YESBANKNSE27 January 2024

Yes Bank Limited has informed the Exchange regarding a press release dated January 27, 2024, titled "Press Release and Investor Presentation on the Financial Results for the Quarter(Q3) and Nine month...

Yes Bank Limited

YBL/CS/2023-24/153

January 27, 2024

National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, Bandra - Kurla Complex Bandra (E), Mumbai - 400 051 Tel.: 2659 8235/36 8458 NSE Symbol: YESBANK

BSE Limited Corporate Relations Department P.J. Towers, Dalal Street Mumbai – 400 001 Tel.: 2272 8013/15/58/8307 BSE Scrip Code: 532648

Dear Sir / Madam,

Sub.: Press Release and Investor Presentation on the Financial Results for the Quarter

(Q3) and Nine months ended December 31, 2023

Ref.: Reg. 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,

2015 (“Listing Regulations”)

This is further to the Outcome of Board Meeting dated January 27, 2024, wherein the Bank had disclosed the Un-Audited Standalone and Consolidated Financial Results of the Bank for the Quarter (Q3) and Nine months ended on December 31, 2023, along with the Limited Review Report of the Joint Statutory Auditors of YES Bank Limited (“the Bank”).

A Press Release and Investor Presentation on the Financial Results for the Quarter (Q3) and Nine months ended on December 31, 2023, is also enclosed herewith for appropriate dissemination.

The above information is being hosted on the Bank’s website www.yesbank.in in terms of Regulation 46 of the 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

Shivanand R. Shettigar Company Secretary

Encl: Press Release and Investor Presentation

YES BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2023

Key Highlights

January 27, 2024

▪ Net Profit for Q3 FY24 at INR 231 Cr grows 349.2% Y-o-Y and 2.8% Q-o-Q

• NIMs expand Q-o-Q driven by efficient Balance Sheet Management, despite headwinds

on Deposits and Funding Costs

• Core Non-Interest Income momentum sustains across diverse and granular fee streams

• Continued Cost Efficiencies: 2nd successive quarter of <1% Q-o-Q rise in Operating Expenses

• Provision Costs at 0.6%1 of Assets, flattish Q-o-Q despite 0.5%1 ageing related

provisions on Security Receipts during the quarter

▪ Sustained Balance Sheet growth momentum with continued enhancement in Granularity

• Robust Deposit accretion and Q-o-Q improvement in CASA Ratio despite industry wide

headwinds

• Acceleration in SME Advances growth and sustained momentum in Mid Corporate segment

•

Focus on Mix calibration within Retail Advances segment

▪ Stability and Sustained improvement in Asset Quality parameters

•

30 bps Q-o-Q reduction in (NNPA + net carrying value of SR)% to 1.7%

• Slippages, GNPA, NNPA and Provision Coverage Ratio flattish Q-o-Q

• Resolution Momentum strong with Total Recoveries & Upgrades for Q3 FY24 at INR

1,316 Cr. YTD FY24 cumulative recoveries and upgrades at INR 3,869 Cr

▪ Stock included in BSE Next 50 and BSE 100 Indices

▪ Top Indian Bank with highest S&P Global ESG Score in 2023

1 Expressed as % of Avg. Assets

Commenting on the results and financial performance, Mr. Prashant Kumar, Managing Director & CEO, YES BANK said, “Over the last few quarters, we have remained focussed on executing our profitability improvement roadmap by leveraging our core and key business levers of 1) retail asset mix optimisation, 2) our SME and Mid-Market strong value proposition, 3) fully exploiting our Branches as the key fulcrum of our Business, and 4) leveraging our Digital and Transaction Banking capabilities and partnerships and, lastly 5) fully sweating our Branches as the fulcrum of the business to drive higher cross sell and lower our costs going forward. This is driven alongside a focused Priority Sector Lending (PSL) strategy.

The early progress of the above has started to reflect through a number of underlying business vectors which we have reported this quarter. Aside that, Q3FY24 overall was a good quarter for us with deposit growth outpacing advances growth, sequential improvement in CASA ratio and Net Interest Margins. We continued to maintain a healthy Liquidity Coverage Ration (LCR) ratio. The value of Net NPA and net carrying value of Security Receipts (SR) reduced by 30 bps point and our profits saw a ~3.5x fold increase compared to Q3FY23.”

Page 1 of 4

Profit and Loss

Financial Highlights

▪ Q3 FY24 NII at INR 2,017 Cr up 2.3% Y-o-Y and 4.8% Q-o-Q

▪ NIM for Q3 FY24 at 2.4% up 10 bps Q-o-Q

▪ Q3 FY24 Non-Interest Income at INR 1,195 Cr, up 12.1% Y-o-Y. Adjusted for Realised/

Unrealised Gain on Investments, Core Non-Interest Income up 23.4% YoY

▪ Q3 FY24 Operating Expenses at INR 2,347 Cr, up 10.6% Y-o-Y and only 0.6% Q-o- Q. Adjusted for PSLC costs, Operating Expenses up 7.2% Y-o-Y and decline of 0.8% Q-o-Q

▪ Operating profit for Q3 FY24 stands at INR 864 Cr, down 5.4% Y-o-Y and up 7.8% Q-o-Q

▪ Q3 FY24 Provision costs (non-tax) at INR 555 Cr down 34.3% Y-o-Y

▪ Q3 FY24 Net Profit at INR 231 Cr, up 349.2% Y-o-Y

Balance Sheet

▪ Net Advances at INR 2,17,523 Cr, registered growth of 11.8% Y-o-Y

• Sustained improvement in Granularity – Retail & SME: Mid Corp.: Corp. mix at

63:14:23 vs. 58:13:29 last year and 63:14:23 last quarter

• Retail Advances mix at 47.4% vs. 44.0% in Q3 FY23 and 48.0% last quarter

• New Sanctions / Disbursements of INR 28,498 Cr in Q3 FY24

o Gross Retail Assets Disbursements of INR 9,769 Cr in Q3 FY24

o Rural Disbursements of INR 1,126 Cr

o SME Disbursements1 of INR 8,265 Cr

o Mid Corporate Disbursements of INR 1,108 Cr

▪ Total Balance Sheet grew 10.7% Y-o-Y

▪ CD Ratio at 89.9% vs. 89.7% in Q3 FY23 and 89.2% last quarter

▪ Total Deposits at INR 2,41,831 Cr, up 13.2% Y-o-Y and 3.2% Q-o-Q

• CASA ratio at 29.7% vs. 29.9% in Q3 FY23 and 29.4% Q-o-Q

•

3.98 lakh new CASA Accounts opened in Q3 FY24

• Retail and Small Business Deposits (Gross LCR Definition) grew 16.8% Y-o-Y

▪ Average Quarterly LCR during the quarter remains healthy at 118.4%; LCR as on

December 31, 2023 at 117.8%

▪ CET 1 ratio at 12.6%2: Total CRAR at 16.3%2

• RWA to Total Assets at 71.1% vs. 71.0% in Q3 FY23 and 70.7% in Q2 FY24

▪

Investments at INR 79,333 Cr up 16.0% Y-o-Y

▪ Borrowings at INR 79,381 Cr up 15.2% Y-o-Y

1 Includes limit set-ups

2 Includes Profits for Q3 FY24

Page 2 of 4

Asset Quality

▪

(NNPA + net carrying value of SR) as % of Advances at 1.7% in Q3 FY24 v/s. 2.0% in Q2 FY24

• GNPA ratio at 2.0% flattish in Q3 FY23 and Q2 FY24

• NNPA ratio at 0.9% vs. 1.0% in Q3 FY23 and 0.9% in Q2 FY24

▪ Gross Slippages for Q3 FY24 at INR 1,233 Cr v/s. INR 1,610 Cr in Q3 FY23 and

INR 1,199 Cr in Q2 FY24

• Slippages Net of Recoveries and Upgrades, at INR 574 Cr vs. INR 543 Cr last

quarter

▪ Overdue Book of 31-90 days Q-o-Q at: INR 4,378 Cr vs INR 3,898 Cr last quarter

• •

31-60 days book at INR 2,327 Cr vs INR 1,477 Cr last quarter 61-90 days book at INR 2,051 Cr vs INR 2,421 Cr last quarter

▪

Resolution Momentum continues to be strong with Recoveries & Upgrades for Q3 FY24 at INR 1,316 Cr. YTDFY24 cumulative recoveries and upgrades at INR 3,869 Cr

Digital & Other Highlights/ Achievements

▪ One of the four Banks live as both Acquirer and Issuer for ICCW Services (Interoperable Cardless Cash Withdrawal) - facilitates withdrawal of cash from ATMs through UPI without using their Card

▪

YES BANK tops Indian Banks with highest S&P Global ESG Score in 2023

Senior Management Appointments during quarter: Mr. Tushar Patankar as Chief Risk Officer and Mr. Rajat Chhalani as Chief Compliance Officer

Included in BSE Next 50 and BSE 100 Indices

YES BANK’s Analyst conference call, scheduled on January 29, 2023 at 8:00 AM IST, can be heard at following link: https://www.yesbank.in/about-us/investor-relations/financial-information/financial-results

ABOUT YES BANK

YES BANK is a full service commercial bank providing a complete range of products, services and technology driven digital offerings, catering to retail, MSME as well as corporate clients.

YES BANK operates through YES SECURITIES, a wholly owned subsidiary of the Bank. Headquartered in Mumbai, it has a pan-India presence including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

Investment banking, merchant banking and brokerage businesses

its

For more information, please visit the Bank's website at https://www.yesbank.in/

For further information, please contact:

YES BANK

Neha Chandwani

Email: neha.chandwani@yesbank.in

Page 3 of 4

Financial Highlights from Q3FY24 Results

Profit & Loss Statement Highlights

(INR Cr)

Q3FY24

Q2FY24

Growth %

Q3FY23

Growth %

Net Interest Income

Non-Interest Income

Total Net Income

Operating Profit/(Loss)

Provisions

Net Profit / (Loss)

Basic EPS (INR)

2,017

1,195

3,211

864

555

231

0.08

1,925

1,210

3,135

801

500

225

0.08

4.8%

-1.3%

2.4%

7.8%

10.9%

2.8%

1,971

1,066

3,036

914

845

0.02

2.3%

12.1%

5.8%

-5.4%

-34.3%

349.2%

303.3%

Key P & L Ratios

Q3FY24

Q2FY24

Q3FY23

Return on Assets 1

Return on Equity 1

NIM

0.2%

2.2%

2.4%

0.2%

2.2%

2.3%

Cost to Income

73.1%

74.4%

Non-interest inc. to Total income

37.2%

38.6%

0.1%

0.6%

2.5%

69.9%

35.1%

(INR Cr)

Advances

Deposits

Shareholder’s Funds

Total Capital Funds

Balance Sheet Highlights

31-Dec-23

30-Sep-23

Q-o-Q %

31-Dec-22

Y-o-Y %

217,523

209,106

241,831

234,360

41,684

44,269

41,443

44,629

4.0%

3.2%

0.6%

-0.8%

4.2%

194,573

213,608

40,154

44,339

11.8%

13.2%

3.8%

-0.2%

343,778

10.7%

Total Assets

380,391

365,223

CRAR 2

CET I 2

Book Value per share (INR)

Gross NPA (%)

Net NPA (%)

NPA PCR 3

Std. Restructured Advances (Gross) 4

Security Receipts (Net)

CASA Ratio

Average LCR

Key Balance Sheet Ratios

16.3%

12.6%

14.5

2.0%

0.9%

17.3%

13.1%

14.4

2.0%

0.9%

71.9%

72.1%

3,958

4,499

1,714

29.7%

2,353

29.4%

18.2%

13.0%

14.0

2.0%

1.0%

64.0%

5,860

3,772

29.9%

118.4%

120.9%

113.3%

1 Annualized 3 Incl. Technical W/Os

2 Includes Profits 4 Already implemented as of respective date (across various categories including Covid related)

Page 4 of 4

INVESTOR PRESENTATION Q3FY24 Financial Results

January 27, 2024

CRH Ranked highest amongst 34 large SCBs on climate preparedness – Climate Risk Horizons study

FTSE4Good

Included in FTSE4Good Index Series

S&P Global

ESG Score

Highest Score amongst Indian banks in the 2023 S&P Global CSA

CDP Highest rated Indian bank for climate disclosures 2022 – rated ‘A-’ (Leadership Band)

New Generation, Professionally Run, Private Sector Bank with a Scalable Platform

New Generation Private Sector Bank

Robust Risk, Governance and Compliance Culture

Geared for Scale with Profitability

•

6th Largest Private Sector 1, Universal Bank offering comprehensive suite of product and services via its pan India network of 1,198 branches, 193 BCBOs and 1,287+ ATMs (including CRMs and BNAs) in over 300 districts of India

Accelerating as a granular Retail, MSME and Mid-Corporate franchise with a strong focus on Transaction Banking

Preferred Banker to Digital India with best-in-class technology / API stack and dominant leadership in digital payments

ESG integral to the Strategy- highest ratings/ scores in the Indian Banking Industry by reputed ESG Rating Agencies

Eminent 13-member Board of Directors comprising 7 independent directors, 3 women directors – domain specialists with extensive strategic, operational and leadership experience

• Comprehensive and Robust Risk Management Framework; De-Centralized approval process built for sustainability as well as scale

•

‘Compliance First’ Culture

Strong Foundation; Key levers, now in place, for scale-up and material improvement in profitability •

A ‘Preferred Retail Franchise’ with strong Customer Acquisition run-rate of more than a 1.6 million new CASA customers per annum

•

Retail Advances at INR 100,000+ Crs (~47% of Net Advances) – focus shifting towards further improving the profitability

