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.
Yes Bank Settles ₹201 Crore Non-Performing Asset in One-Time Deal
Yes Bank has completed a one-time settlement of ₹201.00 crore related to a non-performing asset (NPA). This move is part of the bank's efforts to improve its asset quality and strengthen its financial position. The settlement could potentially impact the bank's asset quality metrics and financial statements, demonstrating Yes Bank's active approach to managing its loan portfolio.
17Jun 25
Yes Bank Secures INR 780 Million Infusion from Individual Trust
Yes Bank has received INR 780 million (78 crore) in fresh funds from an individual trust. The bank has not provided details about the trust or the specific purpose of the funds. This capital infusion could potentially strengthen Yes Bank's liquidity position and may be seen as a positive signal by market observers.
14Jun 25
Yes Bank CEO Prashant Kumar Gets 6-Month Extension from RBI
The Reserve Bank of India (RBI) has granted a six-month extension to Yes Bank's CEO Prashant Kumar, effective from October 6, 2025, until a successor is appointed. Kumar, who has led the bank since March 2020, has overseen significant improvements in deposit growth, retail advances, and asset quality. This extension provides leadership continuity for Yes Bank during a critical transformation period.
13Jun 25
Yes Bank's Credit Profile Strengthens: Moody's Upgrades Rating to Ba2
Moody's Investors Service has upgraded Yes Bank's credit rating from Ba3 to Ba2, signaling an improvement in the bank's financial health. The outlook has been revised to 'stable', indicating expected consistency in the bank's credit profile. This upgrade may enhance investor confidence, potentially lead to lower borrowing costs, and serves as an external validation of the bank's improving financial stability.
13Jun 25
RBI Extends Yes Bank CEO Prashant Kumar's Tenure by Six Months
The Reserve Bank of India has granted a six-month extension to Yes Bank's Managing Director and CEO, Prashant Kumar. His tenure is now extended until October 6, 2025, or until a successor is appointed, whichever is earlier. This decision ensures leadership continuity for the bank during a crucial period.
13Jun 25
Yes Bank CEO Prashant Kumar Gets 6-Month Extension from RBI
The Reserve Bank of India (RBI) has extended Yes Bank CEO Prashant Kumar's tenure for an additional six months, starting from October 6, 2025. The extension will last until either the six-month period ends or a new MD and CEO takes charge. This decision comes as Yes Bank prepares for a significant stake acquisition by Sumitomo Mitsui Banking Corporation (SMBC), which is set to acquire a 20% stake in the bank, pending regulatory approvals.
13Jun 25
Yes Bank CEO Prashant Kumar Secures Six-Month Extension Amid Recent Stake Sale
The Reserve Bank of India (RBI) has granted a six-month extension to Prashant Kumar as Managing Director and CEO of Yes Bank, effective from October 6, 2025. The extension will last until a new MD & CEO is appointed or for the full six-month period, whichever is earlier. This decision follows a recent stake sale by a consortium of banks to Japan's Sumitomo Mitsui Banking Corporation (SMBC), marking a significant change in Yes Bank's ownership structure.