Interim report
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YBL/CS/2026-27/115 October 17, 2026 National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, Bandra - Kurla Complex Bandra (E), Mumbai - 400 051 NSE Symbol: YESBANK BSE Limited Corporate Relations Department P.J. Towers, Dalal Street Mumbai – 400 001 BSE Scrip Code: 532648 Dear Sir / Madam, Sub.: Outco me of the Board Meeting - SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Ref.: Reg. 30, 33, 52, 54 and other applicable provisions of the Listing Regulations This is further to our intimation dated October 05, 2026, wherein the Bank had informed the exchanges that the meeting of the Board of Directors of YES Bank Limited (“the Bank”) will be held on Saturday, October 17, 2026, inter alia, to consider and approve Un -Audited Standalone and Consolidated Financial Results of the Bank for the Quarter (Q2) and Half Year ended September 30, 2026. In terms of Regulation 33 read with Regulation 52 and other applicable provisions of the Listing Regulations, if any, the Board of Directors of the Bank at its meeting held on Saturday, October 17, 2026 had inter alia, considered and approved Un-Audited Standalone and Consolidated Financial Results of the Bank for the Quarter (Q2) and Half Year ended September 30, 2026, together with line items as specified under Regulation 52(4) of the Listing Regulations, as applicable. Accordingly, we enclose herewith the Un-Audited Standalone and Consolidated Financial Results of the Bank for the Quarter (Q 2) and Half Year ended September 30, 2026, along with Limited Review Report of the Joint Statutory Auditors of the Bank. The Joint Statutory Auditors have issued the Audit Report with modified opinion on the standalone and consolidated financial results of the Bank for the Quarter (Q2) and Half Year ended September 30, 2026. Pursuant to Regulation 52(7) of the Listing Regulations, we confirm that the issue proceeds of the non-convertible debt securities had been fully utilized and that there were no deviations in the use of the said proceeds from the objects stated in the Information Memorandum(s)/Disclosure Document(s). Further, the Bank has no outstanding secured listed non-convertible debt securities as on September 30, 2026, and accordingly, the disclosure requirements in terms of Regulation 54 of the Listing Regulations are not applicable with respect to the extent and nature of security created and maintained and the security cover available. The Board Meeting commenced at 10:00 AM, the agenda for consideration of financial results commenced at 04:30 PM and the aforementioned financial matters concluded at 07:10 PM.
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The weblink of BSE Limited and National Stock Exchange of India Limited providing the above information is being hosted on the Bank’s website www.yes.bank.in pursuant to Listing Regulations, as amended. You are requested to take the same on record and acknowledge the receipt. Thanking you, Yours faithfully, For YES BANK LIMITED Sanjay Abhyankar Company Secretary Encl.: As above
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C N K B: Associates LLP Chartered Accountants 3rd Floor, Mistry Bhavan, Dinshaw Vachha Road, Churchgate, Mumbai 400 020 M S KA B: Associates LLP (formerly known as M S KA B: Associ"tes) Chartered Accountants 602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali, Railway Colony, Ram Nagar, Goregaon (E),. Mumbai 400 063, INDIA Tel: +91 22 6974 0200 Independent Auditor's Review Report on unaudited standalone financial results for the quarter and half year ended Septemb_er 30, 2026 of YES BANK Limited pu_rsuant to the Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Board of Directors of YES BANK Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of YES BANK Limited (the 'Bank') for the quarter and half year ended September 30, 2026 (the 'Statement') attached herewith, being submitted by the Bank pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended ('the Listing Regulations'). 2. This Statement, which is the responsibility of the Bank's Management and approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles -laid down in Accounting Standard 25 'Interim Financial Reporting' ('AS 25') prescribed under section 133 of the Companies Act, 2013 (' the Act') read with relevant rules issued thereunder in so far as they apply to the Banks, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (the 'RBI') from time to time (the 'RBI Guidelines'), other recognized accounting principles generally accepted in India and in compliance with the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information P~rformed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement are free of material misstatement. A review consists of making inquiries primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in . accordance with Standards on Auditing under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Basis for _Qualified Conclusion: We draw attention to Note 9 to the Statement, which describes the Bank's position on the judgment pronounced by Honorable Supreme Court dated October 15, 2026. As per the order, Hon'ble Supreme Court of India, has upheld the judgment of the Hon'ble Bombay High Court and dismissed the appeal filed by the Bank relating to the write down of Additional Tier 1 (AT1) Bonds amounting to ~8,415 crore. The Bank is presently evaluating the consequential implications of the judgment, including the decisions and actions required to give effect to it, the manner and timing of implementation, and the resulting financial and accounting implications. I .. t; ~ '• "'· • .-,d :,':-, ge 1 of 2 I
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C N K & Associates LLP Chartered Accountants M S KA ft Associates LLP (formerly known as M S KA & Associates) Chartered Accountants Consequently, the Statement does not reflect the resultant financial impact of the aforesaid judgement. Had such impact been recognized, the reported financial position and financial performance of the Bank may have been materially different as stated in Note 9 to the Statement. 5. Based on our review as stated in paragraph 3 above and with the exception of the matter described in the paragraph 4 and the effects thereon, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in AS 25, prescribed under Section 133 of the Act, read with relevant rules issued thereunder, the RBI Guidelines and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Listing Regulations including the manner in which it is to be disclosed or that it contains material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters. 6. The Statement includes the unaudited standalone financial results of the Bank for the quarter ended June 30, 2026 and corresponding quarter and half year ended September 30, 2025 and audited standalone financial results for the year ended March 31, 2026 which were reviewed/audited by one of the current joint statutory auditors and predecessor joint statutory auditor and they expressed an unmodified conclusion/ opinion on those unaudited standalone financial results/ audited standalone financial results vide their report dated July 18, 2026, October 18, 2025 and April 18, 2026 respectively. Our conclusion is not modified in respect of this matter. For C N K & Associates LLP Chartered Accountants ICAI Fi istration Suresh Agaskar Partner Membership Number: . UDIN: 26110321 BHHVOM4142 October 17, 2026 Mumbai For M S K A & Associates LLP (Formerly Known as M S KA & Associates)' Chartered Accountants ICAI Firm Registration Number: 105047W /W101187 ~~ Prateek Khandelwal Partner Membership Number: 139144 UDIN: 26139144YUPACX2961 October 17, 2026 Mumbai Page 2 of 2