Niche competitive advantage in SME and Mid Corporate customer segments- further accelerating growth and RoA expansion

Fortified Balance Sheet - Holistically addressed Legacy Asset Quality Issues; Portfolio Asset Quality at its best since reconstruction

•

Collective NNPA & Net Carrying Value of SR at 1.7%

Sufficiency in Liquidity (LCR at 118.4%2) and Capital Adequacy (CET 1% at 12.6%)

Seasoned Human Capital

• Run by a professional, seasoned, and stable management team; average vintage of YES BANK Top and Senior Management Team of

9 Years (with the Bank); Duly supported by 28,000+ YES BANKers

Major Shareholders

•

SBI, the largest schedule commercial bank of India and leading private sector banks

Two global, marquee, private equity investors viz. affiliates of Carlyle and Advent International

Largest retail shareholder base in Indian Capital markets, with nearly 50 lakh shareholders

Total Assets: INR 3,80,391 Crs

Total Advances: INR 2,17,523 Crs

Advances Split:

Retail & SME – 63% Mid Corp – 14% | Corporate – 23%

Total Deposits: INR 2,41,831 Crs

Senior Rating - At A 3 Short Term Rating – Highest at A1+

1 By Total Assets as on Sep 30, 2023; 2 Average for the quarter- Q3FY24; 3 By CRISIL, India Ratings and CARE; Short Term Ratings by CRISIL & CARE

A Unique Turnaround undertaken amidst a difficult backdrop by a Seasoned Professional Team

All figures in INR Crs

Strong Growth Phase till FY18

(Data below for FY18)

Extreme Stress Conditions – Moratorium imposed in Mar’20

Amidst Challenging Backdrop

Mar’ 20

Apr’ 21

Jan’ 22 Onwards

(Data below for FY20)

Covid-19 Wave I

Covid-19 Wave II

Tight Liquidity Conditions, Fight for Deposits

Bank stands ‘Primed’ For Growth with Path to Profitability Improvement (Data below as of Dec 31, 2023)

Market Cap

Credit Rating

Advances

Deposits

CASA

CD Ratio

CASA Ratio

LCR

70,206

Market Cap

AA+

Credit Rating

203,534

Advances

200,738

Deposits

73,176

CASA

101.4%

CD Ratio

36.5%

CASA Ratio

113.2%

LCR

Borrowings Share 1

Retail & SME Adv. Share2

CET I %

GNPA %

NNPA %

RoA

24.0%

26.6%

9.7%

1.3%

0.6%

1.6%

Borrowings Share 1

Retail & SME Adv. Share2

CET I %

GNPA %

NNPA %

RoA

28,176

171,443

105,364

28,063

162.7%

26.6%

37.0%

44.1%

36.3%

6.3%

16.8%

5.0%

-7.1%

Key Measures Undertaken

1. Solved for Capital

Cumulative raised ~INR 24,000 Crs through FPO3 & Private Placement

3. Invested in Granularizing Loans and Deposits

~2.1x rise in Retail & SME Loans

– while protecting PPoP4 / Assets

2. Won Back The Deposits

~2.2x growth in Bank Deposits - reflection of our strong brand

4. Solved for Legacy NPLs

~INR 22,000 Crs of Recoveries Resolutions; ~INR 43,000 Crs of NPLs sold to ARC

5. Built an Agile Org. with strong Compliance culture

6. Refreshed Brand Identity

Market Cap

Credit Rating

Advances

Deposits

CASA

CD Ratio

CASA Ratio

LCR

Borrowings Share 1

Retail & SME Adv. Share2

CET I %

GNPA %

NNPA %

RoA

71,473

A/ A-

217,523

241,831

71,749

89.9%

29.7%

118.4%

20.9%

62.6%

12.6%

2.0%

0.9%

0.3%

1 Borrowings proportion in Total Liabilities 2 Retail & SME Segment proportion in Total Advances

3 Follow-on Public Offering 4 Pre-Provisioning Operating Profit

Market Cap above based on closing price on NSE as on Mar 31, 2018; Mar 31, 2020; and Jan 25, 2024, respectively

Contents

Profitability Improvement Roadmap

Financial Results- Q3FY24

YES BANK Franchise

Gradual RoA Improvement to be driven through

All figures in INR Crs

Increasing Share of Advances / Assets

1. Reducing PSL Shortfall (Deposits in lieu of PSL Shortfalls currently at 11% of Total Assets)

Reducing dependence on Borrowings

Balance Sheet Structure

As % of Assets

YES BANK

Data as of Mar 31, 2023

Mid Size Pvt. Banks

Large Pvt. Banks

Advances

57.3% 61.7% 64.6%

Investments

21.7% 23.4% 21.8%

Govt. Securities

18.4% 19.9% 17.9%

Other Investments

Balances with Banks

Cash & RBI Balances

3.3%

0.4%

5.0%

3.5%

1.6%

6.8%

Other Assets

14.9%

5.6%

Fixed Assets

0.7%

0.9%

3.8%

1.4%

6.5%

5.4%

0.4%

Deposits

61.3% 73.8% 74.7%

9.5%

11.4% 10.9%

9.4%

22.2% 23.1%

42.4% 40.2% 40.8%

Net worth

11.5% 12.9% 11.3%

Borrowings

21.8%

9.2%

Other Liabilities

5.4%

4.1%

9.5%

4.4%

2. Improving Advances Yields: Mix Change

3. Improving proportion of CASA Deposits & reducing Deposits Cost

4. Increasing Fee Income intensity on back of cross sell & transaction throughputs

5. Improving Cost Efficiency to align with best in class in Industry

Profit and Loss Structure

As % of Assets

YES BANK

Mid Size Pvt. Banks

Data for FY23

Large Pvt. Banks

Interest Income

6.7%

7.9%

7.1%

Yield on Advances

9.3%

10.3%

8.6%

Interest Cost

Deposit Cost

4.4%

4.9%

Other Interest Cost

6.2%

Net Interest Income

2.4%

Non-Interest Income

1.2%

Total Income

Staff Cost

Other Expenses

3.5%

1.0%

1.6%

Operating Expenses

2.6%

Operating Profit

Provisions

PBT

Tax

PAT

0.9%

0.7%

0.3%

0.1%

0.2%

3.7%

4.2%

6.3%

4.2%

1.6%

5.9%

1.1%

2.0%

3.0%

2.8%

0.7%

2.1%

0.5%

1.6%

3.3%

3.5%

6.4%

3.8%

1.3%

5.2%

0.7%

1.7%

2.4%

2.8%

0.4%

2.4%

0.6%

1.7%

Data Source: “Statistical Tables relating to Banks in India: 2022-23”, released on Dec 27, 2023

Key Business Levers to Improve Profitability

Resolution of PSL (Priority Sector Lending) shortfall related drag

Focus Target Metrics

Ensuring full PSL compliance1 through organic sourcing, BC partnerships and Inorganic Interventions

Retail Assets: Mix optimization

Optimization of Product and Sourcing Channel mix to enhance profitability

Capitalizing on strong track-record in SME & Mid Corporate Segments

Targeting 25%+ CAGR and further intensifying Cross-Sell including Retail Products

Maximizing Branch Distribution as the ‘Fulcrum of Business’

Utilizing existing (and growing) network to offer full spectrum of products: Deposits, Assets and Fee Products

Organic PSL balances & reduction in shortfall

Higher Mix of RoA accretive Retail Products

SME & Mid Corp Advances & Income Growth

Deposit Growth > Advances Growth

Rising Share of granular Deposits

Fee Income growth and higher proportion of Granular & Transactional Fee lines

Rationalization of Cost Structure

Rising share of digital contribution

Leveraging physical & digital assets to lower cost of acquisition, servicing & transactions; improving productivity

Digital & Transaction Banking Capabilities & Partnerships

Utilizing distinctive capabilities and partnership to increase customer mind share and wallet share

1 Including in Shortfall subcategories

Improvement in Cost to Income Ratio

Several Underlying Business vectors already exhibiting encouraging trends

All figures in INR Crs

Higher share of RoA Accretive Retail Products

Increasing share of Internal Sourcing in Retail Advances

Rising Share of Branch Banking Deposits

RoA Accretive Products

Other Retail Products

Sourcing through Internal Channels

DSA Sourcing

Branch Banking Deposits (INR '000 Crs)

As % of Total deposits

66%

65%

62%

60%

57%

65%

63%

61%

54%

46%

38%

34%

35%

40%

43%

35%

37%

39%

57%

43%

113.3

117.6

125.6

132.8

94.7

76.1

52.1%

53.6%

54.9%

48.0%

46.7%

58.0%

56.0%

54.0%

52.0%

50.0%

48.0%

46.0%

44.0%

42.0%

40.0%

140.0

120.0

100.0

80.0

60.0

40.0

20.0

FY21

FY22

FY23

Q1FY24 Q2FY24 Q3FY24

FY22

FY23

Q1FY24

Q2FY24

Q3FY24

FY21

FY22

FY23

Q1FY24 Q2FY24 Q3FY24

Acceleration in SME Advances Growth

Sustained momentum in Mid Corporate Segment Growth

Jaw expansion: Fee Income growth v/s. Opex Growth

SME Advances

YoY Growth

Mid Corp. Advances

YoY Growth

Core Fee Income growth

Opex Growth

23,479

20,494

28,130

28,900

33,142

30,979

24%

25%

24%

20%

15%

35,000

30,000

25,000

20,000

15,000

10,000

5,000

30%

25%

20%

15%

35,000

30,000

25,000

20,000

15,000

10,000

5,000

10%

27,041

27,342

29,294

31,263

19,910

14,811

34%

36%

29%

27%

26%

150%

130%

110%

90%

70%

50%

30%

10%

-10%

-30%

-50%

50.4%

Y-o-Y

34.6%

23.0%

26.0%

23.5%

18.2%

22.9%

16.0%

12.5%

10.6%

FY21

FY22

FY23

Q1FY24 Q2FY24 Q3FY24

FY21

FY22

FY23

Q1FY24 Q2FY24 Q3FY24

FY22

FY23

Q1FY24

Q2FY24

Q3FY24

Reported outcomes however muted on account of 1) Continued drag from PSL related Shortfalls

Mandated deposits in lieu of PSL Shortfalls: At 11% of Assets- drag on Income & Profitability outcomes

All figures below for 9MFY24; ‘Normalized’ indicates Pro-forma figures, normalized for the impact of deposits placed in lieu of PSL Shortfalls

8.8%

3.1%

73.9%

8.2%

2.4%

67.4%

1.4%

0.6%

4.6%

0.9%

0.3%

2.4%

Actual

Normalised

Reported

Normalised

Reported

Normalised

Reported

Normalised

Reported

Normalised

Reported

Normalised

Yield on Interest Bearing Assets

NIM

Cost to Income

PPOP/ Assets

RoA

RoE

Comprehensive strategy formulated to reduce the quantum of such balances over 2-3 years timeframe

•

Reduction in shortfalls in PSL categories and sub-categories

Focused Acceleration on Organic Sourcing in PSL sub-categories: SMF (Small & Marginal Farmers), NCF (Non-Corporate Farmers) and WS (Weaker Sections) Assets via expanding distribution, manpower, and productivity

BC (Business Correspondent) Partnership Models

Inorganic Interventions: Purchase of PSLCs (PSL Certificates) / IBPC (Inter Bank Participation Certificate) / PTCs (Pass Through Certificates) / DAs (Direct Assignment)

Rising Organic Balance (excludes inorganic interventions)

Reduction in subcategory Shortfalls - as % of ANBC (includes inorganic interventions)

All figures in INR Crs

FY21

FY22

FY23 Q1FY24 Q2FY24 Q3FY24

6 4 0 , 5 7

0 3 4 , 7 7

0 4 2 , 4 8

3 8 1 , 0 8

7 1 4 , 4 6

7 1 6 , 0 5

1 5 6 , 2

1 5 5 , 2

1 6 7 , 2

4 1 2 , 2

2 4 0 , 4

2 5 1 , 3

9 2 1 , 3

2 5 4 , 7

0 7 3 , 6

3 4 4 , 5

4 6 7 , 5

6 9 9 , 4

9 7 1 , 6

6 7 9 , 5

5 6 2 , 6

8 5 2 , 7

4 3 5 , 5

5 7 8 , 4

FY23

Q1FY24

Q2FY24

Q3FY24

8.0%

6.2%

2.9%

1.8%

11.0%

8.6%

5.2%

4.0%

8.4%

6.7%

3.5%

2.3%

NIL NIL NIL NIL

Overall PSL

SMF

NCF

Weaker Section

Overall PSL

SMF

NCF

Weaker Section

2) Investments into the Retail & SME Franchise…

Significant shift in Balance Sheet and Income mix towards higher C/I intensive segments over the last 3 years. Advances mix expected to largely stabilize from hereon

Advances Mix

Deposits mix

Gross Income Mix

Retail/ SME Advances

Corporate Advances

Branch Banking Deposits

Corporate Deposits

Retail/ SME

Corporate

Treasury/ HO

58%

42%

FY21

51%

49%

FY22

40%

60%

37%

63%

FY23

9MFY24

53%

47%

FY21

52%

48%

FY22

48%

52%

FY23

45%

55%

9MFY24

14%

52%

33%

FY21

16%

43%

41%

FY22

17%

35%

48%

FY23

20%

29%

51%

9MFY24

This has been led by investments towards driving Granular Business Segments

Despite this, PPOP/ Assets and C/I largely flattish- owing to Efficiency Gains & Operating Leverage within Business Segments

