 March 2025. Additionally, the bank's total advances increased by 8.07% YoY to Rs 2,46,188 crore. The bank's CASA (Current Account Savings Account) ratio stood at 34.3% as of 31 March 2025, compared to 30.9% in the corresponding quarter of the previous year. Gross slippages for Q4 FY25 stood at Rs 1,223 crore (2% of advances), compared to Rs 1,348 crore (2.2% of advances) in Q3 FY25. The bank's average quarterly LCR during the quarter remains healthy at 125%. During the quarter, Yes Bank's overdue book in the 31'90 days declined to Rs 3,705 crore, compared to Rs 3,684 crore posted in Q4 FY24. On a full-year basis, the bank's standalone net profit soared 92.30% to Rs 2,405.86 crore on a 12.38% increase in total income to Rs 36,751.77 crore in FY25 over FY24. Prashant Kumar, MD & CEO, Yes Bank, said, ' The Q4FY25 marked yet another important quarter for YES BANK as it continued to make steady improvements across several key metrics and progressed well on the strategic objective of improving its profitability. The bank exited the year with a quarterly RoA of 0.7%, b) achieved 100% PSL compliance, c) further improved its gross NPA and net NPA ratios to 1.6% and 0.3%, respectively'the lowest levels since Mar'20, d) brought down the net carrying value of security receipts to 'NIL,' and e) further expanded the CASA ratio by 340 bps Y-o-Y to 34.3% in FY25. YES BANK's core franchise has gained significant momentum and is quite well placed to continue to thrive. The bank remains disciplined and focused on its execution with its strategy and actions remain fully anchored around further improving its positioning and profitability. By going live with a seamless collection facility for GST, the bank added another important solution for its existing as well as prospective customers and augmented its digital and tech capabilities. Highest ratings by S&P and CDP reaffirmed our commitment to responsible banking.' 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. The bank operates its brokerage business through YES SECURITIES, a subsidiary of the bank. The bank has a pan-India presence, including an International Banking Unit (IBU) at GIFT City and a representative office in Abu Dhabi. Powered by Capital Market - Live

The bank's total income rose 3.76% YoY to Rs 9,355.39 crore in the quarter ended 31 March 2025. Profit before tax climbed 130.83% to Rs 996.31 crore in Q4 FY25 as against Rs 431.61 crore reported in the corresponding quarter last year. 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. During the quarter, operating profit was at Rs 1,314 crore, up 45.67% from Rs 902 crore posted in the same period a year ago. Provisions (other than tax) and contingencies dropped 32.44% YoY to Rs 318.07 crore for the quarter ended 31 March 2025. In terms of asset quality, the bank's gross non-performing assets (NPAs) declined by 1.17% to Rs 3,935.61 crore as of 31 March 2025, compared to Rs 3,982.56 crore as of 31 March 2024. Additionally, net NPAs dropped by 39.82% to Rs 800.14 crore in Q4 FY25, down from Rs 1,329.73 crore in Q4 FY24. The gross NPA ratio decreased to 1.6% as of 31 March 2025, compared to 1.7% as of 31 March 2024. Similarly, the net NPA ratio improved to 0.3% as of 31 March 2025, down from 0.6% as of 31 March 2024. The bank's total deposits grew by 6.81% YoY to Rs 2,84,525 crore in the quarter ended 31 March 2025. Additionally, the bank's total advances increased by 8.07% YoY to Rs 2,46,188 crore. The bank's CASA (Current Account Savings Account) ratio stood at 34.3% as of 31 March 2025, compared to 30.9% in the corresponding quarter of the previous year. Gross slippages for Q4 FY25 stood at Rs 1,223 crore (2% of advances), compared to Rs 1,348 crore (2.2% of advances) in Q3 FY25. The bank's average quarterly LCR during the quarter remains healthy at 125%. During the quarter, Yes Bank's overdue book in the 31'90 days declined to Rs 3,705 crore, compared to Rs 3,684 crore posted in Q4 FY24. On a full-year basis, the bank's standalone net profit soared 92.30% to Rs 2,405.86 crore on a 12.38% increase in total income to Rs 36,751.77 crore in FY25 over FY24. Prashant Kumar, MD & CEO, Yes Bank, said, ' The Q4FY25 marked yet another important quarter for YES BANK as it continued to make steady improvements across several key metrics and progressed well on the strategic objective of improving its profitability. The bank exited the year with a quarterly RoA of 0.7%, b) achieved 100% PSL compliance, c) further improved its gross NPA and net NPA ratios to 1.6% and 0.3%, respectively'the lowest levels since Mar'20, d) brought down the net carrying value of security receipts to 'NIL,' and e) further expanded the CASA ratio by 340 bps Y-o-Y to 34.3% in FY25. YES BANK's core franchise has gained significant momentum and is quite well placed to continue to thrive. The bank remains disciplined and focused on its execution with its strategy and actions remain fully anchored around further improving its positioning and profitability. By going live with a seamless collection facility for GST, the bank added another important solution for its existing as well as prospective customers and augmented its digital and tech capabilities. Highest ratings by S&P and CDP reaffirmed our commitment to responsible banking'. 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. The bank operates its brokerage business through YES SECURITIES, a subsidiary of the bank. The bank has a pan-India presence, including an International Banking Unit (IBU) at GIFT City and a representative office in Abu Dhabi. The scrip added 1.23% to end at Rs 18.09 on Thursday, 17 April 2025. Powered by Capital Market - Live