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Sr No. 1 (a) (b) (c) (d) 2 3 4 5 (i) (ii) 6 7 8 9 10 11 12 13 14 15 16 17 (i) (ii) (iii) (iv) (a) (b) . (c) (d) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) ./ ✓vESBANK YES BANK Limited Regd. Office: YES BANK House, Off Western Express Highway, Santacruz East, Mumbai - 400055, India Website: www.yes.bank.in Email Id: shareholders@yes.bank.in UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 (tin t.akhs) Quarter ended Half Year ended Year ended PARTICULARS 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 , (Unaudited) '(Unauditedt (Unaudited) /Unaudited) _(Unaudited) (~udited) Interest earned (a)+(b)+(c)+(d) 863,980 804,432 737,884 1,668,412 1,497,471 3,016,883 Interest/ discount on advances/bills 659,998 610,714 563,299 1,270,712 1,139,938 2,300,942 Income on investments 155,012 147,874 128,452 302,886 264,800 542,370 Interest on balances with Reserve Bank of India and 37,129 22,582 other inter-bank funds 21,574 15,555 11,236 40,960 Others 27,396 30,289 34,897 57,685 70,151 132,611 Other Income (Note 6) 188,155 179,794 164,431 367,949 339,655 675,934 TOT AL INCOME (1 +2) 1,052,135 984,226 902,315 2,036,361 1,837,126 3,692,817 Interest Expended 581,746 525,786 507,796 1,107,532 1,030,237 2,039,319 Operating Expenses (i)+(ii) 302,606 288,043 264,869 590,649 541,436 1,102,859 Payments to and provisions for employees 116,374 114,056 100,684 230,430 202,726 423,684 Other operatinit expenses 186,232 173,987 164,185 360,219 338,710 679,175 TOTAL EXPENDITURE (4+5) (excluding provisions and contingencies) 884,352 813,829 772,665 1,698,181 1,571,673 3,142,178 Operating Profit (before Provisions and Contingencies) (3-6) 167,783 170,397 129,650 338,180 265,453 550,639 Provisions (other than Tax expense) and Contingencies 70,295 (net) 31,739 39,448 41,895 71,187 91,239 Exceptional Items - - - - - - Profit from ordinary activities before tax (7-8-9) 136,044 130,949 87,755 266,993 195,158 459,400 Tax Expense 28,044- 23,850 22,308 51,894 49,603 111,841 Net profit from Ordinary Activities after tax (10-11) 108,000 107,099 65,447 215,099 145,555 347,559 Extraordinary Items (Net of tax) - - - - . - NET PROFIT (12-13) 108,000 107,099 65,447 215,099 145,555 347,559 Paid-up equity Share Capital (Face value of { 2 each) 627,781 627,735 627,446 627,781 627,446 627,595 Reserves & Surplus excluding revaluation reserves 4,478,606 Analytical ratios ; Percentage of Shares held by Government of India Nil Nil Nil Nil Nil Nil Capital Adequacy ratio - Basel III 14.5% 15.1% 15.0% 14.5% 15.0% 15.3% Earnings per share for the period (not annualized) / year (annualized) before and after extraordinary items - Basic { 0.34 0.34 0.21 0.69 0.46 1.11 - Diluted { 0.34 0.34 0.21 0.68 0.46 1.11 NPA ratios (Note 7) Gross NPA 387,523 370,485 405,531 387,523 405,531 360,493 NetNPA 75,705 67,685 77,084 75,705 77,084 65,300 % of Gross NP A 1.2% 1.3% 1.6% 1.2% 1.6% 1.3% % ofNetNPA 0.2% 0.2% 0.3% 0.2% 0.3% 0.2% Return on assets (average) (annualized) (Note 8) 0.9% 0.9% 0.6% 0.9% 0.7% 0.8% Net worth* 5,326,755 5,233,768 4,919,742 5,326,755 4,919,742 5,106,201 Outstanding redeemable preference shares - - - - - - Capital redemption reserve - - - - - - Debt Service Coverage Ratio NA NA NA NA NA NA Interest Service Coverage Ratio NA NA NA NA NA NA Debt-equity ratio 5 0.73 0.66 0.64 0.73 0.64 0.72 Total debts to total assets 5 15.1% 14.7% 14.4% 15.1 % 14.4% 13.8% * Includes equity capital and reserves. 5 Debt represents borrowings with residual maturity of more than one year. Total debts represents total borrowings. ,._ ... ;JOQ • • ·i;. ~ ' (•' f J )~, ., ' .
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✓vESBANK STANDALONE SEGMENTAL RESULTS ~ in Lakhs) Quarter ended Half Year ended Year ended Sr PARTICULARS 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 No (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Sesrment revenue (a) Treasury 217,007 213,510 177,649 430,517 416,472 772,113 (b) Corporate Banking 363,342 335,986 302,554 699,329 602,522 1,229,047 (c) Retail Banking 439,690 404,671 377,914 844,362 762,182 1,542,126 I. Digital Banking 38 32 13 71 21 57 ii. Other Retail Banking 439,652 404,639 377,901 844,291 762,161 1,542,069 (d) Other Banking Operations 26,830 18,448 26,315 45,278 43,669 101,264 (e) Unallocated 7,540 11,952 647 19,492 577 11,130 Total 1,054,409 984,567 885,079 2,038,978 1,825,422 3,655,680 Add J (Less): Inter Segment Revenue (2,275) (341) 17,236 (2,617) 11,704 37,137 Income from Operations 1,052,134 984,226 902,315 2,036,361 1,837,126 3,692,817 2 Segmental Results (a) Treasury 71,526 50,676 37;978 122,202 140,656 276,003 (b) Corporate Banking 57,298 63,096 79,000 120,394 155,954 314,471 (cl Retail Banking (1,462' 3,572 (35,813) 2,110 (102,617) (164,893) i. Digital Banking (41' (39) (36) (80) (79) (169) ii. Other Retail Banking (1,421) 3,611 (35,777) 2,190 (102,538) (164,724) (d) Other Banking Operations 18,912 11,956 19,155 30,868 31,191 76,486 (e) Unallocated (10,230) 1,649 (12,565) (8,581) (30,026) (42,667) Profit before Tax 136,044 130,949 87,755 266,993 195,158 459,400 3 Segment Assets (a) Treasury 18,402,105 15,356,783 16,050,786 18,402,105 16,050,786 17,251,661 (b) Corporate Banking 16,459,806 16,428,312 12,820,958 16,459,806 12,820,958 15,286,550 (c) Retail Banking 15,528,553 13,436,892 12,991,526 15,528,553 12,991,526 13,362,115 i. Digital Banking 149 159 164 149 164 159 ii. Other Retail Banking 15,528,404 13,436,733 12,991,362 15,528,404 12,991,362 13,361,956 (d) Other Banking Operations 37,754 31,013 21,100 37,754 21,100 26,754 (e) Unallocated 948,758 953,389 1,019,101 948,758 1,019,101 983,376 Total 51,376,976 46,206,389 42,903,473 • 51,376,976 42,903,473 46,910,456 4 Segment Liabilities (a) Treasury 10,564,429 9,061,628 7,361,911 10,564,429 7,361,911 9,469,514 (b) Corporate Banking 14,586,105 13,299,622 12,653,693 14,586,105 12,653,693 13,611,513 (c) Retail Banking 20,834,938 18,558,957 17,851,332 20,834,938 17,851,332 18,654,319 i. Digital Banking 1,655 1,766 566 1,655 566 1,487 ii. Other Retail Banking 20;833,283 18,557,191 17,850,766 20,833,283 17,850,766 18,652,832 (d) Other Banking Operations 9,262 8,315 7,222 9,262 7,222 8,683 (e) Unallocated 55,487 44,099 109,573 55,487 109,573 60,226 Capital and Reserves 5,326,755 5,233,768 4,919,742 5,326,755 4,919,742 5,106,201 Total 51,376,976 46,206,389 42,903,473 51,376,976 42,903,473 46,910,456 1. The disclosur e on segmental reporting has been prepared in accordance with Securiti es and Exchange Board of India (SEBI) Master circular no. SEBI/ HO/CFD / PoD2 / CIR/ P / 0155 November 11, 2024 read with circular No. CIR/ CFD/ FAC/ 62 / 2016 dated July 5, 2016 on "Revised Formats for Financial Results and Implementati on of Ind AS by Listed Entities". 2. Business Segm ents have been identified and report ed taking into account the target customer profile, the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting structure, guidelines prescribed by the RBI and in accordance with the Accounting Standard 17 - "Segment Reporting". Accordingly, this disclosure has been prepared basis principles laid down in the regulatory guidelines which is distinct from the internal business segments reporting of the Bank. • 3. Segment-wise principal activities : Treasury includes investments, all financial mark et activities und ertaken on behalf of the customers, proprietary trading, maintenanc e of reserve requirements and resource mobilisati on from other banks and financial institutions. Corporate Banking includes lendinG, dPposH takinG and othf'r servic es offered to corporat e customers . Retail Banking includ es lending , deposit taking and other services offered to retail custom ers and furth er includes low valu e of individual exposures identified as per RBI guidelines. Sub- segment 'Digital Banking' represents segment results pertaining to Digital Banking Units ('the DBUs') of the Bank. Other Banking Operations includ e para banking activities like third party product distribution which is undertaken through branches, custody, clearin g and dem at operations etc.
