YESBANKNSE21 October 2023

Press Release and Investor Presentation on the Financial Results for the Quarter(Q2) and Half Year ended September 30, 2023

Yes Bank Limited

YBL/CS/2023-24/114

October 21, 2023

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

(Q2) and Half Year ended September 30, 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 October 21, 2023, wherein the Bank had disclosed the Un-Audited Standalone and Consolidated Financial Results of the Bank for the Quarter (Q2) and Half Year ended on September 30, 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 (Q2) and Half Year ended on September 30, 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 SEPTEMBER 30, 2023

Key Highlights

October 21, 2023

▪ Net Profit for Q2 FY24 at INR 225 Cr grows 47.4% Y-o-Y

• Non-Interest Income at INR 1,210 Cr, up 38.4% Y-o-Y and 6.0% Q-o-Q

• Provision Costs (non-tax) down 14.1% Y-o-Y

▪ Sustained momentum in Balance Sheet Granularity

• Advances growth at 11.2% Y-o-Y (adjusted for ARC transaction)

o Retail Advances cross INR 1 Lakh Crore during the quarter, up 27.2% Y-o-Y

o SME Advances cross INR 30,000 Cr during the quarter up 25.0% Y-o-Y

o Mid Corporate Segment Advances up 26.7% Y-o-Y

o New Disbursements1 of over INR 28,000 Cr in Q2FY24

• Deposits grew 17.2% Y-o-Y and 6.8% Q-o-Q

o CASA Ratio stable Q-o-Q at 29.4% despite challenging environment

o 3.91 lakh CASA Accounts opened during the quarter

▪ All around improvement in Asset Quality parameters

• GNPA ratio at 2.0% vs. 12.9% in Q2 FY23 and flat Q-o-Q

• NNPA ratio lower at 0.9% v/s. 3.6% last year and 1.0% last quarter

• Net carrying value of SRs as % of Advances at 1.1% in Q2 FY24 vs. 1.3% last quarter

• Provision Coverage Ratio (PCR) at 56.4% v/s. 48.4% last quarter. Including Technical

W/O, PCR at 72.1% v/s. 67.8%

• Resolution Momentum strong with Total Recoveries & Upgrades for Q2 FY24 at INR

1,352 Cr. H1-FY24 cumulative recoveries and upgrades at INR 2,553 Cr

1 Includes limit set-ups in SME segment

Commenting on the results and financial performance, Mr. Prashant Kumar, Managing Director & CEO, YES BANK said, “The Bank’s Q2 FY24 performance is a testament to the strength of the core franchise that the Bank has built through significant strategic interventions during the last three years. Amidst a challenging environment with respect to interest rates, deposit growth slowdown, as well as tightening liquidity, the Bank has managed to deliver Y- o-Y expansion in both operating profitability and net profitability. At the same time, the fortification of Balance Sheet from Asset Quality standpoint continues, supported by robust redemptions from the Security Receipts.

The Bank has also been consistently putting together the key pieces of the puzzle as it accelerates along its path of profitability expansion. Few such highlights during the quarter included the launch of our next gen mobile banking app ‘iris by YES BANK’, setup of a dedicated Strategy & Transformation Office; and further strengthening of our Management Team through two key senior level appointments - Head of Wholesale Banking and Head of Strategy & Transformation.”

Page 1 of 4

Profit and Loss

Financial Highlights

▪ Q2 FY24 NII at INR 1,925 Cr down 3.3% Y-o-Y

▪ NIM for Q2 FY24 at 2.3% down by nearly 30 bps Y-o-Y and 20 bps Q-o-Q

▪ Q2 FY24 Non-Interest Income at INR 1,210 Cr, up 38.4% Y-o-Y and 6.0% Q-o-Q

▪ Q2 FY24 Operating Expenses at INR 2,334 Cr, up 12.5% Y-o-Y and 0.5% Q-o-Q despite

INR 36 Cr of PSLC cost during the quarter vs. NIL in Q2 FY23 and INR 12 Cr in Q1 FY24

▪ Operating profit for Q2 FY24 stands at INR 801 Cr, up 1.4% Y-o-Y

▪ Q2 FY24 Provision costs (non-tax) at INR 500 Cr down 14.1% Y-o-Y

▪ Q2 FY24 Net Profit at INR 225 Cr, up 47.4% Y-o-Y

Balance Sheet

▪ Net Advances at INR 2,09,106 Cr, registered growth of 8.7% Y-o-Y. Adjusted for the