Branches + BCBOs

1,217

1,342

1,391

70.3%

70.1%

C/I

72.6%

73.8%

FY22

FY23

9MFY24

FY21

FY22

FY23

9MFY24

Employees

24,346

27,517

28,094

FY22

FY23

9MFY24

Corporate Segment includes Large Corporates, Mid Corporates and Institutional & Govt. Banking Segments

0.9%

1.0%

0.9%

PPOP/ Assets

FY21

FY22

FY23

9MFY24

1,142

FY21

22,270

FY21

Retail Assets- Product and Sourcing Mix calibration oriented towards profitability improvement

All figures in INR Crs

Calibration in Disbursement growth with focus on ROA Accretive Products

Broadly retained product risk profile through Mix Optimization within existing product categories

Disbursements (per quarter)

RoA Accretive Products

Other Retail Products

Prime Home Loans

Affordable Home Loans

Used Cars

New Cars

Used CV/ CE

New CV/CE

Disbursement Mix (%)

3,124

1,613

FY21

5,035

3,137

FY22

7,847

6,692

6,344

5,225

4,161

FY23

4,539

4,719

4,477

Q1FY24

Q2FY24

Q3FY24

• ROA Accretive products include Personal Loans, Used Vehicles (including CV/ CE),

Affordable Home Loans, Unsecured Business Loans and Micro LAP

75%

25%

FY23

62%

38%

41%

59%

69%

31%

Q3FY24

FY23

Q3FY24

88%

12%

FY23

77%

23%

Q3FY24

Growth in Internal Sourcing driven by leveraging the Branch Network

Asset Quality Relatively Steady despite shift in product mix

• Significant step-up in Retail Assets Offering Penetration within the Branch Network

•

>45% increase (cumulative) in headcount of frontline sales staff since FY21

•

Internal sourcing of Retail Assets ~43% from <35% about 18-24 months ago

FY21

FY22

FY23

9MFY24

2.9%

1.7%

1.6%

1.2%

2.6%

2.0%

1.9%

1.6%

0.8%

0.5%

Retail GNPA %

Retail NNPA %

Retail 31-90 day overdue %

SME Segment: Niche Segment with Proven Expertise Granular Book with improving Income generation

All figures in INR Crs

High quality & well diversified granular book with <1% Net NPA

~86% Book Secured; 93%+ PSL compliant

Book Split by Ticket Size (count of customers)

5% 4%

17%

16%

41%

0-0.5 Crs

0.5-1 Crs

1-2 Crs

2-5 Crs

5-10 Crs

>10 Crs

SME NNPA %

0.8%

0.5%

0.6%

18%

FY21

FY22

FY23

9MFY24

~75% of customers have ticket sizes < INR 2 Crs

• • Surrogate program is driving small ticket exposures and facilitating faster TAT •

30+ overdue <2%

19%

11%

68%

Working Capital & Term Loan

Channel Finance

Commodity Finance

Non Fund Facilities

• Healthy mix of Non-funded facilities at ~19%

Strong momentum in fee income generation

Product Innovations and Digital Initiatives improving segment profitability

600

500

400

300

200

100

221

1.1%

FY21

1 Annualized

SME Fees

As % of Assets

291

1.3%

351

1.4%

487

1.6%

2.5%

2.0%

1.5%

1.0%

0.5%

FY22

FY23

9MFY24

• High Yield Strategy : Creating granularity through strategic intervention in CGTMSE ,

Supply Chain Finance.

• Supply Chain Finance : Revamping customer journey by re-defining program guardrails and calibrated gating criteria for smooth onboarding experience.

• State of Art LOS system : SMARTFIN • Calibrated programs for better customer suitability & faster TAT. • SME Direct Desk : Exclusive direct desk for SME customers rendering 35 kinds of

services

Mid Corporate Segment Strong Competitive Advantage aided by Relationships, Expertise & Solutioning

Steady growth in Balances in the Mid Corporate segment

Strong source of Fee Income

FY21

FY22

FY23

9MFY24

Mid Corp. Fees

As % of Assets

31,263

27,041

19,910

14,811

21,092

18,428

13,150

9,142

9,375

10,925

13,242

7,119

Advances

Deposits

Non- Fund

• Strong Liability Franchise; Share of CA >30% in Total Segment Deposits • Strong coverage – presence across 37 key geographies • Granular portfolio with a focus on Knowledge Banking • Well entrenched in new-age Ecosystem: Be-spoke digital solutions, incubation/ networking platforms

600

500

400

300

200

100

193

1.4%

FY21

291

1.7%

FY22

401

1.7%

FY23

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

480

1.6%

9MFY24

High quality book with significantly low NPA levels across business cycles

Several key enablers driving profitability in the segment

0.9%

Mid Corporate NNPA %

0.7%

• Growth led by NTB and Cross-sell - higher wallet share and productivity • Knowledge Sectors – Media & Entertainment, Gems & Jewellery, Food & Agri, Pharma,

Chemicals, Auto ancillary, Logistics, Metals

•

Increasing Fee contribution through • Augmenting Trade/ CMS income including that of Non-Credit Clients. Multi channel offerings

including Trade On Net, API & Digital Banking

• Synergies with FASAR1 & Treasury

0.2%

• Dedicated New Age Banking Team with focus on Unicorns and Soonicorns •

Initiatives to maintain Bank’s Leadership Position in startup ecosystem through engagements like API banking, Customized Digital Solutions (UPI/PPI, Digital Escrow) and Advisory Services

FY21

FY22

FY23

9MFY24

1 Food and Agribusiness Strategic Advisory and Research Group

2 Annualized

Maximizing Branch Distribution as Fulcrum of Business Leveraging existing (and growing) network to offer full spectrum of products

All figures in INR Crs

Branch Banking led Deposits: 19.7% CAGR (FY21-H1FY24) v/s. 9.2% CAGR in Industry and 15.6% CAGR amongst Pvt. Banks

Deposits Outperformance – even higher in last 1 year amidst significant Industry wide headwinds

Branch led sourcing of Assets and distribution of Fee Products gaining significant traction

Outperformance in Liability growth largely led by

Productivity Gains within existing & expanding franchise

Deposits per Branch

Deposits per Employee

Indexed to 100 for FY21

118.6

115.8

133.6

127.7

155.9

138.8

100.0

Y-o-Y Growth of CASA and Total Deposits (Q3FY23- Q3FY24) 2

YBL

Mid Size Pvt. Banks

Large Pvt. Banks

YBL Branch Banking

18.2%

12.2%

22.3%

17.6%

18.6%

13.2%

FY21

FY22

FY23

9MFY24

7.2%

7.3%

Pick-up in Branch led Sourcing of Retail Banking Assets

Retail Assets- Disbursements Mix

Through Internal Channels

% of Total Disbursements

Avg. Monthly Disbursements

1,502

34.0%

5,000

4,500

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

4,508

36.9%

4,201

43.0%

3,209

35.0%

Q1FY22

Q4FY22

Q4FY23

Q3FY24

Acceleration in customer acquisition

CASA A/Cs Acquistion per month (avg.)

‘000 Accounts

55.0

80.5

110.4

125.0

CASA Y-o-Y Growth

Total Deposits Y-o-Y Growth

Incremental CASA Ratio: Q3FY23- Q3FY24

Strong traction in Branch Banking Fee Income

FY21

FY22

FY23

9MFY24

30.3%

27.7%

Rise in Balances

CASA EOP NAV- Monthly Avg. (Indexed to 100 for FY21)

212

251

326

100

FY21

FY22

FY23

9MFY24

19.0%

17.6%

YBL Branch Banking

YBL

Mid Size Pvt. Banks

2 Large Pvt. Banks

1 Based on Total Bank Level Deposits; 2 Excluding the Large Sized Private Sector Bank with sizeable M&A activity recently; 3 Annualized 4 NAV: New Acquisition Value

Branch Banking Fees

YoY Growth

1,000

900

800

700

600

500

400

300

200

100

467

571

22.3%

FY21

FY22

659

915

45.6%

15.4%

FY23

9MFY24

60.0%

55.0%

50.0%

45.0%

40.0%

35.0%

30.0%

80.0%

70.0%

60.0%

50.0%

40.0%

30.0%

20.0%

10.0%

0.0%

Non-Interest Income: Strong Traction in Granular and Transactional Fee Streams

Strong Traction in Non-Interest Income, even higher in the case of Core Fees 2

Steadily Rising Contribution in RoA

FY21

FY22

FY23

9MFY24

Core Fees as % of Assets

4,728

3,012

3,263

3,685

4,399

3,654

2,973

2,113

0.74%

1.02%

1.09%

1.21%

Total Other Income

Core Fees

FY21

FY22

FY23

9MFY24

Core fee growth driven by Granular Customer Segments…

...and acceleration in Transactional flows

Retail Fees

As % of Total Other Income

FY21

FY22

FY23

9MFY24

3,500

3,000

2,500

2,000

1,500

1,000

500

1,249

40.5%

FY21

1,806

55.6%

2,304

62.3%

3,025

68.8%

100.0%

90.0%

80.0%

70.0%

60.0%

50.0%

40.0%

30.0%

873

725

619

530

614

674

450

354

FY22

FY23

9MFY24

Corp. Trade & CMS fees

FX Income

1 Annualized

2 Core Fees: Normalized for Realized/ Unrealized gain on Investments

Digital @ Banking: A blend of distinctive capabilities, integrated strategy and multi pronged delivery channels aimed at enhancing skill with better efficiency and profitability

Distinctive Capabilities

Business Integrated Strategy

Multi Pronged Delivery

Market Leadership – YBL processes ~1 in 3 Digital Payment transaction in India

‘Deliver the Bank’ to the Customer

- Curated Offerings across platforms

#1 in UPI Payments [~31.3%1 market share with ~99.9% Success Rate]

~95% Credit Cards Sourced Digitally 4

‘IRIS’ – Retail Super APP with 220+ features

Powering ~29.3%1 of all AePS Txns via ~587K+ partner outlets2 - #1

#3 in NEFT with ~98.9% Success Rate & 8.8%1 market share

1000+ API Stack Developed in- house

~80% Eligible CA A/C Sourced Digitally (Individual + Sole Prop)

50+ partners integrated real time leads mobilization

~96%+ Individual SA a/cs Sourced Digitally

‘Leapfrogging’ from being Product Centric to Customer Centric - DIY I Assisted I Next Gen AI I Cloud Native

Foundational, Agile and Embedded Banking - UPI / Payments, IRIS, YES Smart Pay, Yes Genie, Yes Robot. Yes Connect

Leveraging Public Digital Infrastructure

- CBDC (Efficient Cash Management, Small Payments ) OCEN (Digital Cash Flow Financing), ONDC (Leverage Market Ecosystem), Account Aggregator (Data Sharing Consent Layer),

Future ready for both BaaS & BaaP Models 5

Drive Cost Reduction & Productivity Improvement

- Through ‘Digitization’ of internal processes

YES Bank ‘Digital & Transaction Banking Stack’

- Customer Journey’s, Assets and Apps

Internal Employee Facing Tools

- API Banking

Ecosystem Partnership

- Payment Aggregators, Co-branded cards, Third

Party Apps, Corporate BCs, Co-Lending, Marketplaces etc.

Better Mind Share & Wallet Share

Lower Acquisition, Txn and Servicing Cost

Scale and Profitability

1 Industry Source: RBI Payment System Indicators & NPCI 2 As of Dec 31, 2023 4 Including Assisted Journeys 5 BaaS: Banking as Service, BaaP: Banking as Product

3 Unique customers across YES Online, YES Mobile and iris

Augmenting Digital &Transaction Banking Stack Customer Journeys and Internal Tools & Workflows

Retail Customers

MSME & Corporate Customers

Employee

Recent Add-ons

Book of Work

Customers

Employees

Customers

Employees

1. Digital LRS (Liberalized Remittance Scheme) – Pilot completed

1. Gen Next AI: Using tech to service customer queries through Yes Robot

2. EPFO Enrollment (Jan’24) – A major milestone and showcase towards our

2. STP / DIY / Automation journeys for PL, AL. Mortgages *

plans for ‘Agency Business’ aside an enhancer for CA book

3. Offered Secondary ASBA in partnership with leading discount brokerage

IRIS Super App for Retail customers with 220+ features

5. CBDC: Launched e-Rupee app

3. CC / Retail Assets Collection Through IRIS

4. Transaction Banking - E2E Digital Supply Chain I MCTC on IRIS

5. New Super App for Business – IRIS For Biz

6. Productivity Related – Supervisory Dashboard in Genie I Simplification of

IRIS – A Next Gen ‘all-in-one’ Retail SUPER APP

Gaining Strong Traction Since Go Live in Aug 2023

17 lakh Registered Users

~14,000 PL Sourced

34 lakh Service Request Handled

8.6 Lakh Monthly Active Users1

1.6 Lakh RuPay Cards issued

53 lakh Transactions

1 Dec 2023

YES Connect : Enriched Customer Experience Super App for Businesses

API’fication of our Marketplace model (YES Bank + Partner Offerings)

YES Bank Services

Partner Services

E-Invoicing

Smart Collections

Remittances

Payments (FT2/IMPS)

Expense Mgmt.

Card Solution Mgmt.

Digital KYC

Trade Finance Services

Payment Aggregator Services

YES Bank & Partner Stack

Cardless cash withdrawal

Neo Bank services

Public Digital Infra - ONDC, CBDC, ULIP etc

ERP Integration

Prepaid issuance & Management

Statutory Payments

Sachetization of Solutions across Industry Segments

FinTechs

Retailers

Exchange Houses

Co-operative Banks

NBFCs

Education

Manufacturers

MSME

Pharma

Curated Segmental Solutions

Merchant acquiring

Supply Chain Business

Hospitality

Hospital

Digital Loan Mgmt.