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✓VESBANK 4. The business of, the Bank is largely concentrated in India. Business conducted through IFSC Banking Unit ('IBU') of the Bank situated in GIFf City, Gujarat is considered as overseas operation that is subject to different risks and returns than domestic operations of the Bank. Since revenue, result or assets emanating from the Bank's IBU operations do not meet disclosure threshold, there are no separate reportable geographical segments. Notes: 1 STANDALONE STATEMENT OF ASSETS AND LIABILITIES (~ in Lakhs) PARTICULARS Asat Asat Asat 30.09.2026 30.09.2025 31.03.2026 • (Unauditei!) (Unaudited) (Audited) CAPITAL AND LIABILITIES Capital 627,781 627,446 627,595 Reserves and surplus 4,698,974 4,292,296 4,478,606 Deposits 35,400,402 29,627,573 31,896,945 Borrowings 7,773,422 6,195,538 6,486,357 Other liabilities and provisions 2,876,397 2,160,620 3,420,953 Total 51,376,976 42,903,473 46,910,456 ASSETS Cash and balances with Reserve Bank of India 2,729,357 1,475,416 1,674,518 Balances with banks and money at call and short notice 1,550,707 1,752,397 2,088,314 Investments 10,035,479 8,320,369 8,813,982 Advances 30,950,983 25,021,191 27,344,455 Fixed assets 322,619 315,190 317,732 Other assets 5,787,831 6,018,911 6,671,455 Total 51,376,976 42,903,473 46,910,456 2 STANDALONE CASH FLOW STATEMENT (? in Lakhs) PARTICULARS Hali year ended Year ended 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (._Audited) Cash flow from operating activities Net profit before taxes 266,993 195,158 459,400 Adjustments for: ESOP Compensation Expense 3,716 2,449 6,389 Depreciation for the period 32,136 27,583 57,185 Amortization/ (accretion) of premium/ (discount) on investments (net) (16,231) (10,306) (24,059) Provision for / revaluation of investments (21,668) (30,263) (74,871) Provision for standard advances 10,757 (1,535) 36,967 Provision/write off of non performing advances 124,308 170,079 271,763 Other provisions 13,757 (7,776) 13,907 (Profit)/Loss on sale of land, building & other assets 132 (372) 511 (i) 413,900 345,017 747,192 Adjustments for: Increase/ (Decrease) in Deposits 3,503,458 1,175,060 3,444,431 Increase/ (Decrease) in Other Liabilities (618,839) 168,251 1,302,891 (Increase)/Decrease in Investments (395,780) 49,841 185,990 (lncrease)/Decrease in Advances (3,730,835) (572,424) (2,997,371) (Increase)/Dec;rease in Other assets 791,512 58,141 (666,623) (ii) (450,484) 878,870 1,269,318 Payment of direct taxes (iii) 92,795 26,469 104,788 Net cash generated from/ (used in) operating activities (A) (i+ii+iii) 56,211 1,250,356 2,121,298 Cash flow from investing activities Purchase of fixed assets (38,812) (38,463) (72,578) Proceeds from sale of fixed assets 1,657 2,605 3,692 (Increase)/Decrease in Held To Maturity (HTM) securities (790,540) 168,774 (426,855) Net cash generated from/ (used in) investing activities (B) (827,695) 132,916 (495,741)
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✓vESBANK 2 ST AND ALONE CASH FLOW STATEMENT (Contin11ed) 3 4 5 6 7 8 (' in Lakhs) PARTICULARS Half year ended Year ended 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Audited) Cash flow from financing activities Increase/ (Decrease) in Borrowings 1,287,066 (909,339) (284,020) Tier 1/11 Debt repaid during the period - (55,420) (389,920) Proceeds from issue of Share Capital (net of share issue expense) 1,290 2,518 3,400 Net cash generated from/ (used in) financing activities (C) 1,288,356 (962,241) (670,540) Effect of exchange fluctuation on translation reserve (D) 360 879 1,912 Net Increase/ (Decrease) in cash and cash equivalents (A+B+C+D) 517,232 421,910 956,929 Cash and cash equivalents as at the beginning of the period 3,762,832 2,805,903 2,805,903 Cash and cash equivalents as at the period/year end 4,280,064 3,227,813 3,762,832 The above standalone financial results of YES BANK Limited ('the Bank') have been reviewed and recommended by the Audit Committee of the Board of Directors and approved and taken on record by the Board of Directors at their respective meetings held on October 16, 2026 and October 17, 2026. These financial results for the quarter and the half year ended September 30, 2026 have been subjected to limited review by the joint statutory auditors of the Bank (CNK & Associates LLP, Chartered Accountants and M S K A & Associates LLP, Chartered Accountants , formerly known as M S K A & Associates ) and they have issued an modified review report thereon. The previous period results were reviewed / audited by G.M. Kapadia & Co., Chartered Accountants. and CNK & Associates LLP, Chartered Accountants. These standalone financial results have been prepared in accordance with the recognition and measurement principles as laid down in the accounting standards notified under section 133 of the Companies Act 2013 read together with the Companies (Accounting Standards) Rules, 2021 to the extent applicable , Generally Accepted Accounting Principles in India (Indian GAAP), the guidelines issued by the Reserve Bank of India ('RBI') from time to time and practices generally prevalent in the banking industry in India, and is in accordance with the extant requirements of Regulation 33 and Regulation 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('the LODR Regulations') as amended including relevant circulars issued by the Securities and Exchange Board of India ('SEBI') from time to time. The Bank has applied its significant accounting policies in the preparation of these financial results, consistent with those followed in the annual financial statements for the year ended March 31, 2026. Any application guidance / clarifications /circulars / directions issued by the RBI or other regulators are implemented prospectively as and when they become applicable, unless specifically required under those application guidance/ clarifications /circulars/ directions otherwise . During the quarter and half year ended September 30, 2026, the Bank has allotted 2,305,490 and 9,310,662 equity shares of ~ 2/- each respectively, pursuant to the eJ<ercise of stocks options by employees under the approved employee stock option schemes . Other income includes fees and commission earned from guarantees/letters of credit, loans, financial advisory fees, selling of third party products, earnings from foreign exchange transactions, profit/loss from sale of securities, fair valuation of investments, interest on income tax refund and miscellaneous income. The disclosures for NPA referred to in point 17(iv) above correspond to Non Performing Advances. Return on assets is computed using a simple average of total assets at the beginning and at the end of the relevant period. On March 5, 2020, Central Government in terms of Section 45 of the Banking Regulation Act, 1949 ("BR Act") imposed moratorium on the Bank. Reserve Bank of India ("RBI") in exercise of its powers conferred under Section 36ACA of the BR Act superseded the then Board of Directors and appointed an Administrator to manage the affairs of the Bank w.e.f. March 5, 2020. Subsequently, on March 13, 2020, through the 'YES Bank Limited Reconstruction Scheme, 2020' ("the Yes Bank Reconstruction