ARC Transaction, Advances growth at 11.2% Y-o-Y

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

63:14:23 vs. 54:12:34 last year and 61:14:25 last quarter

• Retail Advances mix at 48.0% vs. 41.1% in Q2 FY23 and 47.2% last quarter

• New Sanctions / Disbursements of INR 28,077 Cr in Q2 FY24

o Gross Retail Assets Disbursements of INR 11,149 Cr in Q2 FY24

o Rural Disbursements of INR 1,208 Cr

o SME Disbursements1 of INR 7,666 Cr

o Mid Corporate Disbursements of INR 1,440 Cr

▪ Total Balance Sheet grew 9.2% Y-o-Y

▪ CD Ratio at 89.2% vs. 96.1% in Q2 FY23 and 91.3% last quarter

▪ Total Deposits at INR 2,34,360 Cr, up 17.2% Y-o-Y & 6.8% Q-o-Q. Excluding CDs,

Deposits growth at 18.3% Y-o-Y

• CASA ratio at 29.4% vs. 31.0% in Q2 FY23 and flattish Q-o-Q

•

3.91 lakh new CASA Accounts opened in Q2 FY24

• Retail and Small Business Deposits (Gross LCR Definition) grew 18.8% Y-o-Y

▪ Average LCR during the quarter remains healthy at 120.9%; LCR as on September 30,

2023 at 117.1%

▪ CET 1 ratio at 13.1%2: Total CRAR at 17.3%2

• RWA to Total Assets at 70.6% vs. 71.2% in Q2 FY23 and 69.1% in Q1 FY24

▪

Investments at INR 76,204 Cr up 31.4% Y-o-Y

▪ Borrowings at INR 70,726 Cr down 7.5% Y-o-Y

1 Includes limit set-ups

2 Includes Profits for Q2 FY24

Page 2 of 4

Asset Quality

▪

(NNPA + net carrying value of SR) as % of Advances at 2.0% in Q2 FY24 v/s. 2.4% in Q1 FY24

• GNPA ratio at 2.0% vs. 12.9% in Q2 FY23 and 2.0% in Q1 FY24

• NNPA ratio at 0.9% vs. 3.6% in Q2 FY23 and 1.0% in Q1 FY24

▪ Gross Slippages for Q2 FY24 at INR 1,199 Cr v/s. INR 896 Cr in Q2 FY23 and INR

1,430 Cr in Q1 FY24

• Slippages Net of Recoveries and Upgrades, at INR 543 Cr vs. INR 764 Cr last

quarter

▪ Overdue Book of 31-90 days flattish Q-o-Q at: INR 3,898 Cr vs INR 3,863 Cr last

quarter

• •

31-60 days book at INR 1,477 Cr vs INR 1,269 Cr last quarter 61-90 days book at INR 2,421 Cr vs INR 2,594 Cr last quarter

▪

Resolution Momentum continues to be strong with Recoveries & Upgrades for Q2 FY24 at INR 1,352 Cr. H1-FY24 cumulative recoveries and upgrades at INR 2,553 Cr

Digital & Other Highlights/ Achievements

▪

Launched ‘iris by YES BANK’- A comprehensive mobile banking solution that offers end-to-end life cycle management and enables customers to bank ‘on the go’

Two Senior Management Appointments during the quarter: Mr. Manish Jain as Country Head – Wholesale Banking and Mr. Pankaj Sharma as Chief Strategy & Transformation Officer

Credit Rating Upgrade by CRISIL, India Ratings & CARE: Basel III Tier II Bonds & Infrastructure Bonds upgraded to A from A- / BBB+

YES BANK included in FTSE4Good Index

Digital Innovation: Launched UPI payments through RuPay Credit Cards; enabled UPI Interoperability on the RBI CBDC app; became the first bank in the country to issue an 'ONDC Network Gift Card'

YES BANK’s Analyst conference call, scheduled on October 23, 2023 at 8:00 AM IST, can be heard at following link, post 10 AM: 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 Q2FY24 Results

Profit & Loss Statement Highlights

(INR Crs)

Net Interest Income

Non Interest Income

Total Net Income

Operating Profit/(Loss)