Digital KYC & Due-diligence

& Many Others

Services across

Others..

Liabilities, General Banking and Cash Management

Trade, Remittances, FX and Supply Chain

Working Capital Financing and Service Fulfilment

Public Digital Infrastructure

Service Fulfilment

Beyond Banking (Partner Soln.)

30+ Partners

450+ APIs

100+ Solutions

4x QoQ User growth

Ecosystem Partners Digitizing client journeys & creating inorganic client acquisition funnel through Fintech partnerships

Partnership roadmap of Digital & Transaction Banking

Source Digital

Onboard Digital

Transact Digital

Service Phygital

Monitor Digital

▪ Digital Acquisition at

▪ Digital Client Onboarding

▪ API’fication of all Bank Products

▪ Digital tools for FTR query

▪ Digitalized reporting & MIS

Scale thru Partnerships – CA-SA accounts, Supply Chain, Cards, Retail Assets, etc

& Product Setups

▪ Create STP journeys for Liability

resolution at low-cost model

▪ End-to-end digital Sales

▪ Digital a/c Opening

& Asset products

▪ AI led Service resolution

force

▪ with Instant a/c Operations

▪ FinTech Partnership & integration

▪ ML led Digitalized

Compliance, FRM, AML

Quantum Force Multiplier for Inorganic Client Acquisition across…

… & many more

Transaction Banking: Sustainable & Granular Revenues through Digital Payments, Trade Finance & Cash Mgt.

95% of our Corporate CASA is embedded with Digital & Transaction Banking Product & Solutions

2+ PPI* in Corporates covers 82% CA, 97% CMS Thruput, 95% Trade FB*, 88% Trade NFB* & 96% EXIM* flows

70% of all Lending Clients have 2+ TBG & DB Product Embedment

STRENGTHENING FRANCHISE

13% YTD Corp. CA growth YoY

29% YTD growth in Mandate executed YoY

3x growth YoY in AUC

1.5x YoY growth in Corp. IBU CA

30% YoY growth in CMS Thruput

17% YTD growth in NFB and 12% YTD growth SCB

10% NFB from NTB/NTT clients

5% Trade Fees from NTB/NTT

5% growth in EXIM flows against FY23 Qtrly Avg Flows

BUSINESS HIGHLIGHTS

PAYMENT & PRODUCT LEADERSHIP

2% growth in UPI, 82% in NACH & 39% growth in BBPS YoY ~22% Market Share in Bullion within the Banking Industry and ~8% Market Share in LRS

86% growth in Statutory payments 136% growth in GST payments 54% growth in EPFO payments 17x growth in Custom Duty/ Excise Payments

~12 million queries and ~400k service requests managed by Yes Robot and Whatsapp Banking

~100,000 client queries addressed successfully by our Corporate Client Management team

90% of our Corporate CASA clients is covered by dedicated Service Team, with query resolution at 93% First Time Right with 92% TAT adherence

SUPERIOR SERVICE

* PPI @ Product Penetration Index, FB @ Fund Book, NFB @ Non-Fund Book, EXIM @ Export & Import, TBG @ Transaction Banking Group, DB @ Digital Banking, # NPCI; CMS @ Cash Management, TF @ Trade Finance, NTB @ New to Bank, NTT @ New to Trade, SCB @ Supply Chain Banking

Powering Digital India with our Distinctive Capabilities

Powering ~30% of all AePS in India (#1 by Txn Count)

#1 PSP Bank1 Powering ~118 mn txn daily

CAGR 26.7% (Q4FY21-Q3FY24)

CAGR 54.2% (Q4FY21-Q3FY24)

120

110

100

29.3%

23.8%

25.2%

20.2%

18.1%

35.0%

30.0%

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

24.0

21.0

18.0

15.0

12.0

9.0

6.0

3.0

45.0%

41.5%

38.3%

38.1%

35.9%

31.3%

3 . 3

0 . 6

3 . 9

5 . 0 1

2 . 1 1

8 . 0 1

Q4FY21 Q4FY22 Q4FY23 Q1FY24 Q2FY24 Q3FY24

AEPS (Transactions, Mn)

AEPS Market Share

UPI (Transactions, Bn)

UPI Market Share

~4X growth in CMS Throughput Since Mar’21

Steadily Market Share Gains; #2 in NACH

CAGR 70.4% (Q4FY21-Q3FY24

CAGR 222.1% (Q4FY21-Q3FY24

25.0

20.0

15.0

10.0

5.0

0.0

0 . 5

0 . 0 1

1 . 0 2

5 . 8 1

6 . 0 2

8 . 1 2

76.0

66.0

56.0

46.0

36.0

26.0

16.0

6.0

12.7%

11.3%

9.7%

14.7%

6 . 1 1

3 . 6 3

9 . 4 4

9 . 3 5

4 . 2 6

Q4FY21 Q4FY22 Q4FY23 Q1FY24 Q2FY24 Q3FY24

CMS Throughput (INR Tn)

NACH (Transactions, Mn)

NACH Market Share

AePS – Aadhar Enabled Payment System; UPI – Unified Payments Interface; PSP – Payment Service Provider NACH – National Automated Clearing House; CMS – Cash Management Services

1 For Oct & Nov 2023

70.0%

60.0%

50.0%

40.0%

30.0%

20.0%

10.0%

0.0%

-10.0%

-20.0%

0.16

0.14

0.12

0.1

0.08

0.06

0.04

0.02

% Credit Cards Issued Digitally1

CAGR 21.3% (Q4FY22-Q3FY24)

88%

92%

95%

79%

68%

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

Q4FY22

Q4FY23

Q1FY24

Q2FY24

Q3FY24

1. Includes offline assisted journeys

% CC Issued Digitally

Responsible franchise with sustainability at its core – Highest rated Indian Bank in ESG

S&P Global ESG Score Highest Score amongst Indian banks in the 2023 S&P Global CSA*

FTSE4Good Included in FTSE4Good Index Series

CDP Highest rated Indian bank for climate disclosures 2022 – rated ‘A-’ (Leadership Band)

CRH Ranked highest amongst 34 large scheduled commercial banks on climate preparedness – Climate Risk Horizons study

Aligning with global frameworks

Taking the lead in climate and sustainable finance

First Indian Bank to be a Founding Signatory to UNEP FI Principles for Responsible Banking, striving to align its business strategy with the Paris Agreement and UN SDGs

First Indian Bank to support and align disclosures to TCFD recommendations

First Indian Bank to publish a sustainability report in line with GRI

First Indian Bank to measure and report financed emissions of its electricity generation loan exposure and develop targets to align with SBTi well-below 2°C scenario

Launched India’s first Green Bond and Green Fixed Deposit product

One of only 5 Accredited Entities to the Global Climate Fund

Robust ESG & Climate Governance

CSR & ESG Committee of the Board: Highest governance body that drives the Bank's ESG agenda

Sustainable Finance (SF) Unit: Implements the Bank’s sustainability strategy in coordination with sustainability SPOCs from BUs across the organization to

Sustainability Council: Executive committee chaired by the MD & CEO, develops and reviews the Bank’s sustainability strategy

ESG KPIs: Domain-specific ESG KPIs integrated into the goals of Top Management

*S&P Global Corporate Sustainability Assessment (CSA) 2023 - (Score as of Dec. 1, 2023)

Integrating ESG considerations across the Bank’s business and operations

Environment

Social

Governance

First Bank globally with an ISO 14001:2015 certified Environmental Management System covering 1,186 facilities

Net zero by 2030: Committed to GHG emissions from operations to net zero by 2030. Switched key facilities including YES BANK House to 100% renewables

Responsible lending: Instituted an Environment and Social Risk Management System (ESMS) to integrate E&S risks into overall credit risk assessment framework

Climate finance: Focussed financing towards renewable energy, electric vehicles, and rooftop solar adoption amongst MSMEs

21% women participation in the Bank’s workforce with a target to achieve 25% gender diversity by FY 2024-25

7.6 lakh* active women customers under the Bank’s flagship group-lending programme, YES LEAP

35,000 youth impacted through employability and entrepreneurship interventions by YES Foundation. With a target to impact over 1 lakh youth by 2026

54% of the Directors on the Bank’s Board are Independent Directors

23% of Directors on the Bank’s Board are women

*As on March 31, 2023

Contents

Profitability Improvement Roadmap

Financial Results- Q3FY24

YES BANK Franchise

Results At a Glance – Q3FY24

All figures in INR Crs

Total Assets

Advances

Total Disbursements1

Deposits

CD Ratio

Advances Mix

380,391

217,523

28,498

v/s.

241,831

89.9%

v/s.

Retail & SME: Mid Corp: Corporate 63%:14%:23%

4.2%: Q-o-Q 10.7%: Y-o-Y

4.0%: Q-o-Q 11.8%: Y-o-Y

28,077 Q2FY24 27,311 Q3FY23

3.2%: Q-o-Q 13.2%: Y-o-Y

89.2% Q2FY24 89.7% Q3FY23

63% : 14% : 23% in Q2FY24 58% : 13% : 29% in Q3FY23

Arrows indicative of Q-o-Q Trends

Net Interest Income

Non-Interest Income

Operating Profit

Profit After Tax

NIM%

C/I Ratio 2

2,017

4.8%: Q-o-Q 2.3%: Y-o-Y

1,195

-1.3%: Q-o-Q 12.1%: Y-o-Y

864

7.8%: Q-o-Q -5.4%: Y-o-Y

231

2.8%: Q-o-Q 349.2%: Y-o-Y

CASA Ratio

CET 1 Ratio 3

GNPA

NNPA

29.7%

v/s.

29.4% Q2FY24 29.9% Q3FY23

12.6%

v/s.

2.0%

v/s.

13.1% Q2FY24 13.0% Q3FY23

2.0% Q2FY24 2.0% Q3FY23

0.9%

v/s.

0.9% Q2FY24 1.0% Q3FY23

2.4%

v/s.

73.1%

v/s.

2.3% Q2FY24 2.5% Q3FY23

74.4% Q2FY24 69.9% Q3FY23

Net Carrying Value of SRs as % of Advances

LCR 4

0.8%

v/s.

118.4%

v/s.

1.1% Q2FY24 1.9%:Q3FY23

120.9% Q2FY24 113.4% Q3FY23

1 Includes Limit Setup & New Sanctions 2 Excluding PSLC, C/I ratio at 70.9% 3 Includes Profits 4 Average for the quarter

Highlights for Q3FY24

▪

P&L Highlights

NIMs expand Q-o-Q driven by efficient Balance Sheet Management, despite headwinds on Deposits and Funding Costs

•

NII at INR 2,017 Crs for Q3FY24 up 2.3% Y-o-Y and 4.8% Q-o-Q

NIMs at 2.4% for Q3FY24 vs. 2.5% last year and 2.3% last quarter

▪

Core Non-Interest Income momentum sustains across diverse and granular fee streams

•

Non-Interest Income at INR 1,195 Crs, up 12.1% Y-o-Y

Adj. for Realised/ Unrealised gain on Investments, Core Non- Interest Income up 23.4% YoY

▪

Continued Cost Efficiencies: 2nd successive quarter of <1% Q-o-Q rise in Operating Expenses

•

Operating Expenses at INR 2,347 Crs up 10.6% Y-o-Y and only 0.6% Q-o-Q

Adj. for PSLC costs, Operating Expenses up 7.2% Y-o-Y and decline of 0.8% Q-o-Q

▪

Provision Costs at 0.6% of Assets flattish Q-o-Q despite 0.5% ageing related provisions on Security Receipts during the quarter

•

Provision Costs (non- tax) for Q3FY24 at INR 555 Crs down 34.3% Y-o-Y

AIF related provisions fully absorbed at INR 12.5 Crs

▪

Net Profit at INR 231 Crs for Q3FY24 up 349.2% YoY and 2.8% Q-o-Q

•

RoA at 0.2% v/s. 0.1% in Q3FY23 and 0.2% in Q2FY24

Key initiatives/ Achievements

▪

One of four Banks live as both Acquirer and Issuer for ICCW Services (Interoperable Cardless Cash Withdrawal)- facilitates withdrawal of cash from ATMs through UPI without using their Card

YES BANK tops Indian Banks with highest S&P Global ESG Score in 2023

Senior Management Appointments during quarter: Mr. Tushar Patankar as Chief Risk Officer and Mr. Rajat Chhalani as Chief Compliance Officer

Inclusion in BSE Next 50 and BSE 100 Indices

1 Including redemption of Security Receipts amounting to INR 531 Crs

▪

Balance Sheet Highlights

Robust Deposit accretion & Q-o-Q improvement in CASA Ratio despite industry wide headwinds

•

Adjusted for Certificate of Deposits, Deposits growth at 15.0% Y-o-Y and 3.2% Q-o-Q

CASA Ratio at 29.7% v/s. 29.9% in Q3FY23 and 29.4% in Q2FY24

▪

Acceleration in SME Advances and sustained momentum in Mid Corporate Advances

•

SME Advances up 24.0% Y-o-Y and Mid Corporate Advances up 26.4% Y-o-Y

SME/ Mid Corporate Advances Mix at 15.2%/ 14.4% respectively, up 130/150 bps Y-o-Y respectively and 40 bps Q-o-Q each

▪

Focus on Mix calibration within Retail Advances segment

•

Retail Advances up 22.3% Y-o-Y; Retail Advances Mix at 47.4% v/s. 44.0% in Q3FY23 and 48.0% in Q2FY24

▪

Organic Capital Accretion limits consumption despite mandated rise in RWA% in select Products