Net profit of Yes Bank rose 59.33% to Rs 744.53 crore in the quarter ended March 2025 as against Rs 467.29 crore during the previous quarter ended March 2024. Total Operating Income rose 2.22% to Rs 7623.20 crore in the quarter ended March 2025 as against Rs 7457.81 crore during the previous quarter ended March 2024. For the full year,net profit rose 90.36% to Rs 2446.49 crore in the year ended March 2025 as against Rs 1285.20 crore during the previous year ended March 2024. Total Operating Income rose 12.00% to Rs 30918.81 crore in the year ended March 2025 as against Rs 27605.87 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Total Operating Income7623.207457.81 2 30918.8127605.87 12 OPM %59.5955.22 -61.6656.91 - PBDT1005.72450.60 123 3223.941537.69 110 PBT1005.72450.60 123 3223.941537.69 110 NP744.53467.29 59 2446.491285.20 90 Powered by Capital Market - Live

Yes Bank will hold a meeting of the Board of Directors of the Company on 19 April 2025.Powered by Capital Market - Live

On a sequential basis, loans and advances grew marginally by 0.7% from Rs 2.44 lakh crore at the end of the December 2024 quarter. Deposits of the bank stood at Rs 2,84,488 crore during the period under review, up 6.8% YoY and 2.6% QoQ. The bank's CASA (current account savings account) ratio improved to 34.3% as of 31 March 2025, up from 30.9% a year earlier and 33.1% in the previous quarter. The credit-to-deposit ratio stood at 86.7% as of 31 March 2025, compared to 85.5% in the same period of the previous year and 88.3% in the previous quarter. Liquidity coverage ratio was at 125% as on 31 March 2025 as against 116.1% as on 31 March 2024 and 133.2% as on 31 December 2024. Yes Bank is a full-service commercial bank providing a complete range of products, services, and technology-driven digital offerings, catering to retail, MSME, as well as corporate clients. The bank reported a 164.52% surge in standalone net profit to Rs 612.27 crore in Q3 FY25 as against Rs 231.46 crore posted in Q3 FY24. The bank's total income jumped 14.20% YoY to Rs 9,341.15 crore in the quarter ended 31 December 2024. Shares of Yes Bank declined 4.35% to Rs 17.17 on the BSE.Powered by Capital Market - Live

Yes Bank has received Rs 429 crore from a single trust in the Security Receipts Portfolio pertaining to the sale of NPA Portfolio to JC Flower ARC on 17 December 2022. Powered by Capital Market - Live

YES Securities (India), a subsidiary company of Yes Bank has allotted 2,50,85,603 equity shares of Rs 10 each at a premium of Rs 49.28 per share to YES Bank on 04 February 2025, for an amount aggregating to Rs 148.71 crore for a cash consideration by way of Rights Issue.Powered by Capital Market - Live