Provisions

Net Profit / (Loss)

Basic EPS (INR)

Q2FY24

Q1FY24

Growth %

Q2FY23

Growth %

1,925

1,210

3,135

801

500

225

0.08

2,000

1,141

3,141

818

360

343

0.12

-3.7%

6.0%

-0.2%

-2.1%

38.9%

-34.3%

-30.8%

1,991

874

2,866

790

583

153

0.06

-3.3%

38.4%

9.4%

1.4%

-14.1%

47.4%

35.0%

Key P & L Ratios

Q2FY24

Q1FY24

Q2FY23

Return on Assets 1

Return on Equity 1

NIM

Cost to Income Non-interest inc. to Total income

0.2%

2.2%

2.3%

0.4%

3.3%

2.5%

74.4%

73.9%

38.6%

36.3%

0.2%

1.8%

2.6%

72.4%

30.5%

Balance Sheet Highlights

30-Sep-23

30-Jun-23

Q-o-Q %

30-Sep-22

Y-o-Y %

(INR Crs)

Advances

Deposits

Shareholder’s Funds

Total Capital Funds

209,106

200,204

234,360

219,369

41,443

44,629

41,161

45,048

4.4%

6.8%

0.7%

-0.9%

2.7%

Total Assets

365,223

355,754

Key Balance Sheet Ratios

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

17.3%

13.1%

14.4

2.0%

0.9%

18.3%

13.6%

14.3

2.0%

1.0%

72.1%

67.8%

4,499

4,682

2,353

29.4%

2,651

29.4%

120.9%

127.0%

192,300

8.7%

17.2%

20.4%

8.3%

9.2%

200,021

34,427

41,209

334,496

17.3%

11.7%

13.7

12.9%

3.6%

84.0%

5,928

315

31.0%

116.1%

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 Q2FY24 Financial Results

October 21, 2023

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

FTSE4Good

Included in FTSE4Good Index Series

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, Universal Bank offering comprehensive suite of product and services via its pan India network of 1,198 branches, 179 BCBO and 1,345+ ATMs in over 300 districts of India

Accelerating as a granular retail and MSME franchise with leadership in digital payments and strong focus on transaction banking

Preferred Banker to Digital India with best-in-class technology / API stack

ESG Led Franchise – part of FTSE4Good Index; highest ranked amongst 34 large scheduled commercial banks by Climate Risk Horizons (CRH) on Climate preparedness

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-Centralization of Credit Approval Process

•

‘Compliance First’ Culture

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

Retail Advances at INR 100,000+ Crs (~48% of Net Advances) – focus shifting towards further improving the profitability

•

A ‘Preferred Retail Franchise’ with strong Customer Acquisition run-rate of more than a 1.5 million new CASA customers per annum

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 2.0%

Sufficiency in Liquidity (LCR at 120.9%1) and Capital Adequacy (CET 1% at 13.1%)

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; Duly supported by 28,600+ 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 3,65,223 Crs

Total Advances: INR 2,09,106 Crs

Advances Split:

Retail – 48% | SME – 15% Medium Ent. – 14% | Corporate – 23%

Total Deposits: INR 2,34,360 Crs

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

1 Average for the quarter- Q2FY24

Contents

Financial Results Update

YES BANK Franchise

Results At a Glance – Q2FY24

All figures in INR Crs

Total Assets

Advances

Total Disbursements1

Deposits

CD Ratio

Advances Mix

365,223

209,106

28,077

v/s.

234,360

89.2%

v/s.

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

9.2%: Y-o-Y 2.7%: Q-o-Q

8.7%: Y-o-Y 4.4%: Q-o-Q

24,149 Q2FY23 24,730 Q1FY24

17.2%: Y-o-Y 6.8%: Q-o-Q

96.1% Q2FY23 91.3% Q1FY24

54% : 12% : 34% in Q2FY23 61% : 14% : 25% in Q1FY24

Arrows indicative of Y-o-Y Trends

Net Interest Income

Non-Interest Income

Operating Profit

Profit After Tax

NIM%

C/I Ratio 2

1,925

-3.3%: Y-o-Y -3.7%: Q-o-Q

1,210

38.4%: Y-o-Y 6.0%: Q-o-Q

801

1.4%: Y-o-Y -2.1%: Q-o-Q

225

47.4%: Y-o-Y -34.3%: Q-o-Q

CASA Ratio

CET 1 Ratio 3

GNPA

NNPA

29.4%

v/s.