•

CET I Ratio at 12.6% v/s. 13.0% in Q3FY23 and 13.1% in Q2FY24, despite ~40 bps consumption due to Regulatorily mandated RWA increase

▪

All-around improvement in Asset Quality: 30 bps Q-o-Q reduction in (NNPA + net carrying value of SR)%; Slippages, GNPA, NNPA Ratio flattish Q-o-Q; PCR improves Q-o-Q

•

(NNPA + net carrying value of SR) as % of Advances continued to improve to 1.7% in Q3FY24 vs. 3.0% in Q3FY23 and 2.0% in the previous quarter

• GNPA ratio at 2.0% as of Dec 31, 2023, v/s 2.0% in Q3FY23 and 2.0% in Q2FY24; NNPA

ratio improved to 0.9% v/s. 1.0% last year and 0.9% last quarter

•

Provision Coverage Ratio (PCR) of NPA at 56.6% v/s 56.4% last quarter. Including Technical Write- offs, PCR at 71.9% v/s. 72.1% in Q2FY24

Strong Resolution momentum with recoveries and resolutions at INR 1,316 Crs1 in Q3FY24

• Gross Slippages at INR 1,233 Crs for Q3FY24 v/s. INR 1,199 Crs last quarter year and INR

1,610 Crs in Q3FY23

Profit and Loss Statement

All figures in INR Crs

• Net Profit for Q3FY24 at INR 231 Crs up

349.2% Y-o-Y and 2.8% Q-o-Q

• NII at INR 2,017 Crs for Q3FY24 up 2.3% Y-o-Y and 4.8% Q-o-Q despite persisting Industry wide headwinds

• NIM at 2.4% up 10 bps Q-o-Q

• Non-Interest Income at INR 1,195 Crs, up

12.1% Y-o-Y

• Operating Costs at INR 2,347 Crs up 10.6% Y-o-Y and only 0.6% Q-o-Q. Excluding PSLC cost, Operating Expenses lower Q-o-Q

• C/I at 73.1%. Excluding PSLC cost, C/I at

70.9% vs. 73.2% last quarter

• Provision Costs (non-tax) at INR 555 Crs

down 34.3% Y-o-Y

1 Certain identified Interchange expenses have been netted off against Interchange Income from Q1FY24. Previous period figures have been re-classified accordingly.

Q3FY24Q2FY24Q3FY23Q-o-QY-o-YNet Interest Income2,017 1,925 1,971 4.8%2.3%Non Interest Income1,195 1,210 1,066 -1.3%12.1%Total Income3,211 3,135 3,036 2.4%5.8%Operating Expenses2,347 2,334 2,123 0.6%10.6%Staff Cost911 892 857 2.1%6.2%Other Operating Expenses1,437 1,442 1,265 -0.4%13.5%Operating Profit/(Loss)864 801 914 7.8%-5.4%Provisions555 500 845 10.9%-34.3%Profit Before Tax309 301 69 2.8%349.0%Tax Expense78 76 17 2.8%348.5%Net Profit / (Loss)231 225 52 2.8%349.2%Yield on Advances10.1%10.1%9.0%Cost of Funds6.4%6.4%5.7%Cost of Deposits6.1%6.0%5.3%NIM2.4%2.3%2.5%Cost to income73.1%74.4%69.9%Profit and Loss Statement Quarter EndedGrowthBreak Up of Non-Interest Income

All figures in INR Crs

• Non-Interest Income at INR 1,195 Crs for Q3FY24, up 12.1% Y-o-Y. Adjusted for Realised/ Unrealised gain on Investments, Non- Interest Income up 23.4% YoY

• Corporate Trade & Cash Mgmt. fees grew

14.5% Y-o-Y

• Retail Banking Fees up 36.5% Y-o-Y

•

Healthy product mix in Insurance Sales contributing to momentum in Third Party Sales

69% Y-o-Y growth in Mutual Fund Sales with 36% Y-o-Y growth in MF AUM

108% growth in CMS collection throughput v/s. last year

Interchange Income underlying growth remains robust at 25.4%

1 Certain identified Interchange expenses have been netted off against Interchange Income from Q1FY24. Previous period figures have been re-classified accordingly.

Q3FY24Q2FY24Q3FY23Q-o-QY-o-YNon Interest Income1,195 1,210 1,066 -1.3%12.1%Corporate Trade & Cash Management214 236 187 -9.3%14.5%Forex, Debt Capital Markets & Securities107 117 244 -8.2%-56.0%Of which realised/ unrealised gain on Investments48 38 137 27.9%-64.9% Corporate Banking Fees71 60 46 18.3%51.9% Retail Banking Fees802 797 588 0.7%36.5%Trade & Remittance156 156 120 0.1%30.2%Facility/Processing Fee133 123 108 8.4%23.1%Third Party Sales 172 170 65 1.2%165.4%Interchange Income170 191 135 -11.4%25.4%General Banking Fees172 157 160 9.3%7.4%Break up of Non Interest IncomeQuarter EndedGrowth Break up of Operating Expenses

All figures in INR Crs

• Second successive quarter of <1% Q-o-Q growth in Operating Expenses

• Opex for Q3FY24 grew 10.6% Y-o-Y and

only 0.6% Q-o-Q

• Opex / Avg. Assets have been flattish

at 2.5%-2.6% over last 8 quarters

• Business volume linked expenses

contained

• Premises costs up 11.9% Y-o-Y largely led by ~50 new branches opened over last 4 quarters

• Others: PSLC Cost of INR 71 Crs during the quarter. C/I excluding PSLC at 70.9% vs. 73.2% last quarter

Professional Fees primarily comprise of Bureau costs and vendor fees related to Collections, Contact Centre and other consulting and legal costs 1 Certain identified Interchange expenses have been netted off against Interchange Income from Q1FY24. Previous period figures have been re-classified accordingly. 2 Certain expense lines in Others have been re-classified into Professional Fees from Q2FY24. Historical figures have been restated accordingly

Q3FY24Q2FY24Q3FY23Q-o-QY-o-YStaff911 892 857 2.1%6.2%Business Volume Linked452 438 482 3.4%-6.2%IT273 266 236 2.7%15.7%Premises232 239 207 -3.1%11.9%Professional Fees264 262 235 0.8%12.1%Others216 238 105 -9.3%105.5%Total Opex2,347 2,334 2,123 0.6%10.6%Break up of Operating ExpensesQuarter EndedGrowthProvisions and P&L

All figures in INR Crs

• Provision costs for Q3FY24 down by

26.6% Y-o-Y

•

Non-Tax provisions down 34.3% Y-o-Y

• Gross Slippages for Q3FY24 at INR 1,233 Crs v/s. INR 1,610 Crs in Q3FY23 and INR 1,199 Crs in Q2FY24

•

Slippages Net of Recoveries and Upgrades at INR 574 Crs v/s. INR 543 Crs last quarter

• Provisions for Investments include:

•

Ageing Related Provisions of INR 477 Crs during the quarter

Gross Redemption from Security Receipts at INR 531 Crs with provision release of INR 369 Crs

• Resolution momentum continues to be

strong with Total Recoveries & Upgrades for Q3FY24 at INR 1,316 Crs

• NNPA + net carrying value of SR as % of Advances at 1.7% v/s. 2.0% in Q2FY24

NM = Not Measurable

Q3FY24Q2FY24Q3FY23Q-o-QY-o-YOperating Profit/(Loss)864 801 914 7.8%-5.4%Provision for Taxation78 76 17 2.8%348.5%Provision for Investments 167 (286)2,902 NM-94.2%Provision for Standard Advances(34)(39)(107)-11.1%-67.8%Provision for Non Performing Advances457 767 (2,001)-40.4%NMOther Provisions(35)58 50 NMNMTotal Provisions633 576 862 9.8%-26.6%Net Profit / (Loss)231 225 52 2.8%349.2%Return on Assets (annualized)0.2%0.2%0.1%Return on Equity (annualized)2.2%2.2%0.6%EPS-basic (non-annualized) 0.080.080.02Break up of ProvisionsQuarter EndedGrowthBalance Sheet

All figures in INR Crs

• Balance Sheet grew 10.7% Y-o-Y

•

C/D ratio at 89.9% v/s. 89.7% in Q3FY23 and 89.2% in Q2FY24

• Advances growth at 11.8% Y-o-Y. Excluding Inter-Bank Reverse Repo, Advances growth at 13.6% Y-o-Y

• Disbursements of INR 28,498 Crs in

Q3FY24

Disbursements

Q3FY24

Retail Assets

Rural Assets

SME 1

Mid Corporate

Corporate

9,769

1,126

8,265

1,108

8,231

• Excluding CDs, Deposit Growth at

15.0% Y-o-Y

1 Includes sanctions/ limit set-ups

Balance Sheet31-Dec-2330-Sep-2331-Dec-22(Q-o-Q) %(Y-o-Y) % Assets 380,391365,223343,7784.2%10.7%Advances217,523209,106194,5734.0%11.8%Investments79,33376,20468,3824.1%16.0% Liabilities 380,391365,223343,7784.2%10.7%Shareholders Funds41,68441,44340,1540.6%3.8%Total Capital Funds44,26944,62944,339-0.8%-0.2%Deposits241,831234,360213,6083.2%13.2%Borrowings79,38170,72668,92812.2%15.2%Break up of Deposits31-Dec-2330-Sep-2331-Dec-22(Q-o-Q) %(Y-o-Y) %CASA71,74968,95763,9274.0%12.2%Current Account 32,69532,43329,0490.8%12.6%Savings Account39,05436,52434,8786.9%12.0%CASA Ratio29.7%29.4%29.9%Term Deposits170,082165,403149,6812.8%13.6%Certificate of Deposits003,236NMNMTotal Deposits241,831234,360213,6083.2%13.2%Break up of Advances & Deposits

All figures in INR Crs

• Sustained Granularization of Balance

Sheet:

•

Retail Advances mix at 47.4% v/s.44.0% in Q3FY23 and 48.0% in Q2FY24

CASA + Retail TDs1 at 58.1%

Average daily CA for Q3FY24 grew 6.8% Y-o-Y

Average daily SA for Q3FY24 down 1.6% Y-o-Y but up 1.2% Q-o-Q

• Decline has been led by bulky SA

accounts

Accounts with SA AMB Y-o-Y Growth

<1 Crs 1-2 Crs 2-5 Crs 5-10 Crs >10 Crs

14.2% 20.5% 21.6% 25.8% -24.0%

•

~398K Retail CASA Accounts opened in Q3FY24

1 Based on Balances </= INR 2 Crs on an Account Level; 2 Excluding Certificate of Deposits; basis internal business segmentation

Segmental Break up of Deposits31-Dec-2330-Sep-2331-Dec-22Q-o-Q Growth (%)Y-o-Y Growth (%)Retail & Branch Banking Deposits132,821125,552108,6435.8%22.3%Retail & Branch Banking CASA Ratio35.7%34.9%36.9%Other Deposits109,010108,808101,7280.2%7.2%Other CASA Ratio22.3%23.1%23.4%Total Deposits241,831234,360210,3713.2%15.0%Segmental Break up of Advances31-Dec-2330-Sep-2331-Dec-22Q-o-Q Growth (%)Y-o-Y Growth (%)Retail103,085100,44184,2622.6%22.3%SME33,14230,97826,7227.0%24.0%Mid corporate31,26329,29424,7306.7%26.4%Corporate50,03248,39355,8283.4%-10.4%Others (Reverse Repo)3,031Total Net Advances217,523209,106194,5734.0%11.8%Break up of Investments

All figures in INR Crs

• Total Net Investments at INR 79,333 Crs

•

SLR – INR 69,959 Crs

NSLR – INR 9,374 Crs

• Standard Performing- INR 6,064 Crs: ~98% Rated AA and above

• Security Receipts- INR 1,714 Crs

• Others1- INR 1,596 Crs

Investments Breakup

HTM 3%

SLR 88%

NSLR 12%

AFS 7%

HFT 2%

1 Includes Equity, Preference, CDR, US Treasury Bills, NPI & Others

NPA Highlights

All figures in INR Crs

• Gross NPA Ratio at 2.0% flat Q-o-Q

• Gross Slippages for Q3FY24 at INR 1,233 Crs v/s. INR 1,610 Crs in Q3FY23 and INR 1,199 Crs in Q2FY24

•

Slippages Net of Recoveries and Upgrades at INR 574 Crs v/s. INR 543 Crs last quarter

•

Including Technical W/O, Provision Coverage Ratio (PCR) at 71.9%

30-Sep-2331-Dec-23OpeningAdditionsUpgradesRecoveriesWrite OffsClosingRetail1,4131,051332754291,628SME4529364157458Mid corporate219545070215Corporate2,23636457002,156Total4,3191,2334911684364,457MovementMovement of GNPAGNPA(%)GNPA(%)GNPA(%)Retail1,628 1.6%1,413 1.4%960 1.1%SME458 1.4%452 1.4%232 0.9%Mid corporate215 0.7%219 0.7%143 0.6%Corporate Banking2,156 4.2%2,236 4.5%2,568 4.5%Total4,457 2.0%4,319 2.0%3,904 2.0%31-Dec-22Segmental GNPA31-Dec-2330-Sep-23 Asset Quality ParametersGross NPA (%)Net NPA (%)Provision Coverage Ratio excl. Technical W/O (%)Provision Coverage Ratio incl. Technical W/O (%)31-Dec-222.0%1.0%49.4%31-Dec-2330-Sep-232.0%0.9%56.6%2.0%71.9%72.1%64.0%0.9%56.4%Summary of Labelled & Overdue Exposures

All figures in INR Crs

• Slippage of INR 73 Crs in Q3FY24 from Standard Restructured Advances pool of Q2FY24

