YES Bank Limited successfully concluded its postal ballot process on April 24, 2026, with shareholders approving four critical resolutions through electronic voting. The bank announced the voting results following the completion of remote e-voting, which was overseen by scrutinizer Manisha Maheshwari, Partner of Bhandari & Associates, Company Secretaries. The scrutinizer submitted her report at 7:52 PM IST on April 24, 2026, and the results were declared by the Company Secretary, duly authorized by the Chairman.

Key Resolutions Approved

Shareholders voted on four ordinary resolutions, all of which were passed with requisite majority:

Voting Results and Participation

The postal ballot process demonstrated strong shareholder participation, with the bank having 6318266 total shareholders on the record date of March 20, 2026. The voting was conducted entirely through electronic means, with the remote e-voting period concluding on April 24, 2026 at 5:00 PM IST.

Resolution-wise Voting Outcomes

Resolution 1 - Director Appointment:

Resolution 2 - MD & CEO Appointment:

Leadership Appointments

The approval of Vinay Muralidhar Tonse's appointment as Managing Director & Chief Executive Officer represents a significant leadership development for the bank. The resolution for his appointment as MD & CEO was approved for a period from April 06, 2026 to April 05, 2029, demonstrating long-term strategic planning.

Additionally, shareholders approved the re-appointment of Dr. Rajan Pental as Executive Director for the period from February 02, 2026 till July 31, 2026. This resolution received 98.46% votes in favour, with 20006291887 votes supporting the re-appointment.

Related Party Transaction Approval

The fourth resolution regarding material related party transactions with Sumitomo Mitsui Banking Corporation received overwhelming support with 99.97% votes in favour. However, this resolution had a lower overall participation rate of 29.07% of outstanding shares, with 9121216304 total votes polled.

Notably, votes cast by related parties were considered invalid as per SEBI Listing Regulations, which prohibit related parties from voting on material related party transactions. The invalid votes included 3382261103 from Public Institutions and 150000 from Public Non-Institutions.

Process and Compliance

The postal ballot was conducted in compliance with the Companies Act, 2013, SEBI Listing Regulations, and MCA circulars. The bank sent the postal ballot notice dated March 20, 2026 in electronic form only to members whose email addresses were registered. The process was advertised in Financial Express (English) and Navshakti (Marathi) newspapers on March 26, 2026.

The remote e-voting period commenced on March 26, 2026 at 10:00 AM IST and concluded on April 24, 2026 at 5:00 PM IST. The scrutinizer submitted her report at 7:52 PM IST on April 24, 2026, and the results were declared by the Company Secretary, duly authorized by the Chairman.

Scrutinizer Details

YES Bank reported robust financial performance for Q4 and FY26, with the Board of Directors approving audited results on April 18, 2026. The bank demonstrated strong profitability growth alongside improved asset quality metrics, though provisions saw a significant quarterly increase. The bank also released its detailed earnings call transcript on April 24, 2026, providing comprehensive insights into management strategy and performance outlook.

Q4 Financial Performance Highlights

The bank's standalone net profit for Q4 reached ₹1,068 crore compared to ₹738 crore in the corresponding quarter last year, marking a substantial 45% year-on-year growth. Interest earned during the quarter stood at ₹7,650 crore versus ₹7,616 crore in Q4 FY25, showing modest growth. However, provisions and contingencies surged to ₹187 crore in Q4 from ₹21.9 crore in the previous quarter.

Management Commentary and Strategic Outlook

During the earnings call, Managing Director and CEO Vinay M. Tonse highlighted the bank's transformation journey and future growth strategy. The management emphasized continued investment in four key areas: people, products, processes, and technology platforms. Net Interest Income for Q4 stood at ₹2,638 crore, up 15.9% year-on-year, while Net Interest Margin improved to 2.7%, representing a 10 basis points quarter-on-quarter increase and 20 basis points year-on-year improvement.

Full Year FY26 Performance

For the complete financial year, YES Bank achieved net profit of ₹3,476 crore on standalone basis, representing a 44.5% increase from ₹2,406 crore in FY25. Total income for FY26 reached ₹36,928 crore compared to ₹36,752 crore in the previous year. On consolidated basis, net profit stood at ₹3,512 crore for FY26. The bank maintained its second consecutive year of 100% compliance in Priority Sector Lending (PSL), resulting in notable reduction of RIDF deposits to approximately 6% of total assets from 9% in FY25.

Asset Quality and Balance Sheet Strength

The bank demonstrated significant improvement in asset quality with gross NPA declining to 1.3% as of March 31, 2026, from 1.6% in the previous year. Net NPA further compressed to 0.2% from 0.3% year-on-year. Capital Adequacy Ratio under Basel III guidelines remained robust at 15.3% for standalone operations. Total advances registered 11.1% year-on-year growth to ₹2.73 lakh crore, while deposits crossed the milestone of ₹3 lakh crore with CASA balances exceeding ₹1 lakh crore.

Provisions Impact and Recovery Performance

While the bank maintained strong profitability, provisions and contingencies showed a notable quarterly increase to ₹187 crore in Q4 FY26 from ₹21.9 crore in Q3 FY26. Management clarified that ₹341 crore of standard asset provisioning was undertaken as a prudent measure, not reflecting any underlying credit issues. The bank achieved total recoveries and upgrades of ₹4,795 crore in FY26, including recoveries from Security Receipts of over ₹1,550 crore, exceeding the guidance of ₹1,200 crore.

Regulatory Compliance and Future Guidance

Joint statutory auditors issued an unmodified audit opinion on both standalone and consolidated financial results. The bank opened 82 new branches during FY26 and expects to reduce RIDF deposits to below 5% by fiscal 2027. Management targets industry-level growth of 14-15% for advances while maintaining disciplined risk selection and effective pricing strategies.