31.0% Q2FY23 29.4% Q1FY24

13.1%

v/s.

11.7% Q2FY23 13.6% Q1FY24

2.0%

v/s.

12.9% Q2FY23 2.0% Q1FY24

0.9%

v/s.

3.6% Q2FY23 1.0% Q1FY24

2.3%

v/s.

74.4%

v/s.

2.6% Q2FY23 2.5% Q1FY24

72.4% Q2FY23 73.9% Q1FY24

Net Carrying Value of SRs as % of Advances

LCR 4

1.1%

v/s.

120.9%

v/s.

Q2FY23- NA (prior to ARC deal) 1.3% Q1FY24

116.1% Q2FY23 127.0% Q1FY24

1 Includes Limit Setup & New Sanctions 2 Excluding PSLC, C/I ratio at 73.3% 3 Includes Profits 4 Average for the quarter

Highlights for Q2FY24

Robust Earnings momentum: Net Profit for Q2FY24 up 47.4% Y-o-Y

Net Profit at INR 225 Crs for Q2FY24 up 47.4% YoY

▪

Operating Profits up 1.4% Y-o-Y

•

NII at INR 1,925 Crs for Q2FY24 down 3.3% Y-o-Y

NIMs at 2.3% for Q2FY24 vs. 2.6% last year and 2.5% last quarter

Non-Interest Income at INR 1,210 Crs, up 38.4% Y-o-Y and 6.0% Q-o-Q

Operating Expenses at INR 2,334 Crs up 12.5% Y-o-Y and 0.5% Q-o-Q despite INR 36 Crs of PSLC cost during the quarter vs. NIL in Q2FY23 and INR 12 Crs in Q1FY24

Operating Profit for Q2FY24 at INR 801 Crs higher by 1.4% Y-o-Y

▪

Provision Costs (non-tax) for Q2FY24 at INR 500 Crs down 14.1% Y-o-Y

All-around improvement in Asset Quality: ~40 bps Q-o-Q reduction in (NNPA + net carrying value of SR) %; Slippages lower Q-o-Q; PCR up Q-o-Q

(NNPA + net carrying value of SR) as % of Advances continued to improve to 2.0% in Q2FY24 vs. 2.4% last quarter

• GNPA ratio at 2.0% as of Sep 30, 2023, v/s 12.9% in Q2FY23 and 2.0% in Q1FY24; NNPA

ratio improved to 0.9% v/s. 3.6% last year and 1.0% last quarter

•

Step-up in Provision Coverage Ratio (PCR) of NPA to 56.4% v/s 48.4% last quarter. Including Technical Write- offs, PCR at 72.1% v/s. 67.8% in Q1FY24

▪

Robust Recoveries and Upgrades outpace Gross Slippages

•

Strong Resolution momentum with recoveries and resolutions at INR 1,352 Crs1 in Q2FY24. H1FY24 cumulative recoveries and upgrades at INR 2,553 Crs

• Gross Slippages lower Q-o-Q at INR 1,199 Crs for Q2FY24 v/s. INR 1,430 Crs last quarter

year and INR 896 Crs in Q2FY23

▪

Granular Growth momentum sustains

Sustained improvement in quality, granularity and capital efficiency

•

Balance Sheet grew 9.2% Y-o-Y and 2.7% Q-o-Q; Advances up 8.7% Y-o-Y & 4.4% Q-o-Q. Adjusted for ARC Transaction, Advances up 11.2% Y-o-Y

Deposit grew 17.2% Y-o-Y and 6.8% Q-o-Q

CET 1 at 13.1% v/s 11.7% last year and 13.6% last quarter; Total CRAR at 17.3%; RWA to Total Assets further improved to 70.6% from 71.2% in Q2FY23 and 69.1% in Q1FY24

Strong momentum in new business generation with Gross disbursements at INR 28,077 Crs for Q2FY24. Retail & SME : Mid Corporate : Corporate Mix further improved to 63:14:233 v/s 54: 12: 34 in Q2FY23 and 61:14:25 last quarter

Despite challenging environment, CASA ratio stable Q-o-Q at 29.4% v/s 31.0% Q2FY23 and 29.4% last quarter