• Recovery, Upgrades and Repayments from

Standard Restructured accounts amounted to ~INR 361 Crs

• Security Receipts Redemptions during the quarter aggregated to INR 531 Crs

•

Provision Coverage on Security Receipts at 73.2%

• Overdue book of 31-90 days at INR 4,379 Crs vs. INR 4,752 Crs in Q3FY23 and INR 3,898 Crs in Q2FY24

1 Comprises only Corporate Accounts 2 Already Implemented as of respective date; Erstwhile category represents Standard Restructured accounts and does not include withdrawn categories such as SDR, S4A etc. 3 Where provisioning has been made as per requirement of RBI circular on Prudential Framework for Resolution of Stressed Assets dated June 7, 2019

GrossProvisionsGrossProvisionsGrossProvisionsNPA4,4572,5234,3192,4343,9041,930Other Non Performing Exposures7,5025,0057,8824,59610,2215,392NFB of NPA accounts9872041,0662051,183237NPI1221221356318575Security Reciepts6,3934,6796,6814,3298,8535,080Total Non Performing Exposures11,9597,52812,2017,03014,1257,323Technical Write-Off2,4302,4302,4462,4461,5841,584Provision Coverage incl. Technical W/O 69.2%64.7%56.7%Std. Restructured Advances3,9583944,4994425,860581Erstwhile267492745133DCCO related1,223611,469731,71886MSME393404734873275Covid2,0752432,2832693,407418Other Std. exposures3331153331162227561-90 days overdue loans2,0512,4212,834Of which Retail94390854931-60 days overdue loans2,3271,4771,918Of which Retail1,2611,15086530-Sep-2331-Dec-2231-Dec-23ParticularsCET 1 Ratio at 12.6%

Bank’s Capital Adequacy Ratio 1

16.3%

17.3%

18.2%

CET 1 Ratio at 12.6%

CRAR

Post full warrant conversion ~110 bps to further accrue to CET I ratio

CET I Q-o-Q Movement in Q3FY24

Impact of RBI Circular dated Nov. 16, 2023

1 Includes Profits; 2 Including through Rating Rationalization in both Loan and Trade Book, reduction in Net Carrying Value of SRs and Balance Sheet Optimization

12.6%13.1%13.0%3.7%4.2%5.1%31-Dec-2330-Sep-2331-Dec-22TIER IICET 1Contents

Profitability Improvement Roadmap

Financial Results- Q3FY24

YES BANK Franchise

Retail Bank: Full spectrum retail bank growing with strong momentum

All figures in INR Crs

Strong growth in Retail Advances 1

Pan-India presence via 1,198 branches, 193 BC banking outlets and 1,287 ATMs, CRM’s & BNA’s

Cater to all customer segments (HNI, affluent, NRIs, mass, rural and inclusive banking) with full product suite

Leadership / significant share in payment and digital businesses

(UPI, AEPS, DMT)

58% of branches in Top 200 deposit centers

~90% of transactions via digital channels

Advanced score- cards and analytics being leveraged across underwriting and engagement

+22% Y-o-Y.

Highest Ever

As % of total advances

44%

45%

47%

48%

47%

…along with healthy growth in Retail & Branch Banking Deposits 1

As % of total deposits

51%

52%

54%

55%

In addition, continued momentum within Retail Fee Income

1 Basis Internal Business Segmentation; excludes SME Advances and Government Banking Business – prior period figures appropriately restated

588752670797802Q3FY23Q4FY23Q1FY24Q2FY24Q3FY2484,26291,03694,445100,441103,085Q3FY23Q4FY23Q1FY24Q2FY24Q3FY24108,643 113,286 117,608 125,552 132,821 Q3FY23Q4FY23Q1FY24Q2FY24Q3FY24Branch Banking: Expanding Footprint, Enhanced Digital Cross Sell & Growth in Granular Deposits

All figures in INR Crs

Branch Network

Digital Journeys for seamless Customer Acquisition, Servicing & Cross sell

Branches

BCBO

1,342

150

2 9 1 , 1

1,362

150

2 1 2 , 1

1,377

179

8 9 1 , 1

1,391

193

8 9 1 , 1

1,246

101

5 4 1 , 1

Current & Savings Account Onboarding

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Q3FY24

Strong momentum in Granular Deposits

Retail & Small Business Deposit (Gross LCR definition- EOP Balance)

%Total deposits

Assisted Digital • ~95% Eligible SA, ~72% Eligible CA accounts opened digitally • Comprehensive digital onboarding for Individual CA, Sole Proprietors,

•

COs & LLP Industry First - data backed Product Recommender - Auto fetch profile information product recommendation in real time for New to Bank CA

from GST for KYC validation & right

Digital Co-origination enabled across CA & SA onboarding • Co-sourcing of 3-in-1 (demat & trading) account with SA • Co-origination of SA along with CA for sole proprietors in a single

journey

DIY with VKYC • End to End STP journey for digital SA & individual CA account opening • DIY Journeys for Government schemes enabled – APY and PMJDY

115,000

110,000

105,000

100,000

95,000

90,000

85,000

96,964

45.4%

100,154

46.0%

103,554

47.2%

113,247

108,241

46.2%

46.8%

54.0%

52.0%

50.0%

48.0%

46.0%

44.0%

42.0%

40.0%

Servicing • >90% Customer Service Journeys processed digitally through

various DIY platforms for liability customers

• Over 55 Service journeys live on “iris by YES Bank” – bank’s

newest digital app

Cross Sell • End-to-end digital

journeys for Fixed deposits, Credit card,

Personal loan, 3-in-1 trading a/c, Mutual fund & Insurance etc.

Servicing & Cross Sell

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Q3FY24

• Journeys available across DIY / Assisted

Retail Assets: Fast growing diversified book

All figures in INR Crs

Retail asset disbursements: Calibration in Product mix

Diversified retail book1

Preferred financier status with leading Auto OEMs

On the back of purposeful digital investments

Strong focus on book quality & collections

• Loan in seconds (LIS) platform and front-end

automation initiatives (Yes Robot) have resulted in lower TAT along with higher productivity

• Adopted the account aggregator ecosystem as

FIU / FIP to capitalize on consent layer of India stack

• Sales Force implementation helping in process

improvement and customer delight

1 Split basis gross retail advances

• High share of secured loans in Retail Assets book : nearly 80%, with healthy LTV ratios:

• •

Avg. LTV for Affordable Home Loan ~66%

Avg. LTV for LAP ~55%

97.2%97.5%97.2%97.1%96.9%Q3FY23Q4FY23Q1FY24Q2FY24Q3FY2418%16%16%15%10%6%5%4%3%2%5%Home LoansPersonal LoansSecured Business LoansAuto LoansCommercial Vehicle LoansConstruction Equipment LoansCredit CardsRural BankingBusiness LoansInclusive & Social BankingOthers12,13212,70511,28311,1499,769Q3FY23Q4FY23Q1FY24Q2FY24Q3FY24Rural Assets: Deepening the penetration in emerging rural markets & generating Agri PSL

All figures in INR Crs

Business originations

Robust Farmer financing book & improved collections in Women Microfinance book

1,661

▪ High quality farmer financing book with NPA of 1.6%

1,020

832

1,053

1,208

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Q3FY24

•

100% book qualifies under granular PSL lending

Product suite to cater to all segments of semi urban/ rural ecosystem

Parameterized lending in the granular book for faster disbursements

▪ NPA <1% in the Women Microfinance book generated post–COVID (disbursements on or

after April 1, 2020; constitute ~100% of total book) inline with the microfinance industry standards

▪ Collection efficiency in Women Microfinance book is around 100%

▪ On ground portfolio monitoring/ trigger-based monitoring by an independent risk

monitoring team

Capturing Rural value chain with geographic diversification

Analytics for expansion towards paperless processing

Book Split (value) by segments

11%

JLG financing

Farmer financing (KCC + Farm Mechanization)

MSME financing

84%

Book size : INR 4,539 Cr

▪ Diversified portfolio across ~230 districts in 17 states

▪ Rich pedigree of working with

credible BC partners

▪ Grid based framework for MFI lending (Parameters include AUM size, capital adequacy, external rating, delinquency, diversification etc.)

▪ Digital & Analytics to enhance customer experience / reduce TAT

•

Digital on-boarding, dedicated LMS for rule based sanctions & disbursements and geo- tagged based monitoring

Usage of Bureau data up to PIN code level for geographical expansions & periodic portfolio scrub to monitor portfolio health

Leveraging Fintech/ digitechs for underwriting and risk management

SME Banking: Strong Book Growth while boosting bottom line

All figures in INR Crs

Steady growth in funded book

Funded and Non-Funded Book composition

YoY growth: 24% QoQ Growth: 7%

33,142

30,979

26,722

28,130

28,899

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Q3FY24

• Secured Book : 86 % of SME Book is collateral backed. • Healthy Book : GNPA 1.3% of Fund Book • Growth Vectors : 45% growth in Fee income & 35% YoY growth in Non-Fund book

19%

11%

68%

Working Capital & Term Loan

Channel Finance

Commodity Finance

Non Fund Facilities

SME Portfolio Granularity (Customers)

4 Granularization of Book

Growth avenues, Customer centricity & product innovation

Book Split by Ticket Size (By count of customers)

5% 4%

17%

16%

18%

41%

0-0.5 Cr

0.5-1 Cr

1-2 Cr

2-5 Cr

5-10 Cr

> 10 Cr

• Granularity Initiatives : Creating

traction in CGTMSE, Supply Chain Finance & Digi OD to increase the granularity of the book.

• Unsecured Book : launch of Digi OD, Phase-II for new sourcing.

• High Yield Strategy : Creating granularity through strategic intervention in CGTMSE ,

Supply Chain Finance.

• Supply Chain Finance : Revamping customer journey by re-defining program guardrails and calibrated gating criteria for smooth onboarding experience.

• State of Art LOS system : SMARTFIN • Calibrated programs for better customer suitability & faster TAT. • SME Direct Desk : Exclusive direct desk for SME customers rendering 35 kinds of

services

Credit Cards: Strong business growth and enhanced customer experience

Sustained Strong Growth in Cards, Book Size & Card Spends

1 No of Cards In (‘000s)

Book Size (EOP)n Cr Spends in Cr

1,072

1,893

2,426

1,377

74.1% Y-o-Y

66.9% Y-o-Y

3,159

4,224

1,823

55.2% Y-o-Y

57.3% Y-o-Y

4,969

6,557

Q3FY22

Q3FY23

Q3FY24

New Product Initiatives

Revamped credit card suite in Dec’23 with enhanced features and new card design

▪ Launched a new credit card variant – ‘MARQUEE’ targeting the super affluent

customer segment.

▪ Some industry-best product features include:

➢ Joining Fee - INR 9,999+taxes

➢ Unlimited International lounge visits per calendar year

➢ Buy 1 Get 1 Free Movie Ticket at BookMyShow.

➢ Best-in-class Foreign Currency Mark-up of 1%

➢ Other features include accelerated reward points, Purchase

protection plan etc

Growth in Acquisition and Cross sell

▪ Steady growth in new card acquisition leading to 32% Y-o-Y growth in customer

base to reach ~1.82 million base.

▪

Issued 151K virtual RuPay cards in Q3 FY24.

▪ Highest ever Spends of INR 6,557 Crs in Q3FY24. 55.2% YOY growth over Q3FY23

▪ Book size of INR 4,969 Cr at end of Q3FY24. 57.3% YoY growth over Q3FY23

▪ Recorded highest ever UPI spends of INR 382 Cr in Q3 FY24.

▪

Distribution Outreach and Digitization

Launched a large co-branded credit card with Uni Cards in Dec’23.

Enhanced credit card services provided to the customer through channels like WhatsApp banking

Digital acquisition contribution at 95% at the end of Q3 FY 24.

Wholesale Banking: Covering diverse Client Segments with deep Product Expertise

Scheduled Commercial & Co-op Banks, DFIs, NBFCs, MFIs, Insurance, Mutual Funds, Stock Brokers & Payment Operators

Indian Financial Institutions

International Banking

International Banks, Global DFIs and Cross border Money Transfer Operators

MNCs operating in India

Multinational Corporates

Government Banking

Central & State Government, Public Sector Undertakings

Client Segments

Full suite of customized solutions for Corporate India

Large Corporates

Corporate

Wholesale Banking

Mid Corporate

Emerging Local Corporates

Tailored solutions to Mid-Corporates & New-Age Businesses

Tech enabled Trade, CMS & Supply Chain Finance offerings

Transaction Banking

Economics Knowledge Banking

Macro economic research

Product Expertise

Long Project Term Financing with ring-fenced cash flows

Project Finance

CGA/ FASAR

Corporate & Government Advisory/ Food & Agri Strategic Advisory & Research - Leveraging knowledge banking to strengthen franchise

Capabilities to underwrite larger amounts & syndicate/ sell down to lower holds

Loan Syndication

IFSC Banking Unit

Offshore product offerings through IBU at GIFT City, Gandhinagar

Growing Client Base and improving positioning with laser focus on Risk and Returns

Wholesale Banking Granularization of incremental lending book All figures in INR Crs

Corporate Book & Disbursements

Providing tailored solutions to clients across business segments

Funded O/S

Non-Funded O/S

Disbursements1

Mid Corporate Book & Disbursements

Funded O/S

Non-Funded O/S

Disbursements1

•

Team of 184 Relationship Bankers spread across 10 locations serving 950 + corporates and a team of 43 Product Specialists across Renewables / Infra / Port / Road sectors / Loan syndication

Focus on Trade borrowers : Letter Of Credits and Bank Guarantee of ~ INR 52,700 Crs- up 20% Y-o-Y.

