Citi flags UPI MDR shift; banking ecosystem to gain ₹16,000-17,000 crore
The government has ended the zero-MDR-for-all UPI regime by introducing fee rails for larger merchant payments. P2P transfers and ~96% of P2M volumes (transactions up to ₹2,000) remain free; transactions above ₹2,000 attract 0.4% MDR capped at ₹300. The banking ecosystem could gain ₹16,000-17,000 crore in annual revenue under the new structure. Yes Bank is estimated to see a 6-12% PBT boost from the MDR change. The distributed fee is intended to fund network expansion, not serve as a government tax.
16Sept 26
Yes Bank moves Supreme Court against Fortis share-sale audit
Yes Bank has moved the Supreme Court challenging an audit related to the Fortis Healthcare share sale. Axis Bank and Fortis Healthcare Limited may also file appeals in the matter. The development was reported by a newspaper and involves multiple parties contesting the audit proceedings.
09Sept 26
Yes Bank raises $2B in FCNR (B) deposits under RBI swap window
Yes Bank raised $2B in FCNR (B) deposits under the RBI swap window. FCNR (B) deposits are foreign currency denominated instruments used to attract non-resident Indian capital. The RBI swap window allows banks to convert foreign currency proceeds into rupees at a fixed rate, reducing currency risk.
Yes Bank schedules analyst and investor meeting on August 31
Yes Bank has scheduled a meeting with analysts and investors on August 31. The engagement provides an opportunity for the bank's management to interact with the investment community.
Yes Bank Records Rs. 24.53 Crores Block Trade on NSE for ~10,010,983 Shares at Rs. 24.50
Yes Bank recorded a block trade on the NSE involving approximately 10,010,983 shares at a price of Rs. 24.50 per share. The total value of the transaction stood at Rs. 24.53 crores. Block trades of this scale are typically associated with institutional participation and are executed outside the open market to limit price impact.
16Jun 26
ED Conducting Raids on Former Employees of Yes Bank: ANI
The Enforcement Directorate (ED) is conducting raids on former employees of Yes Bank, as reported by ANI. The action represents a significant enforcement move by India's financial crimes investigation agency. No additional details regarding the scope, locations, or specific nature of the investigation have been disclosed in the available information.
JPMorgan Maintains Underweight Rating on Yes Bank with ₹18 Target Price Despite Strong Q4FY26 Results
JPMorgan has assigned an underweight rating to Yes Bank with a ₹18 target price, despite the bank's strong Q4FY26 performance where PAT of ₹10.7 billion beat estimates. The bank achieved its first 1% RoA since reconstruction and improved its cost-to-income ratio to 63%, aided by tight cost control and security receipts recoveries. However, JPMorgan remains cautious about sustainability due to MSME sector risks, elevated cost ratios, and current valuations at 1.2x FY27E P/B that may already price in expected improvements.
20Apr 26
Morgan Stanley Maintains Underweight Rating on Yes Bank with ₹15 Target Price
Morgan Stanley maintains underweight rating on Yes Bank with ₹15 target price as core PPOP met estimates but PAT missed by 2% due to ₹3.4bn one-off provisions. Despite challenges, the bank showed improved NIM quarter-on-quarter above estimates and balance sheet growth accelerated to 11% year-on-year from 3% in previous quarter. Credit costs remained stable aided by recoveries, but Morgan Stanley views current valuation as significantly above fundamentals.
20Apr 26
Nomura Maintains Neutral Rating on Yes Bank with ₹21 Target Price Amid Gradual Recovery
Nomura has assigned a neutral rating to Yes Bank with a ₹21 target price following Q4 FY26 results that showed improving growth, margins, and profitability with ROA reaching 0.95%. However, the brokerage notes that core-ROA recovery remains gradual and expects SR recoveries to moderate from FY26. While profitability levers are in place, execution by the new management team remains a key monitorable factor for the bank's sustained recovery.
18Apr 26
Yes Bank Targets Enhanced Return Ratios and Strategic Growth Over Next Three Years
Yes Bank has unveiled its three-year strategic plan targeting improved return ratios and business expansion. The bank aims to grow its wealth management segment while aligning loan book growth with market rates by FY27, reflecting its commitment to enhanced profitability and competitive positioning.