▪

Key initiatives/ Achievements

Launched ‘iris by YES BANK’- A comprehensive mobile banking solution that offers end-to-end life cycle management and enables customers to bank ‘on the go’

Digital Innovation: Launched UPI payments through RuPay Credit Cards; enabled UPI Interoperability on the RBI CBDC app; became the first bank in the country to issue an 'ONDC Network Gift Card'

2 Senior Management Appointments during the quarter: Mr. Manish Jain as Country Head – Wholesale Banking and Mr. Pankaj Sharma as Chief Strategy and Transformation Officer

Credit Rating Upgrade by CRISIL, India Ratings & CARE: Basel III Tier II Bonds & Infrastructure Bonds upgraded to A from A- / BBB+

YES BANK included in FTSE4Good Index

1 Including redemption of Security Receipts amounting to INR 585 Crs

Profit and Loss Statement

All figures in INR Crs

• Net Profit for Q2FY24 at INR 225 Crs up

47.4% Y-o-Y

• Operating Profit up 1.4% Y-o-Y

•

NII at INR 1,925 Crs for Q2FY24 down 3.3% Y-o-Y

NIM at 2.3% down 30 bps Y-o-Y and 20 bps Q-o-Q , largely on account of higher rise in Cost of Deposits (primarily Term Deposits)

Non-Interest Income at INR 1,210 Crs, up 38.4% Y-o-Y and 6.0% Q-o-Q

Operating Costs at INR 2,334 Crs up 12.5% Y-o-Y and 0.5% Q-o-Q. Excluding PSLC cost lower Q-o-Q

C/I at 74.4%. Excluding PSLC cost, C/I at 73.3% vs. 73.6% last quarter

• Provision Costs (non-tax) at INR 500 Crs

down 14.1% 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.

Q2FY24Q1FY24Q2FY23Q-o-QY-o-YNet Interest Income1,925 2,000 1,991 -3.7%-3.3%Non Interest Income1,210 1,141 874 6.0%38.4%Total Income3,135 3,141 2,866 -0.2%9.4%Operating Expenses2,334 2,322 2,075 0.5%12.5%Staff Cost892 946 824 -5.7%8.2%Other Operating Expenses1,442 1,377 1,251 4.7%15.3%Operating Profit/(Loss)801 818 790 -2.1%1.4%Provisions500 360 583 38.9%-14.1%Profit Before Tax301 458 208 -34.3%45.0%Tax Expense76 116 55 -34.5%38.3%Net Profit / (Loss)225 343 153 -34.3%47.4%Yield on Advances10.1%10.1%8.5%Cost of Funds6.3%6.2%5.3%Cost of Deposits6.0%5.9%5.0%NIM2.3%2.5%2.6%Cost to income74.4%73.9%72.4%Profit and Loss Statement Quarter EndedGrowthBreak Up of Non-Interest Income

All figures in INR Crs

• Non-Interest Income at INR 1,210 Crs for Q2FY24, up 38.4% Y-o-Y, and 6.0% Q-o-Q

• Corporate Trade & Cash Mgmt. fees grew

36.6% Y-o-Y and 15.7% Q-o-Q

• Retail Banking Fees up 52.5% Y-o-Y

•

16% Y-o-Y growth in CASA customers transacting on Trade & Forex products

22% Y-o-Y growth in Life Insurance Premium in H1FY24

Healthy product mix contributing to momentum in Third Party Sales

197% growth in CMS collection throughput v/s. last year

• Gain on Investments on account of Gain on Sale of G-Secs and MTM gains on select Corporate Bonds

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

Q2FY24Q1FY24Q2FY23Q-o-QY-o-YNon Interest Income1,210 1,141 874 6.0%38.4%Corporate Trade & Cash Management236 204 173 15.7%36.6%Forex, Debt Capital Markets & Securities117 224 140 -47.9%-16.6%Of which realised/ unrealised gain on Investments38 161 3 -76.6%1145.7% Corporate Banking Fees60 43 38 38.6%56.2% Retail Banking Fees797 670 523 19.0%52.5%Trade & Remittance156 140 116 11.5%34.3%Facility/Processing Fee123 116 95 6.0%29.8%Third Party Sales 170 125 57 36.2%196.3%Interchange Income191 144 125 32.9%52.5%General Banking Fees157 145 129 8.2%21.7%Break up of Non Interest IncomeQuarter EndedGrowth Break up of Operating Expenses