Scheme"), relevant auth orities (i.e., Central Government in consultation with RBI decided to "reconstitute" the Bank. Further, in terms of the Yes Bank Reconstruction Scheme, the Administrator was to continue in office until the Board of Directors mentioned in the Yes Bank Reconstruction Scheme assumed office, i.e., on March 26, 2020. In light of the above, the Administrator, on behalf of the Bank, consequent to the invocation of Section 45 of the BR Act and to protect the interest of the Bank and its depositors, was constrained to write down two tranches of the Additional Tier I Bonds (" AT-I Bonds") issued in 2016 and 2017, in compliance with the contractual covenants and applicable RBI guidelines, on March 14, 2020. Aggriev ed by the said write down of A T-1 ~onds, AT-I Bondholders filed various writ petition(s), challenging the decision of the Bank to write down the AT-I Bonds since 2020. The same are pending adjudication , save and except the batch of writ petition(s) filed before the Hon 'ble Bombay High Court and one writ petition before the Hon 'ble Madras High Court (as mentioned below) . Judgment dated September 30, 2020 of the Hon'ble Madras High Court ("MHC"): The RBI Master Circular on Basel Ill Capital Regulations , in so far as it relates to issuance and write down of AT-1 Bonds, was challenged betore the u1v1s1011 be11c11 ot tl1e Ho11 ble !VIHL 111 u,e vvm 1Jettt1011 titled LJtyush bokarta vs. 1<.eserve tiank of l!Hlla a11ll Ors., (1.Jl!lltg 1/v.l'. (Civil) 12586 of 2020). The Hon'ble MHC vide its judgment dated September 30, 2020 upheld the validity of the RBI Master Circular in relati on to the AT-1 Bonds. Additionally, with respect to the aspect of writing down of AT-1 Bonds, the Hon'ble MHC observed that one of the features of AT• 1 Bonds is that they can be written-down before the equity shares bear losses and considering that the Petitioners purchased the AT-1 Bonds in the secondary market, they ca1mot claim to be ignorant of the terms and conditions thereof. The Hon'bl e MHC also noted the loss absorbency feature of the A -1 Bonds and dismissed the Writ Petitio~ . ~oc ~ I> ~) ~':. _,. -~~ .... .,rt ,,c,o\),'C'\~ • • ---
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✓vESBANK Judgment dated January 20, 2023 of the Hon'ble Bombay High Court ("BHC"): Multiple writ petition(s) were filed before the Hon'ble BHC challenging the write down of AT-I Bonds and the stock exchange intimation dated March 14, 2020 made in relation to the write down. The Hon'ble BHC vide its judgment dated January 20, 2023 set aside the stock exchange intimation and decision of the Bank to write down the AT-I Bonds ("Judgment") . Proceedings before the Hon'ble Supreme Court of India ("Supreme Court"): Aggrieved by the Judgment of the Hon'ble BHC, the Bank, Administrator, the RBI and the Central Government filed separate Special Leave Petition(s) ("SLPs") before the Hon'ble Supreme Court challenging the Judgement of Hon'ble BHC. State Bank of India was also impleaded as party to this proceeding. • Impact of Hon'ble Supreme Court Judgment relating to Additional Tier-1 Bonds The Hon'ble Supreme Court of India, vide its judgment dated October 15, 2026, in the proceedings relating to the write-down of Additional Tier-1 Bonds (" AT-I Bonds") aggregating to ~8,415 crore, undertaken in March 2020 in connection with the reconstruction of YES BANK Limited ("Bank"), upheld the judgment dated January 20, 2023 passed by the Hon'ble Bombay High Court and dismissed the appeals filed by the Bank, the Administrator , the Reserve Bank of India and the Union of India. The Bank is presently evaluating the consequential implications of the judgment , including the decisions and actions required to give effect to it, the manner and timing of implementation, and the resulting financial and accounting implications . The Bank is also evaluating, in consultation with its legal advisers, all legal remedies available to it, including such further proceedings as may be maintainable before the Hon'ble Supreme Court . Pending completion of this evaluation and determination of the consequential actions and appropriate accounting treatment, the potential financial impact arising from the judgment has not been recognised in the books of account or incorporated in the report ed financial results for the quarter and half year ended September 30, 2026. Any consequential financial impact including regulatory and financial ratio will be recognised in accordance with the applicable accounting requirements, having regard to the determination of such consequential matters and further legal developments, as applicable. For information and transparency, the table below sets out a comparison of the Bank's reported financial parameters and the corresponding proforma parameters, assuming the estimated financial impact of the judgment had been recognised as at September 30, 2026. These proforma figures are indicative and unaudited, do not represent the Bank's reported financial position, and are subject to revision .based on the determination of the consequential actions, further legal assessment and the appropriate accounting treatment. Accordingly, the proforma impact of the restatement of AT-I bonds principal amount is set out below : As re,orted Proform.a Quarter Half Year Quarter Half Year PARTICULARS ended ended ended ended 30.09.2026 30.09.2026 30.09.2026 30.09.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net Profit (Rs in crores) 1,080 2,151 (5,217) " (4,146) • Cavital Adeouacv ratio - Basel III 14.5% 14.5 % 14.5% 14.5% Return on assets (average ) {annualized ) 0.9% 0.9 % (4.3%) (1.7%) Net worth !Rs in crores) 53,268 53,268 46,970 46.970 BorrowinR;s 77.734 77,734 86.149 86,149 ""Post tnx 10 The Bank has not issued any secured listed non-convertible debt securities and hence accordingly there is no outstanding secured listed non convertible debt securities as on September 30, 2026. Hence, the disclosure requirements of Regulation 54 of the LODR Regulations with respect to the extent and nature of security created and maintained and security cover available, are not applicable . 11 Details of resolution plans implemented under the Resolution Framework for COVID-19 related stress as per RBI circular dated August 6, 2020 (Resolution Framework 1.0) and May 5, 2021 (Resolution Framework 2.0) as at September 30, 2026 are given below: (A) (C) (D) (E) ~ in C,ores/ Type of borrower Exp051lle to a.ccowtts Of (A), aggregate debt Of (A), amount written Of (A), amount paid by Exposure to account, ~•ified as Standard that slipped into NP A off during the half- year the borrower. during the classified as Standard comequent to during half-year half -year consequent to implementation of implementation of re.alution plan - Pa.ition resolution plan - Pa.ilion as al the end of the as at the end of this h.tlf. previou• half-year (A) year Perso n,.J Loans ?.39 0.03 0.87 1.-.19 Corporate Person's• 30.59 3.b5 ?.98 23.97 Ofwluch. MS.WE's 20.92 3.65 LIO 15.S7 Others 132.1-! 1.77 0.0-! 14.21 llti.13 Total 165.12 5.45 0.04 18.06 141.59 • Ntl No11-Frmd Based Exposure outsbmdmg /IS nt tire wd of tire foilf-yem· ended 5•7'lc111be1 30. 2026.