Focus on deposit mobilization from top corporates with average deposit (AMB) of ~ INR 36,600 Crs

Reduction of ~INR 900 Crs in stressed exposure achieved in Q3FY24

New Credit Limits of ~ INR 18,000 Crs sanctioned during Q3FY24, and 35 new corporate relationships added

Team of 203 Relationship Bankers covering Financial Institutions and financial sector entities, Government entities and Multinational Corporates

Solutioning led wholesale liabilities franchise across Government entities, Co- operative banks, BFSI and Fintechs

Market leading position in cross border remittances

Tailored custody services

Granular advances growth with capital light fee driven business model

Team of 335 Relationship Bankers with a strong coverage with presence in 37 key cities

Granular portfolio with a focus on knowledge banking

Deeply entrenched in new-age entrepreneurship ecosystem by providing bespoke digital solutions, incubation and networking platforms

Large Corporates

Financial Institutions, Government Entities and MNCs

Mid Corporates

1 Excludes movement of CC/OD/WCDL/Trade Rollovers

51,31353,70455,76260,34962,559Q3FY23Q4FY23Q1FY24Q2FY24Q3FY2455,82953,99349,51848,39350,02910,34810,92511,28412,50013,242Q3FY23Q4FY23Q1FY24Q2FY24Q3FY2424,73027,04127,34229,29431,2636,5694,1534,7356,6147,6961,1661,5731,3101,4401,108Large Corporates

Focus Sectors

Pan India Presence

Products

Infra - Road & Port

• Chemicals • • Electronics & Electricals • FMCG • Food & Agri • Auto & Auto Ancillaries

• Metals & Mining • Logistics & Warehousing • Transportation • Healthcare & Pharma • Renewable Energy • EV

• Presence in 10 major locations

• Delhi • Kolkata • Mumbai • Pune • Ahmedabad

• Bengaluru • Chennai • Hyderabad • Coimbatore • Kochi

Portfolio Quality and Risk

• Higher proportion of well rated corporates in

Advances

• Continued reduction in stressed book & improvement

in portfolio rating

• Growth in Working Capital & Trade business • Focus on granularizing the portfolio. • Average limit of new sanctions in Q3: INR 182 Crs

Analytics

• Proactive EWS mechanism • Detailed screening of new names prior to on-

boarding

• Working capital Finance, Project Finance, Supply Chain Finance, FX and Derivatives

• Growing non-fund book - Letters of Credit, Bank

Guarantees

• Digital, Collection & Payments, Liquidity

Management Solutions

• Major contributor to Bank’s Liabilities business

• Onboarding new clients via Debt Capital Markets

solutions

• Cross-sell Retail Banking - Corporate salary

accounts & Credit Cards

• Focus on high quality sponsors and granular

book for Project Finance

Mid Corporates

Growth led by NTB and X-sell - higher wallet share and productivity

Knowledge Sectors – Media & Entertainment, Gems & Jewellery, Food & Agri, Pharma, Chemicals, Auto ancillary, Logistics, Metals

ECOM Team Unicorn and Soonicorn Focus

Strong coverage – presence in 37 key locations

Laser Sharp focus on portfolio quality

Sustainable growth in fund based book - Increase Term Loan share

Increase Fee contribution through Augmenting credit & non-credit Trade/CMS income. Focus on digital channels like Trade On Net, Digital Banking, API integration. Using FASAR & Treasury capabilities

Initiatives to maintain Bank’s Leadership Position in startup ecosystem through engagements like API banking, Customized Digital Solutions (UPI/PPI, Digital Escrow), and Advisory Services

Customers provide a multiplier effect for Branch Banking offerings - Employee Salary Accounts, Wealth Management, Credit Cards

Indian Financial Institutions

Co-operative Banks & RRBs • •

Relationship driven, Liability rich product offerings Dominant position in Digital offerings for Co-operative Banks

Banks & DFIs • •

Strong relationships with Domestic Banks & FIs Resource raising in the form of Borrowings & Refinance

NBFCs & MFIs • • •

Sustainable asset book building in well rated / retail focused NBFC’s Strategic PSL funding through Institutional / MFI financing Facilitating Co-lending / DA partnerships to build Retail Book

Capital Markets & Custody • •

Tech enabled/ Tailored solutions for PCM & Custodial business. Banking facilities to Stock Brokers, Clearing members & Exchanges

Mutual Funds & Insurance • •

Digitally advanced CMS offerings Banking facilities to Insurance Co’s / Reinsurance brokers IBU Gift city branch

Authorized Dealer Cat–II & FFMCs • •

Foreign Exchange & Fee Income Tech enabled services and solutions

LIABILITY FOCUS

ASSET GROWTH

LEVERAGING

BUSINESS FACILITATOR

PEOPLE

STRENGTH & GROWTH STRATEGY

Superior and customized Digital and Transactional banking solutions for Financial Institutions

Continued focus on Housing & Retail focused NBFCs. Association with established Brokers

Leverage bank network & capacity to gain wallet share with AD-IIs, SFBs & Co- operative Banks

Facilitating business units by arranging Interbank lines. Co-lending/DA pools & Retail Banking products

Strong distribution channel across all key locations Pan- India

International Banking

FOCUS SEGMENTS

DFI / Banks

International Fintechs / MTOs / Exchange House

•

Resource raising – Trade loans, Bilateral / Syndication loans, MTN borrowings

INR borrowings / FD placements

Interbank limits for global treasury

Cross-border trade facilitation / fulfillment

Nostro / Vostro accounts

Cross-Border Remittances

International trade payments through RDA / OPGSP / LRS – MTO channels

GROWTH STRATEGY

LIABILITIES FOCUS

BOOK GROWTH

INTERNATIONAL PAYMENTS / COLLECTIONS

BUSINESS FACILITATOR

•

Leveraging the Digital & CMS capabilities for generating CA balances

Vostro / Special Rupee Vostro Accounts

Enhanced borrowings from liability rich banks

•

Leveraging bank partnerships for generating non-fund business like guarantees / LC confirmations

• Capitalising the Digital strength of

the bank for increasing wallet share of payments routed under RDA

•

Leverage the Bank as Payment Aggregator model for cross border business payments

•

Interbank lines, trade enablement

Precious metals & Physical Currency

Salary Accounts

Government Banking

FOCUS SEGMENTS

MARKET STRENGTHS

•

Government

Administered Institutions

Central Ministries

State Governments - Government Fund Flow Management

Local Governments – Urban Local Bodies, Districts & Panchayat

Government Agency Business – Central & State Government(s)

Central and State PSUs

State Development Authorities - Land & Housing, Industrial & Infra, Public Works, Irrigation, Product/Produce Promotion & Development, and Conservation Sectors

SERW (Sports, Education & Research, Religious & Welfare Trusts)

First Mover Segments - Defense (Corporatized OFB), Ports (Boards under Major Ports Act, 2021), Utilities - Water, Gas & Electricity

Alternate Investment Funds (AIFs) & Infrastructure Investment Trusts (InvIT)

Special Projects – Projects funded by Multilaterals

COMPETITIVE ADVANTAGE

First mover in Key Growth Sectors - Smart Cities, Defense OFB, Ports

PERFORMANCE & DELIVERY

Quick Turnaround in Solution Identification, Customization & Implementation

PAN-INDIA COVERAGE

IN-HOUSE EXPERTISE

Banker to majority CPSUs pan India for Asset & Liabilities. Re- empaneled with majority of Maharatna, Navratna & Miniratna PSUs

Industry First - Knowledge & Banking proposition in Education, Agriculture & Transportation Sector

AGENCY PARTNERSHIPS

Agency Business Empanelment in Key States - Rajasthan, Assam, Bihar, Meghalaya, Gujarat, Telangana with others in pipeline

GROWTH STRATEGY : MINDSHARE TO MARKETSHARE

PEOPLE

POSITIONING

PRODUCT

DISTRIBUTION CHANNEL

•

Strengthened by presence of GB Team in 35 Locations and further amplified by Branch led sourcing of Government Accounts at All YBL Branch Locations pan-India

•

NETWORK DEVELOPMENT Relationship Management from State to Centre (Civil Service Cadre) enabling seamless information sharing leading to quick business turnaround / conversion

DIGITAL BANKING PROWESS Innovative Bank Owned Solutions

Customized Fintech (Partner) Solutions

•

REVENUE MULTIPLIER

•

Enhanced focus on Fee Based Opportunities – DIM, FX & Hedging and Trade in CPSUs, PSU InvITs & select State PSUs

Structure Finance/Project Finance Opportunities with CPSUs

•

BUSINESS FACILITATOR

KNOWLEDGE

BUSINESS DEVELOPMENT Catalyst for business development of emerging business – acceptance of BG/LC/SBLC by Government(s) & Administered Institutions.

Supply Chain Finance with Anchor CPSUs

•

INDUSTRY FIRST KNOWLEDGE BANKING

Key Growth Seector Knowledge engagement in Eletric Mobility, Solid Waste Management and Start – up Incubation through CGA and Agriculture & Allied Sectors through FASAR

Multinational Corporates

•

Marquee MNCs

Growth MNCs

New Entrants

FOCUS SEGMENTS

Ecosystem Banking

Bespoke CMS and Digital Banking offerings

Value Added Trade services

Retail Liabilities (B2B2C)

MARKET STRENGTHS

FIRST MOVER ADVANTAGE

1st Domestic private sector bank with a dedicated MNC desk

PAN-INDIA COVERAGE & DELIVERY

Core Coverage across 8 cities covering majority of MNC presence in India Service and Digital capabilities of global standards combined with Domestic Reach and Gift City Presence

Primary Banker

Maximization of revenue opportunities across products.

SECTOR ALIGNMENT

Sectoral strategy aligned to bank’s strengths spanning IT/ITES, Ecom, Manufacturing, FMCG, Fintech, Engg, Auto, Tech, Consumer durables, Mobiles, Infra, Food & Agri

Lifecycle Banking

FDI Inflows

INTERNATIONAL DESKS

Dedicated Japan & Korea Desk for accelerated engagement with International decision-makers

GROWTH STRATEGY : PREFERRED LOCAL BANK to MNC Corporates and their Subsidiaries

Liabilities

Asset - Light

Cross Sell

Business Facilitator

DIGITAL & CMS CAPABILITES

WORKING CAPITAL RELATIONSHIPS

FINANCIAL MARKETS

RETAIL SPIN OFF

•

Payments/Collections

• Comfort basis parental financial &

• Cross border business and

governance oversight

transactions

•

Supply chain finance (B2B2C)

Salary Accounts

• Digital Banking

•

Exim Flows

•

Asset light (self-sustaining with C/D ratio)

• Non-credit flows, FX and Trade

intensive business

• Credit Cards

•

FEMA Advisory & Knowledge banking

Project Finance Business & Loan Syndication

Sectoral expertise built over the years across sectors viz. Energy, Ports & Logistics, Transport, Core & Evolving Sectors, Real Estate and demonstrated Distribution capabilities across Banks, NBFCs, FIs

Key Strengths

Sectoral Knowledge

Contribution

Sector-focused Business Development & Risk Identification

Bespoke Solutions

Transaction structuring to suit the specific client and project requirements

Engagement with Regulatory Bodies & other Stakeholders

Pulse of sectoral tailwinds and headwinds across industry and value chain

Market Intelligence & Relationship with Co-Bankers

Facilitate structuring and exposure strategy

Yield Improvement & Risk Diversification with Underwriting and Sell-down

Increased Cross-Sell (Cash flow routing, Lead / Escrow Fees, NFB, etc.)

Meeting Bank’s ESG commitment through lending to sustainability sectors

Knowledge Banking & Thought Leadership

IFSC Banking Unit - GIFT City

GIFT is the only International Financial Services Centre in India. One of the strategic focus areas of the Government and recognized as the key gateway for financial and investment activities. YBL was the First Bank to commence operations in IFSC

• Offers comprehensive FCY products helping the bank complete its Wholesale & Retail product bouquet

• Help the Bank in expanding the wallet share and deepening relationship by offering Lending products (FCY Loans to Indian/Overseas companies, participation in FCY

syndicated loans & bonds, and Funded/ Non funded trade), Forex & treasury solutions, and liability products

• Enables Bank to competitively raise short, medium, and long term FCY resources from Overseas Banks/ Institutions. First to raise resources through an MTN bond

issuance of USD 600 MM in 2018

• Regulated by the International Financial Services Centers Authority “IFSCA” as Host & RBI as Home country regulator. Business & Operations are governed and supervised by

the Bank’s Board appointed Governing Body

ASSET GROWTH

LIABILITY GARNERING

TRADE BUSINESS

OTHER OPPORTUNITIES

GROWTH STRATEGY AND KEY FOCUS AREAS

• Target growth in the overseas lending book through primary / secondary market participation in loans & bonds

• Entry into Indian corporates through

overseas offerings

• FCY liability garnering through NRIs/

Corporates / MNCs / Units in IFSC

• Offer funded and non-funded product suite by capturing business otherwise going to overseas banks

• LRS based product offerings viz. SA / CA /Investments Individuals to Resident diversifying resource base and reduce cost of funding leading to better NIMs

•

Increased cross-border growth revenues

trade

remittances for throughput & forex

• Enhanced treasury product suite with multiple currency & derivate offerings

• Clearing & Settlement bank for various

exchanges at IFSC

• Collateral

Banking exchange participants

Services

Knowledge Banking Leveraging knowledge as a competitive differentiator to grow Banking Business

Economics Knowledge Banking (EKB), Food & Agri Strategic Advisory & Research (FASAR), Corporate & Government Advisory (CGA)

A team of specialists with deep sectoral knowledge and expertise in Economy, Food & Agri, E-mobility & Urban Infra Knowledge events and Government / Private sector CXO level knowledge sharing engagements enable relationship deepening

Thought Leadership Events / Franchise Building

•

Knowledge partnerships with Government Bodies & Industry Associations

APEDA, SPICE BOARD, FICCI, CII, AMCHAM, ACMA, SOPA and CropLife

• Media presence including authored articles for

leading publications

Internal Knowledge Initiatives

•

Share market information with Business / Risk / Credit teams

• Collaborative initiatives to build banking portfolios

•

Sharing macro perspectives with Business Units to enable decision making

• •

•

Knowledge backed client outreach

Private Sector • • Government Schemes (PLI, SAMPADA, AHIDF,

Strategic and project advisory

•

SPECS, State Schemes) Sharing views on economy, currency & interest rates

• Government

• •

•

Visioning, Policy & programs Policy Development, Investment Promotion, Strategic Roadmaps, Financial Impact Evaluation Scheme support to Govt. entities (PM eBus Seva, CIITIIS 2.0 etc.)