All figures in INR Crs

• Opex for Q2FY24 grew 12.5% Y-o-Y and

0.5% Q-o-Q

• Opex / Avg. Assets have been flattish at

2.5%-2.6% over last 7 quarters

• Business volume linked expenses declined Q-o-Q and up only 8.6% Y-o-Y, in line with disbursements trends

• Premises costs up 15.7% Y-o-Y on

account of 83 new branches opened over last 3 quarters

• PSLC Cost of INR 36 Crs during the

quarter. C/I excluding PSLC at 73.3% vs. 73.6% last quarter despite NIM compression

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. Historical figures have been restated accordingly

Q2FY24Q1FY24Q2FY23Q-o-QY-o-YStaff892 946 824 -5.7%8.2%Business Volume linked438 462 403 -5.3%8.6%IT266 256 252 3.9%5.3%Premises239 222 207 7.8%15.7%Professional Fees262 262 256 0.0%2.1%Others238 175 133 35.7%79.3%Total2,3342,3222,0750.5%12.5%Breakup of Operating ExpensesQuarter EndedGrowthProvisions and P&L

All figures in INR Crs

• Provision costs for Q2FY24 down by

9.6% Y-o-Y

•

Non-Tax provisions down 14.1% Y-o-Y

• Gross Slippages for Q2FY24 at INR 1,199 Crs v/s. INR 896 Crs in Q2FY23 and INR 1,430 Crs in Q1FY24

•

Slippages Net of Recoveries and Upgrades at INR 543 Crs v/s. INR 764 Crs last quarter

• Provision for Investments include

redemption from Security Receipts at INR 585 Crs with provision write back of INR 315 Crs

• Resolution momentum continues to be

strong with Total Recoveries & Upgrades for Q2FY24 at INR 1,352 Crs

• NNPA + net carrying value of SR as % of Advances at 2.0% v/s. 2.4% in Q1FY24

NM = Not Measurable

Q2FY24Q1FY24Q2FY23Q-o-QY-o-YOperating Profit/(Loss)801 818 790 -2.1%1.4%Provision for Taxation76 116 55 -34.5%38.3%Provision for Investments (286)144 70 NMNMProvision for Standard Advances(39)(72)83 -46.0%NMProvision for Non Performing Advances767 314 525 144.2%46.2%Other Provisions58 (26)(94)NMNMTotal Provisions576 476 638 21.1%-9.6%Net Profit / (Loss)225 343 153 -34.3%47.4%Return on Assets (annualized)0.2%0.4%0.2%Return on Equity (annualized)2.2%3.3%1.8%EPS-basic (non-annualized) 0.080.120.06Break up of ProvisionsQuarter EndedGrowthBalance Sheet

All figures in INR Crs

• Balance Sheet grew 9.2% Y-o-Y

•

C/D ratio at 89.2% v/s. 96.1% in Q2FY23 and 91.3% in Q1FY24

• Advances growth at 8.7% Y-o-Y.

Normalized for ARC sale, Advances Growth at 11.2% Y-o-Y

• New Sanctions / Disbursements of INR

28,077 Crs in Q2FY24

Disbursements

Retail Assets

Rural Assets

SME 1

Mid Corporate

Corporate

Q2FY24

11,149

1,208

7,666

1,440

6,614

1 Includes sanctions/ limit set-ups

Balance Sheet30-Sep-2330-Jun-2330-Sep-22(Q-o-Q) %(Y-o-Y) % Assets 365,223355,754334,4962.7%9.2%Advances209,106200,204192,3004.4%8.7%Investments76,20470,97157,9737.4%31.4% Liabilities 365,223355,754334,4962.7%9.2%Shareholders Funds41,44341,16134,4270.7%20.4%Total Capital Funds44,62945,04841,209-0.9%8.3%Deposits234,360219,369200,0216.8%17.2%Borrowings70,72674,74776,495-5.4%-7.5%Break up of Deposits30-Sep-2330-Jun-2330-Sep-22(Q-o-Q) %(Y-o-Y) %CASA68,95764,56862,0736.8%11.1%Current Account 32,43330,47727,4006.4%18.4%Savings Account36,52434,09034,6737.1%5.3%CASA Ratio29.4%29.4%31.0%Term Deposits165,403154,802137,9486.8%19.9%Certificate of Deposits01971,910NMNMTotal Deposits234,360219,369200,0216.8%17.2%Break up of Advances & Deposits