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✓vESBANK 12 Details of loans transferred / acquired during the half year ended September 30, 2026 under the Reserve Bank of India (Commercial Banks - Financial Statements: Presentation & Disclosures) Directions, 2025 are given below: (i) The Bank has not transferred any stressed loans - Non Performing Assets (NP A) during the half year ended September 30," 2026. (ii) The Bank has not acquired any non-performing assets during the half year ended September 30, 2026. (iii) Net book value of the security receipts ('SRs') held by the Bank is Nil as on September 30, 2026 and hence rating wise distribution has not been disclosed. (iv) The Bank has not transferred/ acquired any Special Mention Accounts during the half year ended September 30, 2026. (v) Details of loans not in default acquired, loans transferred/ acquired through assignment during the half year ended September 30, 2026 are given below: Loans Acquired Loans Sold Aggregate amount of loans acquired(~ in crore) 5,485 211 1,,Veighted average residual maturity (in years) . 7.10 19.53 1,,Veighted average holding period by oliginator (in years) 0.82 0.39 Retention of beneficial economic interest by the 01iginator 36.70°0 7O.32°h I angible security coverage 90.94°& 103.0°;; In addition, the Bank has acquired facilities amounting to ~ 549 crores and sold facilities amounting to ~ 384 crores during the half year ended September 30, 2026 through novation. (vi) Rating wise distribution of rated loans transferred/ acquired through assignment/participation during the half year ended September 30, 2026 are given below: Rating Agency Ratings Loans Acquired Loans Sold (tin crore) (tin crore) ICRA AA+ 1,250 - CRlSIL AA 200 - ICRA A.A- - 211 IND BBB+ 200 - Cmated 3,835 - Total 5,485 211 (vii) Rating wise distribution of rated loans transferred/ acquired through novation during the half year ended September 30, 2026 are given below: Rating Agency Ratings Loans Acquired Loans Sold (~ in crore) (~ incrore) ICRA AA - 384 Unrnted 549 - Total 549 384 13 As on September 30, 2026, the Bank has one subsidiary YES Securities (India) Limited. 14 Details of Co-Lending Arrangements (CLAs) as per Reserve Bank of India (Commercial Banks - Transfer and Distribution of Credit Risk) ( a!' in crore ) SrNo Particulars As at September 30, 2026 l Quantum of CLA • ,1 N11n1/Jc1 of CL-\ P111 t11crs (Nos) 3 b N1u11be1 of 01tts/1llldi11,'< c,1ses (Nos) 259,850 c Anw1t11/ o{G,oss 01</st,111di11R f 3,869.66 CIOIC 2 Weighted a\'erage rate of Interest ( 0 b) 12.57°b 3 Fees Paid during the quarter a!' 1.47 crores loans against Properties, 4 Broad Sector in which CL\ was made Gold and Personal loan Standard loans (Including S:\IA): { 5 Performance of loans under ClA 3,858.14 crore >Jon Performing loans:~ 11.52 crore 6 Details of Default loss Guilrilntee - '+- Rcp1cscnt 111h111 11 ccs Net o{IV, 1t1.:-otf
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✓VESBANK 15 Details of projects under implementation as per Reserve Bank of India (Commercial Banks - Financial Statements: Presentation and Disclosures) Directions, 2025 dated November 28, 2025 SI.No Item Description Number of AcconntsS Total ontstanding Cm f croreJt l Proiects unde r imolementation accounts at the beginning of the quarte r. 2 Proiects under imolementation accounts sanctioned during the quarter .(! l 3 Projects under implementation accounts where DCCO has been achieved durine: the anarter .l Projects unde r in1olementation accounts at the end of the quarte r. (l + 2-3) • 5 Out ol 'f - acto\Ults ,.n ~ oi which re5-0lution pi-<X~ m,•olvm g edensl on in orig inal/e>.1ended DCCO, as the case mav be has been invoked . 5.1 Ont of ·5· - accounts in respect of which R<!'SOlubon plan has been in1plemented . 5.2 Ont of '5' - accounts in re~t of which Resolution plan is under imolementation 5_3 Ont oi ·y - accounts in r"""""t of which Resolution olan has failed Out of ·s·. accounts in respect of which resolution process im•ohing extens ion 6 in original / e.,1ended DCCO , as the case may be has been invoked due to change in scooe and size of the project. 7 Ont of ·s·. account in respect of which cost overrun associated "ith e, tension in original/e,:tended DCCO , as the case mav be, was funded 7.1 Out of '7. accounts whe re SBCF was sanctioned during financial closure and renewed continuouslv 7.2 Ont of'7, accounts where 5BCF was not pre-sanctioned or renewed continuouslv s Ont of '.l' - accounts in respect of which resolution process not invohing ex-tension in orieinal / e>.tend Nl DCCO, as the case mav be has been im•oke d. S.l Out o ·s· - accounts m ~t of wluch Resolun onpl.m ms been unplemem ed. S.1 Out of ·s· - accounts in respect of which R...-..olution plan is under implementation S.3 Out of s· - accounts in respect of wluch Resolution plan has failed . # "Total Outstanding" represents only projects wider implementation with Fund based Outstanding. $ "N11mber of Acco1111ts" represents N11mber of Projects 11nder implementation. 75 5.397 .3:! 16 973.91 11 631.05 so 6,391.63 9 56330 l 75J)() s 788.30 0 - l 2-1.92 0 . 0 . 0 . 0 - 0 . 0 0 . (1) Projects under i111ple111entation disbursed during the q11arter are reported 11nder "Projects under implementation sanctioned d11ring the q11arte.r." This exc/11des tranches disbursed in the rnrrent quarter for existing projects. *Includes quarterly movement off 651.44 crore in projects 11nder implementation due to disb11rsements, repayments and reclassification. Total Outs/anding as at the beginning of the quarter is reported for "Projects 11nder implementation accounts at the beginning of the quarter" & "Projects 11nder implementation accou11ts where DCCO has been ac/iieved d11ri11g the q11arter. '·' Total Outstanding as at the e11d of the quarter is reported for "Projects under implementation accou11ts sanctioned during the quarter" & "Projects under i111ple111e11tatio11 accounts at the end of tlie quarter." 16 Previous period figures have been regrouped / reclassified wherever necessary to conform to current period classification. For YES BANK Limited k Place: Mumbai Vinay M. Tonse Date: October 17, 2026 Managing Director & CEO . , I .-\ t 1 ~~~ Cl
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C N K ft Associates LLP Chartered Accountants 3rd Floor, Mistry Bhavan, Dinshaw Vachha Road, Churchgate, Mumbai 400 020 M S KA ft Associates LLP (formerly known as M S KA ft Associates) Chartered Accountants 602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali, Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400 063, INDIA Tel: +91 22 6974 0200 Independent Auditor's Review Report on una.udited consolidated financial results for the quarter and half year ended September 30, 2026 of the YES BANK Limited pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended The Board of Directors of YES BANK Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results of YES BANK Limited ('the Bank') and its subsidiary (the Bank and its subsidiary together referred to as 'the Group'), for the quarter and half year ended September 30, 2026 ('the Statement'), being submitted by the Bank pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Listing Regulations') except for the disclosures relating to consolidated Pillar 3 as at September 30, 2026, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel Ill Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 9 of the Statement and have not been reviewed by us. 2. This Statement, which is the responsibility of the Bank's Management and approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 "Interim Financial Reporting' ('AS 25'), prescribed under Section 133 of the Companies Act, 2013, ('the Act') read with relevant rules thereunder, in so far as they apply to the Bank, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (the 'RBI')" from time to time (the 'RBI Guidelines') and other accounting principles generally accepted in India and is in compliance with the Listing Regulations. Our responsibility is to express a concl.usion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified·under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters.that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33 (8) of the Listing Regulations, as amended, to the extent applicable. ·- ~: ~- - ~. '!>.,"> • ,_.. 'tee.·~., t Page 1 of 3