New client acquisition & relationship deepening

Generation of business opportunities for assets, liabilities and banking solutions

Branding & mindshare capture through thought leadership events / media presence

Industry connect through knowledge reports on key macro and sectoral themes

Curated & Expansive Digital Interface Enriched customer experience across all customer segments

Yes Online - (Web) Revamped, Simplified and Futuristic Net Banking Service

Corporate & MSME Banking Revamped, Simplified and Futuristic Online & Mobility Service

IRIS – (Mobile Platform) Revamped, Intuitive, Futuristic Super APP in making

Digital Rupee CBDC Wallet for Individual Customers & Merchants

Yes Robot – 24x7 personalized AI powered Chatbot

Whatsapp Banking – Convenient, secure inquiry & transacting Banking Channel

Retail Individuals

MSMEs & Corporate s

Smart Trade & Digital Supply Chain Digital Onboarding, Fintech Partnership, X- Border Remittances & Open Banking

Embedded Banking (BaaS) SDKs to provide seamless Digital experience for SuperApps / NeoBanks and Fintechs

API Banking (BaaS) Expansive and growing API Banking Services for New Age Businesses

Yes Connect Corporate Super APP with Yes Bank and Partner/ Public Digital Services

Yes Pay – Digital Payment Super APP

IVR Banking - Customer Service, Voice bot

Merchant Collection PG, POS, QR Code (UPI / CBDC), Cash & Cheque Solutions for Merchants and Retailers for Digital Collections

Prepaid Instrument (PPI) - Corporate Expense Solution, Wallet Services, Travel, Gift and Fleet Mgmt.

Source Digital

Onboard Digital

Transact Digital

Service Phy-gital

Monitor Digital

IRIS : Enriched customer experience Super APP for Retail Customers

IRIS is a native API-led mobile platform offering banking on fingertips across customer lifecycle (220+ features)

Leveraging 30% mobile native consumers + Digital India stack to build a highly scalable and low C2I digital business model

Key Differentiators

Products & Features Snapshot

Launched in Aug’23

▪

India’s first banking app built on co-creation

Simple & intuitive design

superior

enhanced Significantly banking and experience with acquisition & onboarding journeys

▪ Complete

with

lifecycle personalized experiences

customer hyper- financial

Growth

Savings

Wealth & Protection

Experiences

Payments

Live on IRIS

Personal Loans

Mutual Fund

Auto Loans

Savings account

Deposits

Spend Analyzer

Credit Cards

Financial Planner

Insurance

ONDC

IRIS gold club

Service Bot

UPI/ Fund transfer

Remittances

Bill Payments

Customer Lifecycle

NTB Acquisition

Onboarding Cross-sell Services Transactions Value added experiences

Strategically leverage Public Digital Infrastructure Contributing to building new-age India through collaboration on Key Digital Initiatives

Digital Initiatives

Principle Objectives

YES Differentiators

Account Aggregator (AA)

Consent Layer for Data sharing system making lending and wealth management faster

Curated & Expansive offerings

Open Credit Enablement Network (OCEN)

Creating a common language for collaboration and partnership with Loan Service Providers (LSPs)

Digital Cash flow financing (WIP)

YES BANK launches 1st CBDC Pilot Transaction at Reliance Retail Outlet, Mumbai

YES BANK Joins ONDC Pilot Transaction at VARAHI Limited, with Seller APP

Open Network for Digital

Network (ONDC)

An initiative of the government to democratize digital commerce built on Beckon protocol

Leverage Market Ecosystem

Government Digital Ecosystem

Central Bank Digital Currency (CBDC)

Sovereign digital Currency CBDC W- Pilot G-Sec, CBDC R- eRupee wallet

Efficient Cash Management

Patna Municipal Corporation CBDC launch with Yes Bank

RBI Governor Shaktikanta Das at Yes Bank’s G20 booth showcasing CBDC Application

Unified Logistics Interface Platform(ULIP)

Democratizing logistical information to augment supply chain

Data Driven Solutioning

Regulatory Sandbox

Continuous innovation and engagement for the evolving BFSI sector

Enabling Cross-Boarder Payments,

Other used-cases

Shri Piyush Goyal visiting Yes Bank stall on ULIP Yes Bank is one of the first Banks to partner with GOI on ULIP

Financial Markets – Customised solutions for clients

FX Sales

Debt Capital Markets & PD

>15 yrs

5-15 yrs

<5 yrs

32%

36%

32%

Remittances

Exotics

FX and Interest Rates Swaps

Full Product Suite

FX Options

Currency Notes Imports

Forward s

Active FX trading desk for market making providing best in class pricing for customer transactions and Propriety trading

FX All

FX GO

YesFX

CCIL FX Retail Platform

YesFX Online

Available across digital platforms for Rate booking

Retail Contributes 50% of overall income

60+ Member experienced professionals

Connect with a wide range of Large/Mid-Size Issuers

Corporates

NBFCs & FIs

Banks

InvITs

Comprehensive Product Suite

Diversified Investor Connect

Our Experience

Gsec/ SDLs/ IRS/ Vanilla Bonds / Commercial Paper

Securitization / Credit Enhanced Structures

High Yield Credits

Hedging Products like IRF and OIS

InvITs & Project Bonds

Bank / NBFC Debt

Numerous maiden issuances & multiple repeat mandates

▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪

Mutual Funds Banks Insurance Companies NBFCs Private Wealth Management Retiral Funds Corporate Treasuries Alternate investment Funds FPIs UCBs & RRBs

100+

Years of collective Team experience

1000+

Transactions originated since inception

50+

First-time issuers introduced to Debt Capital Markets

Bullion Desk

Consignment import

Outright domestic and Export Sales

Gold

Silver

Gold Metal Loan

s e p y T r e m o t s u C

Bullion Traders

▪ 3rd Largest Bank

Jewellery Mftg

Jewellery Exporters

for Bullion in India

▪ Extended specialized desk coverage

Robust Governance Structure – Board Members

Eminent and Experienced Board

Rama Subramaniam Gandhi Non-Executive, Part time Chairman, Independent Director

Atul Malik Independent Director

Sharad Sharma Independent Director

Sadashiv Srinivas Rao Independent Director

Sanjay Kumar Khemani Independent Director

Prashant Kumar Managing Director & CEO

Nandita Gurjar Independent Director

Rekha Murthy Independent Director

Rajan Pental Executive Director

Sandeep Tewari Nominee Director appointed by SBI

Thekepat Keshav Kumar Nominee Director appointed by SBI

Shweta Jalan1 Non- Executive Director

Sunil Kaul2 Non- Executive Director

1 Non-Executive– Nominee of Verventa Holdings Limited 2 Non-Executive– Nominee of CA Basque Investments

Professional and Seasoned Management team

Prashant Kumar Managing Director & CEO, YES Bank

Manish Jain Country Head- Wholesale Banking

Niranjan Banodkar Chief Financial Officer

Rajan Pental Executive Director

Gaurav Goel Country Head- Emerging Local Corporate

Ajay Rajan Country Head- Transaction Banking, Govt. Banking and Multinational Business

Indranil Pan Chief Economist

Amit Sureka Country Head- Financial Markets

Pankaj Sharma Chief Strategy & Transformation Officer

Archana Shiroor Chief Human Resources Officer

Dheeraj Sanghi Country Head - Branch and Affluent Banking

Sachin Raut Chief Operating Officer

Rakesh Arya Chief Credit Risk Officer

Sandeep Mehra Chief Vigilance Officer

Shivanand R. Shettigar1 Company Secretary

Tushar Patankar2 Chief Risk Officer

Rajat Chhalani3 Chief Compliance Officer

Kapil Juneja3 Chief Internal Auditor

Akshay Sapru Country Head - Private Banking & Liabilities Products & Retail Digital & Spectrum Banking Business

Sanjiv Roy Country Head - Fee Based Products & Service Experience

Lavesh Sardana Country Head - Retail Assets and Debt Management

Dhavan Shah Country Head - Small Medium Enterprises Banking

Karthikeyan J Chief Data and Analytics Officer

Mahesh Ramamoorthy Chief Information Officer

Nipun Kaushal Chief Marketing Officer and Head CSR

Anil Singh Country Head - Credit Cards and Merchant Acquiring

1 Reports directly to the Chairman of Board 2 Reports directly to the Risk Management Committee of the Board 3 Reports directly to the Audit Committee of the Board

Responsible franchise with sustainability at its core – Highest rated Indian Bank in ESG

S&P Global ESG Score Highest Score amongst Indian banks in the 2023 S&P Global CSA*

FTSE4Good Included in FTSE4Good Index Series

CDP Highest rated Indian bank for climate disclosures 2022 – rated ‘A-’ (Leadership Band)

CRH Ranked highest amongst 34 large scheduled commercial banks on climate preparedness – Climate Risk Horizons study

Aligning with global frameworks

Taking the lead in climate and sustainable finance

First Indian Bank to be a Founding Signatory to UNEP FI Principles for Responsible Banking, striving to align its business strategy with the Paris Agreement and UN SDGs

First Indian Bank to support and align disclosures to TCFD recommendations

First Indian Bank to publish a sustainability report in line with GRI

First Indian Bank to measure and report financed emissions of its electricity generation loan exposure and develop targets to align with SBTi well-below 2°C scenario

Launched India’s first Green Bond and Green Fixed Deposit product

One of only 5 Accredited Entities to the Global Climate Fund

Robust ESG & Climate Governance

CSR & ESG Committee of the Board: Highest governance body that drives the Bank's ESG agenda

Sustainable Finance (SF) Unit: Implements the Bank’s sustainability strategy in coordination with sustainability SPOCs from BUs across the organization to

Sustainability Council: Executive committee chaired by the MD & CEO, develops and reviews the Bank’s sustainability strategy

ESG KPIs: Domain-specific ESG KPIs integrated into the goals of Top Management

*S&P Global Corporate Sustainability Assessment (CSA) 2023 - (Score as of Dec. 1, 2023)

Strong people focus: Stable leadership with focus on up-skilling talent, objective performance management & enabling employee flexibility

Leadership Development

Knowledge Management

D & I Initiatives

Employee Engagement

•

Employees in C-Suite, Leadership, Executive and Senior grades with average vintage of ~ 9 years within the Bank combined with top talent from the industry.

An insightful session, ‘YES Talks - Winning in the Age of Digital Tsunami’ centered on game changing digital revolution, strategic transformations and opportunities to create a digital ecosystem in Banking sector was conducted for select Senior leaders.

Band/Grades2

Q3FY241

YES School of Banking focusses on role and skill-specific training and certifications. Total 2,12,347 training days were clocked in the first three quarters of FY24 with an average of 7.56 training days per employee.

ISO 22301-2019 Lead Implementor (LI) certification on Business Continuity Management was conducted for key units / teams to ensure Business Continuity and Disaster Recovery in any unforeseen events / incidents.

C-Suite, Leadership, Executive and Senior grades

Participants from Business and Digital Technology Solutions Group attended Level training on SAFe(Scaled Agile Framework) - Lean Agile Principles to understand the principles and benefits of Lean and Agile in today’s business context. to further enhance efficiency, adapt to change and identify/ eliminate wasteful processes. .

Middle Management

The Bank commemorated the International Day of Persons with Disabilities with a session conducted by a Visually Impaired Trainer & Change Catalyst, who shared market practices on creating an inclusive workplace and hired additional pool of differently abled employees.

Junior Management

371

4,186

23,535

Average Vintage (in years)

A refresher Workshop on Prevention of Sexual Harassment at Workplace was conducted in the month of December 2023 to further equip the Internal Committee Members with the latest developments in order to effectively handle complaints of Sexual Harassment at Workplace.

‘YES Inspire’, a year long mentorship program aimed at connecting experienced and successful women leaders (mentors) with talented women employees (mentees) to augment their personal and professional development, was launched in October 2023.

In Q3 FY24, over 4900 employees received rewards and 3300+ appreciation messages / wishes were exchanged on the Bank’s Recognition and Rewards portal - YES League of Excellence.

The Bank continued its focus on employee well-being through regular fitness classes, participation in inter-corporate sports and renowned Marathons events.

Total

28,092

Total headcount of 28,094 with a net addition of 577 staff over the headcount of March 31, 2023

1 Data as on December 31, 2023 2 This excludes MD & CEO and Executive Director

Strong Investor base

Well diversified Investor base:

Shareholding Pattern as on December 31, 2023

Yes Bank Limited has informed the Exchange regarding a press release dated January 27, 2024, titled "Press Release and Investor Presentation on the Financial Results for the Quarter(Q3) and Nine month...

Market Movers