YES Bank Limited has filed its Integrated Annual Report for FY 2025-26 with the stock exchanges on July 24, 2026, ahead of the 22nd Annual General Meeting scheduled for August 19, 2026. The report, prepared under the theme "Four Forces. One Goal. Sustainable Growth.", presents a comprehensive view of the bank's financial performance, strategic progress, ESG integration, and governance framework for the year ended March 31, 2026.

Financial Performance: Record Profitability Since Reconstruction

FY 2025-26 marked the fifth consecutive year of full-year profitability for YES Bank, with the bank delivering its highest annual net profit since reconstruction. The following table summarises key financial metrics:

Net Interest Income (NII) grew 9.3% Y-O-Y to ₹97,756.40 million during FY 2025-26. Operating expenses increased by 4.6% from ₹1,05,472.6 million in FY 2024-25 to ₹1,10,285.9 million in FY 2025-26, while provisions and contingencies (excluding provision for taxes) decreased by 16.0% from ₹10,856.06 million in FY 2024-25 to ₹9,123.92 million in FY 2025-26.

Balance Sheet Strength and Asset Quality

The bank's balance sheet grew 10.8% Y-O-Y, with total assets increasing from ₹4,234,223.00 million at March 31, 2025 to ₹4,691,045.59 million at March 31, 2026. Key balance sheet highlights are presented below:

The advances mix remained well-diversified at 46% Retail, 26% Commercial Banking, and 28% Corporate & Institutional Banking. Retail and Branch Banking deposits registered a two-year CAGR of 16.1%, outpacing industry growth of 10.9% and private bank growth of 12.5% over the same period.

Strategic Milestone: SMBC Partnership

A defining development during FY 2025-26 was the induction of Sumitomo Mitsui Banking Corporation (SMBC) as the bank's largest shareholder, holding a 24.9% stake as of March 31, 2026. SMBC is part of Sumitomo Mitsui Financial Group (SMFG), one of the world's leading financial institutions and a Global Systemically Important Bank (G-SIB). State Bank of India and Verventa Holdings Limited (an affiliate of Advent International) continue as major shareholders with 10.8% and 8.5% equity stakes respectively.

The bank also received multiple credit rating upgrades during the year. Moody's upgraded the bank's long-term issuer rating from Ba2 to Ba1 with a Stable outlook, while domestic agencies CARE Ratings, ICRA, CRISIL, and India Ratings upgraded the bank to AA- with a Stable outlook. Subsequently, CARE Ratings and ICRA further upgraded the bank to AA+ and AA respectively. S&P Global Ratings assigned an inaugural rating of BB+ with Stable outlook. The bank was also included in the NIFTY BANK Index effective December 2025.

Digital Leadership and Business Highlights

YES Bank continued to maintain leadership in India's digital payments ecosystem, processing approximately 19 billion transactions monthly. Key digital metrics for FY 2025-26 are summarised below:

The Credit Card division delivered 33% growth in term bookings, 27% growth in spends, and 23% growth in outstanding balances. Merchant Acquiring Services recorded 45% growth in merchant base to over 3.8 lakh establishments. MSME advances stood at ₹76,170 crore in FY 2025-26, with the Corporate and Institutional Banking segment posting 19.7% Y-O-Y advances growth.

ESG and Sustainability

YES Bank achieved the highest S&P Global ESG score of 79 out of 100 among Indian banks for the fourth consecutive year and remained the only Indian bank included in the S&P Global Sustainability Yearbook 2026. The bank sanctioned ₹7,690 crore in debt financing for renewable energy projects spanning approximately 1,812 MW during FY 2025-26, taking cumulative renewable energy financing since 2015 to ₹52,951 crore across approximately 11.92 GW.

On operational sustainability, the bank reduced its combined Scope 1 and Scope 2 emissions by 14.48% Y-O-Y to 29,128.17 tCO2e, with 83 facilities transitioned to renewable energy representing 21.57% of its electricity mix. The bank's Environmental Management System covering 1,289 facilities completed its 13th year of ISO 14001:2015 certification, maintaining the distinction of the highest number of such certified facilities in the BFSI sector globally.

Financial Inclusion and CSR

Through YES Microfinance, the bank served an active base of 6.92 lakh women borrowers in rural India, disbursing ₹1,841 crore to women microfinance borrowers in FY 2025-26. The bank opened 1,13,818 PMJDY accounts during the year and extended ₹4,638 crore in term lending to microfinance institutions for on-lending. Through YES Foundation, the bank trained over 8,000 youth, enhanced incomes for over 21,000 individuals through entrepreneurship initiatives, and planted 2 lakh trees across 10 states. The nationwide 'Score Kya Hua' financial literacy campaign achieved over 100 million cumulative reach during the year.

The Integrated Annual Report for FY 2025-26 and the 22nd Annual General Meeting Notice are available on the bank's website. The AGM is scheduled to be held on Wednesday, August 19, 2026 at 10:30 A.M. (IST) through Video Conferencing/Other Audio-Visual Means.

Yes Bank will conduct its 22nd Annual General Meeting (AGM) on Wednesday, August 19, 2026, at 10:30 AM Indian Standard Time. The meeting will be held exclusively through Video Conferencing (VC) or Other Audio Visual Means (OAVM), allowing remote participation without a physical venue. This approach enhances shareholder accessibility while ensuring compliance with regulatory frameworks. Shareholders are advised to update their KYC details, including PAN and nomination information, with their Depository Participants or the Registrar and Transfer Agent (RTA) to avoid future transaction restrictions.

The proceedings are governed by Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sanjay Abhyankar, Company Secretary, confirmed that the Notice convening the AGM, along with the Integrated Annual Report for Financial Year 2025-26, has been dispatched electronically to members with registered email addresses.

E-Voting Timeline and Eligibility

Shareholders holding shares in physical or dematerialized form as of the cut-off date, Wednesday, August 12, 2026, are eligible to cast their votes electronically. The remote e-voting facility is managed by KFin Technologies Limited (Kfintech), the Bank’s Registrar and Transfer Agent.

Members who have already cast their votes via remote e-voting may participate in the AGM through the VC/OAVM facility but cannot vote again on resolutions where they have already expressed their opinion. Conversely, those present during the AGM who have not voted remotely can do so using the e-voting system available during the meeting.

Accessing Voting Credentials and Documents

Shareholders holding shares in physical form or those who have not registered their email addresses must obtain their login ID and password by sending a request to https://evoting.kfintech.com . Existing users registered with KFin can utilize their current USER ID and password. It is critical for members to note that once a vote is cast, it cannot be modified. Additionally, the remote e-voting module will be disabled by KFin beyond 05:00 PM on Tuesday, August 18, 2026.

Pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, a letter providing the web-link of the Integrated Annual Report for FY 2025-26 is being sent to members who have not registered their e-mail addresses. The documents are accessible via the following links:

For members without registered emails, a letter containing a web-link and QR code is being dispatched. Any grievances related to the electronic voting facility can be directed to Ms. C Shobha Anand, Vice President, KFin Technologies Limited, via email at evoting@kfintech.com or by calling 1800 309 4001. Members may also contact the Company Secretary at AGM@yes.bank.in .