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C N K & Associates LLP Chartered Accountants MS KA & Associates LLP (formerly known as MS KA & Associates) Chartered Accountants 4. The Statement includes the results of the Bank and the following entity: Name of the Entity Relationship with the Bank YES Securities (India) Limited Subsidiary 5. Basis for Qualified Conclusion: We draw attention to Note 10 to the Statement, which describes the Bank's position on the judgment pronounced by Honorable Supreme Court dated October 15, 2026. As per the order, Hon'ble Supreme Court of India, has upheld the judgment of the Hon'ble Bombay High Court and dismissed the appeal filed by the Bank relating to the write down of Additional Tier 1 (AT1) Bonds amounting to ~8,415 crore. The Bank is presently evaluating the consequential implications of the judgment, including the decisions and actions required to give effect to it, the manner and timing of implementation, and the resulting financial and account~ng implications. Consequently, the Statement does not reflect the resultant financial impact of the aforesaid judgement. Had such impact been recognized, the reported financial position and financial performance of the Bank may have been materially different as stated in Note 10 to the Statement. 6. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of the other auditor referred to in paragraph 7 below, with the exception of the matter described in the paragraph 5 and the effect thereon nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down AS 25 prescribed under Section 133 of the Act read with relevant rules issued thereunder, the RBI Guidelines and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed-in terms of the Listing Regulations, including the manner in which it is to be disclosed or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters except for the disclosures relating to consolidated Pillar 3 disclosure as at September 30, 2026, including leverage ratio, liquidity coverage ratio a.nd net stable funding ratio under Basel Ill Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 9 of the Statement and have not been reviewed by us. 7. We did not review the interim financial results of subsidiary included in the statement, whose interim financial results reflect total assets of ~1,58,644 Lakhs (before consolidation adjustments) as at September 30, 2026 and total revenues of ~8,356 Lakhs (before consolidation adjustments) and ~16,645 Lakhs (before consolidation adjustments) and total net profit after tax of N13 Lakhs (before consolidation adjustments) and N94 Lakhs (before consolidation adjustments) for the quarter and half year ended September 30, 2026, respectively, and cash flows of ~24 Lakhs for the half year ended September 30, 2026, as considered in the Statement. These interim financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of the above matter . Page 2 of 3
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C N K & Associates LLP Chartered Accountants M S KA 8: Associates LLP (formerly known as M S KA 8: Associates) Chartered Accountants 8. The Statement includes the unaudited consolidated financial results of the Bank for the quarter ended June 30, 2026 and corresponding quarter and half year ended September 30, 2025 and audited consolidated financial results for the year ended March 31, 2026 which '('(ere reviewed/audited by one of the current joint statutory auditors and predecessor joint statutory auditor and they expressed an unmodified conclusion/ opinion on those unaudited consolidated financial results/ audited consolidated financial results vide their report dated July 18, 2026, October 18, 2025 and April 18, 2026 respectively. Our conclusion is not modified in respect of the above matter. For C N K & Associates LLP Chartered Accountants ICAI Firm Registration Number: 101961W/ W100036 ~ · Sures Agaskar Partner Membership Number: UDtN: 26110321 ZWIBSP6582 October 17, 2026 Mumbai For MS KA & Associates LLP (Formerly Known as M S K A & Associates) Chartered Accountants ICAI Firm Registration Number: 105047W /W101187 ,~~ Prateek Khandelwal Partner Membership Number: 139144 UDIN: 26139144PGCHNM7878 October 17, 2026 Mumbai Page 3 of 3
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Sr No. 1 (a) (b) (c) (d) 2 3 4 5 (i) (ii) 6 7 , 8 9 10 11 12 13 14 15 16 17 18 19 (i) (ii) (iii) (iv) (a) (b) (c) (d) (v) ✓vESBANK YES BANK Limited Regd. Office: YES BANK House, Off Western Express Highway, Santacruz East, Mumbai - 400055, India Website : www.yes.bank.in Email Id: shareholders@yes .bank.in UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 (~ in Lakhs) Quarter ended Half Year ended Year ended PARTICULARS 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Interest earned (a)+(b)+(c)+(d) 864,954 805,449 738,875 1,670,404 1,499,337 3,020,845 Interest/ discount on advances/bills 659,991 610,714 563,292 1,270,705 1,139,819 2,300,819 Income on investments 155,012 147,874 128,452 302,886 264,800 542,370 Interest on balances with Reserve Bank of India and other inter-bank funds 21,573 15,555 11,236 37,129 22,582 40,960 Others 28,378 31,306 35,895 59,684 72,136 136,696 Other Income (Note 6) 195,245 187,050 172,438 382,295 354,893 708,430 TOT AL INCOME (1 +2) 1,060,199 992,499 911,313 2,052,699 1,854,230 3,729,275 Interest Expended ' 582,976 526,901 509,263 1,109,877 1,032,755 2,045,028 Operating Expenses (i)+(ii) 308,884 295,045 271,050 603,930 553,606 1,128,666 Payments to and provisions for employees 120,433 118,133 104,578 238,567 210,229 440,136 Other operating expenses 188,451 176,912 166,472 365,363 343,377 688,530 TOTAL EXPENDITURE (4+5) (excluding provisions and contingencies) 891,860 821,946 780,314 1,713,807 1,586,361 3,173,694 Operating Profit (before Provisions and Contingencies)(3-6) 168,339 170,553 130,999 338,892 267,869 555,581 Provisions (other than Tax expense) and Contingencies 41,894 71,187 70,295 91,239 (net) 31,739 39,448 Exceptional Items - - - - - - Profit from ordinary activities before tax (7-8-9) 136,600 131,105 89,105 267,705 197,574 464,342 Tax Expense 28,188 23,924 22,661 52,112 50,260 113,137 Net profit from Ordinary Activities after tax before Minority Interest (10-11) 108,412 107,181 66,443 215,593 147,314 351,205 Extraordinary Items (Net of tax) - - - - - - Net profit after tax before Minority Interest (12-13) 108,412 107,181 66,443 215,593 147,314 351,205 Less: share of Minority Interest 4 1 12 5 17 34 NET PROFIT (14-15) 108,408 107,180 66,431 "215,588 147,297 351,171 Paid-up equity Share Capital (Face value oft 2 each) 627,781 627,735 627,446 627,781 627,446 627,595 Reserves & Surplus excluding revaluation reserves 4,488,250 Analytical ratios: Percentage of Shares held by Government of India Nil NIL Nil Nil Nil Nil Capital Adequacy ratio - Basel III 14.6% 15.2% 15.0% 14.6% 15.0% 15.4% Earnings per share for the period (not annualized)/ year (annualized) before and after extraordinary items - Basic t 0.35 0.34 0.21 0.69 0.47 1.12 - Diluted t 0.34 0.34 0.21 0.68 0.47 1.12 NP A ratios (Note 7) Gross NPA 387,523 370,485 405,531 387,523 405,531 360,493 NetNPA 75,705 67,685 77,084 75,705 77,084 65,300 % of Gross NP A 1.2% 1.3% 1.6% 1.2% 1.6% 1.3% % of Net NPA 0.2% 0.2% 0.3% 0.2% 0.3% 0.2% Return on assets (average) (annualized) (Note 8) 0.9% 0.9% 0.6% 0.9% 0.5% 0.8%