All figures in INR Crs

• Sustained Granularization of Balance

Sheet:

•

Retail Advances mix at 48.0% v/s.41.1% in Q2FY23 and 47.2% in Q1FY24

CASA + Retail TDs1 at 58.4%

Average daily CA for Q2FY24 grew by 19.7% Y-o-Y

Average daily SA for Q2FY24 down by 3.8% Y-o-Y

• 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

12.9% 20.6% 30.8% -1.4% -37.1%

•

~391K Retail CASA Accounts opened in Q2FY24

• Excluding CDs, Deposit Growth at 18.3%

Y-o-Y

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

Segmental Break up of Advances30-Sep-2330-Jun-2330-Sep-22Q-o-Q Growth (%)Y-o-Y Growth (%)Retail100,44194,44578,9546.3%27.2%SME30,97928,89924,7847.2%25.0%Mid corporate29,29427,34223,1217.1%26.7%Corporate48,39349,51865,442-2.3%-26.1%Total Net Advances209,106200,204192,3004.4%8.7%Segmental Break up of Deposits30-Sep-2330-Jun-2330-Sep-22Q-o-Q Growth (%)Y-o-Y Growth (%)Retail Deposits120,838114,33498,0105.7%23.3%Retail CASA Ratio34.8%34.8%37.7%Wholesale Deposits93,52888,94883,9685.1%11.4%Wholesale CASA Ratio20.5%21.1%21.5%Government Banking Deposits19,99415,89016,13225.8%23.9%Government Banking CASA Ratio38.9%38.0%43.9%Total Deposits234,360219,173198,1106.9%18.3%Break up of Investments

All figures in INR Crs

• Total Net Investments at INR 76,204 Crs

•

SLR – INR 63,539 Crs

NSLR – INR 12,665 Crs

• Standard Performing – INR 7,920 Crs: ~99% Rated AA and above

• Security Receipts – INR 2,353 Crs

• Others1 – INR 2,392 Crs

Investments Breakup

SLR 83%

NSLR 17%

HTM 3%

AFS 10%

HFT 4%

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 Q2FY24 at INR

1,199 Crs v/s. INR 896 Crs in Q2FY23 and INR 1,430 Crs in Q1FY24

•

Slippages Net of Recoveries and Upgrades at INR 543 Crs v/s. INR 764 Crs last quarter

•

Including Technical W/O, Provision Coverage Ratio (PCR) at 72.1%

1 Opening GNPA includes impact of reclassification of segments during the quarter

30-Jun-2330-Sep-23OpeningAdditionsUpgradesRecoveriesWrite OffsClosingRetail1,227820266722971,413SME38317191110452Mid corporate2107452130219Corporate2,2531341252602,236Total4,0731,1995341222974,319MovementMovement of GNPAGNPA(%)GNPA(%)GNPA(%)Retail1,413 1.4%1,224 1.3%1,197 1.5%SME452 1.4%386 1.3%739 2.9%Mid corporate219 0.7%210 0.8%497 2.1%Corporate Banking2,236 4.5%2,253 4.4%24,986 29.6%Total4,319 2.0%4,073 2.0%27,419 12.9%30-Sep-22Segmental GNPA30-Sep-2330-Jun-23 Asset Quality ParametersGross NPA (%)Net NPA (%)Provision Coverage Ratio excl. Technical W/O (%)Provision Coverage Ratio incl. Technical W/O (%)30-Sep-2212.9%3.6%74.7%30-Sep-2330-Jun-232.0%0.9%56.4%2.0%1.0%48.4%72.1%67.8%84.0%Summary of Labelled & Overdue Exposures

All figures in INR Crs

• Slippage of INR 55 Crs in Q2FY24

from Standard Restructured Advances pool of Q4FY23

• Recovery, Upgrades and Repayments from Standard Restructured accounts amounted to ~INR 167 Crs

• Security Receipts Redemptions during the quarter aggregated to INR 585 Crs

•

Provision Coverage on Security Receipts at 64.8%

• Overdue book of 31-90 days flattish Q-o-Q at INR 3,898 Crs vs. INR 3,863 Crs in Q1FY23

