Yes Bank has received improved Environmental, Social, and Governance (ESG) ratings from NSE Sustainability Ratings Analytics Ltd, a SEBI-registered ESG Rating Provider. The bank disclosed this development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

ESG Rating Details

NSE Sustainability Ratings Analytics Ltd communicated the rating assignment to Yes Bank via email on December 15, 2025. The rating assessment covers the bank's performance across environmental, social, and governance parameters for the financial years 2024 and 2025.

NSE Sustainability Ratings Analytics assigned Yes Bank an ESG rating of 78.00 and core rating of 74.00 for FY25, while upgrading its FY24 ESG rating from 72.00 to 76.00.

Independent Assessment Process

The bank clarified that it has not engaged NSE Sustainability for ESG ratings services. The ESG Rating Provider independently assigned these ratings based on Yes Bank's public disclosures pertaining to financial years 2024 and 2025. This independent assessment approach aims to ensure objectivity in the rating process.

Regulatory Compliance

Yes Bank has fulfilled its disclosure obligations by informing both the National Stock Exchange of India Limited and BSE Limited about the ESG rating assignment.

Information Accessibility

The bank has made the ESG rating information accessible to stakeholders by hosting the relevant web links from both stock exchanges on its official website at www.yes.bank.in . This step aims to ensure transparency and compliance with SEBI's listing regulations as amended from time to time.

Sumitomo Mitsui Banking Corporation (SMBC), a major stakeholder in Yes Bank , is considering strengthening its position in the Indian banking sector. The Japanese financial giant, which currently holds a 25% stake in Yes Bank as part of its $7 billion investment in India, has expressed openness to further increasing its ownership in the Indian private sector bank.

SMBC's Strategic Move

SMBC's potential move to increase its stake in Yes Bank is part of a broader strategy to expand its presence in the Indian market. The corporation is also actively evaluating the possibility of setting up a wholly owned subsidiary in India, signaling its long-term commitment to the country's financial sector.

Support for Yes Bank's Growth

SMBC's interest in potentially increasing its stake demonstrates its confidence in Yes Bank's future prospects. The Japanese banking corporation aims to support Yes Bank's ambition to regain its position among the top five private sector banks in India.

Complementary Business Models

SMBC views Yes Bank as a turnaround story with a strong wholesale banking business. This aligns well with SMBC's existing operations, potentially creating synergies between the two entities. The complementary nature of their business models could be a driving factor behind SMBC's interest in deepening its involvement with Yes Bank.

Current Stake and Investment

To provide context on SMBC's current investment in Yes Bank, here's a breakdown of the key details:

It's important to note that while SMBC is open to increasing its stake, the exact details of any potential increase or the establishment of a wholly owned subsidiary are yet to be determined. As this situation develops, it will be crucial to monitor any official announcements from both SMBC and Yes Bank regarding these strategic moves in the Indian banking sector.