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✓YES BANK CONSOLIDATED SEGMENT AL RESULTS ~ in Lakhsl Quarter ended Half Year ended Year ended Sr PARTICULARS 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 No (Ynaudite~ (!Jnaudited) {Unaudite<!) 0.151301668 (Unaudited) (Audited) 1 Se=ent revenue ' (a) Treasury 217,007 213,510 177,649 430,517 416,472 772,113 (b) Corporate Banking 364,317 337,004 303,559 701,321 604,638 1,233,266 (c) Retail Banking 439,691 404,671 377,914 844,362 762,182 1,542,126 i. Digital Banking . 38 32 13 71 21 57 ii. Other Retail Banking ' 439,653 404,639 377,901 844,291 762,161 1,542,069 (d) Other Banking Operations 33,920 25,704 34,465 59,624 59,046 134,128 (e) Unallocated 7,540 11,951 490 19,492 189 10,505 Total 1,062,475 992,840 894,078 2,055,316 1,842,526 3,692,138 Add/ (Less): Inter Sevnent Revenue (2,276) (341) 17,235 (2,617) 11,704 37,137 Income from Operations 1,060,199 992,499 911,313 2,052,699 1,854,230 3,729,275 2 Segmental Results (a) Treasury 71,526 50,676 37,978 122,202 140,656 276,003 (b) Corporate Banking 57,043 62,998 80,175 120,041 158,706 319,569 (c) Retail Banking (1,462) 3,572 (35,813) 2,110 (102,617) (164,893) i. Digital Banking (41) (39) (36) (80) (79) (169) ii. Other Retail Banking (1,421) 3,611 (35,777) 2,190 (102,538) (164,724) (d) Other Banking Operations 19,723 12,210 19,486 31,933 31,242 76,954 (e) Unallocated (10,230' 1,649 (12,722) (8,581) (30,414) (43,291) Profit before Tax 136,600 131,105 89,105 267,705 197,574 464,342 3 Segment Assets (a) Treasury 18,424,683 15,379,628 16,104,737 18,424,683 16,104,737 17,324,953 (b) Corporate Banking 16,459,806 16,428,312 12,820,428 16,459,806 12,820,428 15,286,462 (c) Retail Banking 15,528,553 13,436,892 12,991,526 15,528,553 12,991,526 13,362,115 i. Digital Banking 149 159 164 149 164 159 ii. Other Retail Banking 15,528,404 13,436,733 12,991,363 15,528,404 12,991,363 13,361,956 (d) Other Banking Operations 133,183 116,803 119,926 133,183 119,926 103,073 (e) Unallocated 949,400 954,131 979,450 949,400 979,450 943,804 Total 51,495,625 46,315,766 43,016,067 51,495,625 43,016,067 47,020,407 4 Segment LiabiHties (a) Treasury 10,632,017 9,118,565 7,431,475 10,632,017 7,431,475 9,528,239 (b) Corporate Banking 14,586,072 13,299,533 12,653,220 14,586,072 12,653,220 13,611,403 (c) Retail Banking 20,834,938 18,558,958 17,851,332 20,834,938 17,851,332 18,654,319 i. Digital Banking 1,655 1,766 566 1,655 566 1,481 ii. Other Retail Banking 20,833,283 18,557,192 17,850,766 20,833,283 17,850,766 18,652,832 (d) Other Banking Operations 49,312 50,500 43,272 49,312 43,272 49,905 (e) Unallocated 55,487 44,099 109,574 55,487 109,574 60,225 Capital and Reserves 5,337,799 5,244,111 4,927,195 5,337,799 4,927,195 5,116,316 Total 51,495,625 46,315,766 43,016,067 51,495,625 43,016,067 47,020,407 1. The disclosure on segmental reporting has been prepared in accordance with Securities and Exchange Board of India (SEBI) Master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 November 11, 2024 read with circular No. CIR/CFD/FAC/62 /2016 dated July 5, 2016 on "Revised Formats for Financial Results and Implementation of Ind AS by Listed Entities" . 2. Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting structure, guidelines prescribed by the RBI and in accordance with the Accounting Standard 17 - "Segment Reporting". Accordingly, this disclosure has been prepared basis principles laid down in the regulatory guidelines which is distinct from the internal business segments reporting of the Bank. 3. Segment-wise principal activiti es: Treasury includes investments, all financial markets activities undertaken on behalf of the customers, proprietary trading, maintenanc e of reserve requirements and resource mobilisation from other banks and financial institutions. Corporate Banking includes lending, deposit taking and other services offered to corporate customers. Retail Banking includes lending, deposit taking and other services offered to retail customers and furth er includes low value of individual exposures identified as per RBI guidelines. Sub-segment 'Digital Banking' represents segment results pertaining to Digital Banking Units ('the DBUs') of the Bank. Other Banking Operations include para banking activities like third party product distribution which is undertaken through branches, custody, clearing and demat operations etc. • larg ely concentrated in India. Business condtt1:te i through IFSC Banking Unit ('!BU') of the Bank situated in GIFT City, Gujarati eas operation that is subject to diffo than domestic operations of the Bank. Since re_venue, result or I , . assets en k's !BU operations do not meet disc e are no separat e reportable geograp ., ( "
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✓VESBANK Notes: 1 CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES (~ in Lakhs) PARTICULARS Asat Asat Asat 30.09.2026 30.09.2025 31.03.2026 nrnaudited\ lUnauditedl (Auditedl CAPITAL AND LIABILITIES Capital 627,781 627,446 627,595 Reserves and surplus 4,709,521 4,299,304 4,488,250 Minority interest 497 445 470 Deposits 35,400,369 29,627,066 31,896,923 Borrowings 7,841,010 6,265,102 6,545,082 Other liabilities and provisions 2,916,447 2,196,704 3,462,087 Total 51,495,625 43,016,067 47,020,407 ASSETS Cash and balances with Reserve Bank of India 2,729,357 1,475,416 1,674,518 Balances with banks and money at call and short notice 1,611,995 1,804,695 2,160,217 Investments 9,996,769 8,282,144 8,775,493 Advances 30,950,983 25,020,711 27,344,455 Fixed assets 324,800 316,948 319,782 Other assets 5,881,721 6,116,154 6,745,942 Total 51,495,625 43,016,067 47,020,407 2 CONSOLIDATED CASH FLOW STATEMENT (~ in Lakhs) PARTICULARS Half year ended Year ended 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Audited) Cash flow from operating activities Net profit before taxes 267,705 197,573 464,342 Adjustments for : ESOP Compensation Expense 4,011 2,574 7,301 Depreciation for the period 32,467 28,019 57,762 Amortization/ (accretion) of premium/ ( discount) on investments (net) (16,231) (10,306) (24,059) Provision for/ revaluation of investments (21,668) (30,263) (74,871) Provision for standard advances 10,757 (1,535) 36,967 Provision/write off of non performing advances 124,308 170,079 271,763 Other provisions 13,757 (7,776) 13,907 (Profit)/Loss on sale of land, building & other assets 132 (372) 512 (i) 415,238 347,993 753,624 Adjustments for: Increase/ (Decrease) in Deposits 3,503,446 1,185,063 3,454,920 Increase/ (Decrease) in Other Liabilities (620,027) 166,153 1,305,114 lncrease/(Decrease) in Investments (395,558) 50,086 186,498 (lncrease)/Decrease in Advances (3,730,835) (578,774) (3,004,202) (Increase)/Decrease in Other assets 772,669 23,100 (677,495) (ii) (470,305) 845,628 1,264,835 Payment of direct taxes (iii) 92,236 26,271 103,226 Net cash generated from/ (used in) operating activities (A) (i+ii+iii) 37,169 1,219,892 2,121,685 Cash flow from investing activities Purchase of fixed assets (39,273) (39,359) (73,907) Proceeds from sale of fixed assets 1,657 2,605 3,692 (Increase)/ Decrease in Held To Maturity (HTM) securities (790,540) 168,774 (426,855) Net cash generated from/ (used in) investing activities (B) (828,156) 132,020 (497,070) ~ ( •' ,,{ i \ ·-; .
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✓YESBANK 2 CONSOLIDATED CASH FLOW STATEMENT (Continued) (tin Lakhs) PARTICULARS Half year ended Year ended 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Audited) Cash flow from financing activities Increase/ (Decrease) in Borrowings 1,295,927 (876,622) (262,143) Tier II Debt raised - - - Innovative Perpetual Debt (repaid)/raised - - 0 Tier I/ II Debt repaid during the period - (55,420) (389,920) Proceeds from issuance of Equity Shares (net of share issue expense) 1,290 2,518 3,400 Increase/ (decrease) in Minority Interest 27 120 145 Dividend paid during the period - - - Tax on dividend paid - - - Net cash generated from/ (used in) financing activities (C) 1,297,244 (929,405) (648,518) Effect of exchange fluctuation on translation reserve (D) 360 879 1,912 Net Increase/ (Decrease) in cash and cash equivalents (A+B+C+D) 506,617 423,386 978,009 Cash and cash equivalents as at the beginning of the period 3,834,735 2,856,726 2,856,726 Cash and cash equivalents as at the period/year end 4,341,352 3,280,111 3,834,735 3 The above consolidated financial results of YES BANK Limited ('the Bank') and its subsidiary YES Securities (India) Limited (together referred to as 'the Group') have been reviewed and recommended by the Audit Committee of the Board of Directors and approved and taken on record by the Board of Directors at their respective meetings held on October 16, 2026 and October 17, 2026. These financial results fc;ir the quarter and the half year ended September 30, 2026 have been subjected to limited review by the joint statutory auditors of the Bank (CNK & Associates LLP, Chartered Accountants and MS KA & Associates LLP, Chartered Accountants, formerly known as MS KA & Associates) and they have issued an modified review report thereon. The previous period results were reviewed / audited by G.M. Kapadia & Co., Chartered Accountants and CNK & Associates LLP, Chartered Accountants. 4 These consolidated financial results have been prepared in accordance with the recognition and measurement principles as laid down in the accounting standards notified under section 133 of the Companies Act 2013 read together with Companies (Accounting Standards) Rules, 2021 to the extent applicable, Generally Accepted Accounting Principles in India (Indian GAAP), the guidelines issued by the Reserve Bank of India ('RBI') from time to time and practices generally prevalent in the banking industry in India, and is in accordance with the extant requirements of Regulation 33 and Regulation 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('the LODR Regulations') as amended including relevant circulars issued by the Securities and Exchange Board of India ('SEBI') from time to time. The Group has applied its significant accounting policies in the preparation of these financial results, consistent with those followed in the annual consolidated financial statements for the year ended March 31, 2026. Any application guidance / clarifications / circulars / directions issued by the RBI or other regulators are implemented prospectively as and when they become applicable, unless specifically required under those application guidance / clarifications / circulars / directions otherwise. 5 During the quarter and half year ended September 30, 2026, the Bank has allotted 2,305,490 and 9,310,662 equity shares of ~ 2/- each respectively, pursuant to the exercise of stocks options by employees under the approved employee stock option schemes. 6 Other income includes fees and commission earned from guarantees/letters of credit, loans, financial advisory fees, selling of third party products, earnings from foreign exchange transactions, profit/loss from sale of securities, fair valuation of investments, interest on income tax refund and miscellaneous income. 7 The disclosures for NPA referred to in point 17(iv) above correspond to Non Performing Advances. 8 Return on assets is computed using a simple average of total assets at the beginning and at the end of the relevant period. 9 As per RBI guidelines, banks are required to make consolidated Pillar 3 disclosures including Leverage Ratio, Liquidity Coverage Ratio and Net Stable Funding Ratio (NSFR) under the Basel III Framework. These disclosures have not been subjected to audit or review by the joint statutory auditors of the Bank. These disclosures would be made available on the Bank's website at https://www.yesbank.in/footer/regulatory policies /regulatory-disclosures-section . 10 On March 5, 2020, Central Government in terms of Section 45 of the Banking Regulation Act, 1949 ("BR Act") imposed moratorium on the Bank. Reserve Bank of India ("RBI") in exercise of its powers conferred under Section 36ACA of the BR Act superseded the then Board of Directors and appointed an Administrator to manag e the affairs of the Bank w.e.f. March 5, 2020. Subsequently, on March 13, 2020, through the 'YES Bank Limited Reconstruction Scheme, 2020' ("the Yes Bank Reconstruction Scheme"), relevant authorities (i.e., Central Government in consultation with RBI decided to "reconstitute" the Bank. Further, in terms of the Yes Bank Reconstruction Scheme, the Administrator was to continue in office until the Board of Directors mentioned in the Yes Bank Reconstruction Scheme assumed office, i.e., on March 26, 2020. In light of the above, the Administrator, on behalf of the Bank, consequent to the invocation of Section 45 of the BR Act and to protect the interest of the Bank and its depositors, was constrained to write down two tranches of the Additional Tier I Bonds (" AT-I Bonds") issued in 2016 and 2017, in compliance with the contractual covenants and applicable RBI guid elines, on March 14, 2020. Aggri ev 'Ai,::,;::=:::,..__ • down of AT-I Bonds, AT-[ Bondholders filed various writ petition(s), challenging the decision of the Bank to write 2020. The same are pending adjudicatiqn ,-- sa~ '<!!Jd except the batch of writ petition(s) filed before the Hon'ble r..,,11'1:, '>'la"> writ petition before the Hon'ble Ma !~ !:> - ~ • entioned below). •4 ••
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✓vESBANK Judgment dated September 30, 2020 of the Hon'ble Madras High Court ("MHC"): The RBI Master Circular on Basel III Capital Regulations, in so far as it relates to issuance and write down of AT-1 Bonds, was challenged before the Division Bench of the Hon'ble MHC in the Writ Petition titled Piyush Bokaria Vs. Reserve Bank of India and Ors., (being W.P. (Civil) 12586 of 2020). The Hon'ble MHC vide its judgment dated September 30, 2020 upheld the validity of the RBI Master Circular in relation to the AT-1 Bonds. Additionally, with respect to the aspect of writing down of AT-1 Bonds, the Hon'ble MHC observed that one of the features of AT-1 Bonds is that they can be written-down before the equity shares bear losses and considering that the Petitioners purchased the AT-1 Bonds in the secondary market, they cannot claim to be ignorant of the terms and conditions thereof. The Hon'ble MHC also noted the loss absorbency feature of the AT-1 Bonds and dismissed the Writ Petition. Judgment dated January 20; 2023 of the Hon'ble Bombay High Court ("BHC"): Multiple writ petition(s) were filed before the Hon'ble BHC challenging the write down of AT-I Bonds and the stock exchange intimation dated March 14, 2020 made in relation to the write down. The Hon'ble BHC vide its judgment dated January 20, 2023 set aside the stock exchange intimation and decision of the Bank to write down the AT-I Bonds ("Judgment"). Proceedings before the Hon'ble Supreme Court of India ("Supreme Court"): Aggrieved by the Judgment of the Hon'ble BHC, the Bank, Administrator, the RBI and the Central Government filed separate Special Leave Petition(s) ("SLPs") before the Hon'ble Supreme Court challenging the Judgement of Hon'ble BHC. State Bank of India was also impleaded as party to this proceeding. Impact of Hon'ble Supreme Court Judgment relating to Additional Tier-I Bonds The Hon'ble Supreme Court of India, vide its judgment dated October 15, 2026, in the proceedings relating to the write-down of Additional Tier- 1 Bonds (" AT-I Bonds") aggregating to tS,415 crore, undertaken in March 2020 in connection with the reconstruction of YES BANK Limited ("Bank"), upheld the judgment dated January 20, 2023 passed by the Hon'ble Bombay High Court and dismissed the appeals filed by the Bank, the Administrator, the Reserve Bank of India and the Union of India. The Bank is presently evaluating the consequential implications of the judgment, including the decisions and actions required to give effect to it, the manner and timing of implementation, and the resulting financial and accounting implications. The Bank is also evaluating, in consultation with its legal advisers, all legal remedies available to it, including such further proceedings as may be maintainable before the Hon'ble Supreme Court. Pending completion of this evaluation and determination of the consequential actions and appropriate accounting treatment, the potential financial impact arising from the judgment has not been recognised in the books of account or incorporated in the reported financial results for the quarter and half year ended September 30, 2026. Any consequential financial impact including regulatory and financial ratio will be recognised in accordance with the applicable accounting requirements, having regard to the determination of such consequential matters and further legal developments, as applicable. For information and transparency, the table below sets out a comparison of the Bank's reported financial parameters and the corresponding proforma parameters, assuming the estimated financial impact of the judgment had been recognised as at September 30, 2026. These proforma figures are indicative and unaudited, do not represent the Bank's reported financial position, and are subject to revision based on the determination of the consequential actions, further legal assessment and the appropriate accounting treatment. Accordingly, the proforma impact of the restatement of AT-I bonds principal amount is set out below: As reported Proforma Quarter Half Year Quarter Half Year PARTICULARS ended ended ended ended 30.09.2026 30.09.2026 30.09.2026 30.09.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net Profit (Rs in crores) 1,084 2,156 (5,213) • (4,141)" Capital Adequacy ratio - Basel ill 14.6% 14.6% 14.6% 14.6% Return on assets (average) (annuahzed) 0.9% 0.9% (4.3%) (1.7%) Borrowings 78,410 78,410 86,825 86,825 *Post tax 11 Previous period figures have been regrouped / reclassified wherever necessary to conform to current period classification. Place: Mumbai Date: October 17, 2026 ,rr t:·. •·'-..J ~- f ' ·> -: .. .,.,1cco ' l,...\ I> For YES BANK Limited ~ Vinay M. Tonse Managing Director & CEO