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

GrossProvisionsGrossProvisionsGrossProvisionsNPA4,3192,4344,0731,97227,41920,493Other Non Performing Exposures7,8824,5968,5794,8538,4246,814NFB of NPA accounts1,0662051,2092171,340295NPI13563146634,9614,711Security Reciepts6,6814,3297,2244,5732,1231,808Total Non Performing Exposures12,2017,03012,6526,82535,84327,307Technical Write-Off2,4462,4462,4512,45115,99515,995Provision Coverage incl. Technical W/O 64.7%61.4%83.5%Std. Restructured Advances4,4994424,6824685,928615Erstwhile274512985210DCCO related1,469731,489741,52076MSME473485395482883Covid2,2832692,3552873,579456Other Std. exposures3331163531231625761-90 days overdue loans2,4212,5943,380Of which Retail90870544531-60 days overdue loans1,4771,2691,129Of which Retail1,1501,03486630-Jun-2330-Sep-2230-Sep-23ParticularsCET 1 Ratio at 13.1%

Bank’s Capital Adequacy Ratio 1

17.3%

18.3%

17.3%

CET 1 Ratio at 13.1%

CRAR

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

RWA to Total Assets trending lower and Risk Adjusted Returns

1 Includes Profits

13.1%13.6%11.7%4.2%4.7%5.6%30-Sep-2330-Jun-2330-Sep-22TIER IICET 10.36%0.57%0.26%70.6%69.1%71.2%0.00%0.10%0.20%0.30%0.40%0.50%0.60%0.70%68.0%68.5%69.0%69.5%70.0%70.5%71.0%71.5%30-Sep-2330-Jun-2330-Sep-22RoRWARWA / TAContents

Financial Results Update

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, 179 BC banking outlets and 1,345 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)

59% of branches in Top 200 deposit centers

~90% of transactions via digital channels

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

+27% Y-o-Y.

Highest Ever

As % of total advances

41%

44%

46%

47%

48%

…along with healthy growth in Retail Deposits 1

As % of total deposits

49%

50%

51%

52%

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

523588752670797Q2FY23Q3FY23Q4FY23Q1FY24Q2FY2478,95484,26291,03694,445100,441Q2FY23Q3FY23Q4FY23Q1FY24Q2FY2498,010 105,997 110,307 114,334 120,838 Q2FY23Q3FY23Q4FY23Q1FY24Q2FY24Branch Banking: Expanding Footprint, Enhanced Digital CX & Growth in Granular Deposits All figures in INR Crs

Branch Network

Digital Journeys for seamless Customer Acquisition, Servicing & Cross sell

Branch Count

1,192

1,212

1,198

1,145

Current & Savings Account Onboarding

Q2FY23

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Strong momentum in Granular Deposits

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

%Total deposits

87,851

91,121

96,964

100,154

103,554

108,241

47.2%

46.0%

46.2%

45.5%

45.6%

45.4%

120,000

100,000

80,000

60,000

40,000

20,000

Servicing & Cross Sell

48.0%

47.5%

47.0%

46.5%

46.0%

45.5%

45.0%

44.5%

44.0%

Q1FY23

Q2FY23

Q3FY23

Q4FY23

Q1FY24

Q2FY24

1 29 Branches converted to BCBO during the quarter

Assisted Digital • 93% SA, 85% Sole Proprietor CA opened digitally • CA digital onboarding for Individuals, Sole Proprietors, CoS & LLP • Key USP: Auto fetch from online channels like GST,IEC, MCA etc.

for KYC validation & seamless UX

Digital Co-origination enabled across CA & SA onboarding • Co-sourcing of demat & trading account with SA • Co-origination of SA & Merchant Acquiring (POS) with CA

DIY with VKYC • End to End STP journey for digital account opening • Key USP : Intuitive UI / UX for consultative onboarding

Servicing • More than 80 straight through digital service journeys available for all banking and loan requirements e.g.. PAN / Email / Address / Nominee Update, Debit Card Reissuance, Re-KYC, Foreclosure statement, Loan repayment schedule, Card transaction control etc.

Cross Sell • End-to-end digital journeys for Fixed deposit, Credit card, Personal

loan, 3-in-1 trading, Mutual fund & Insurance etc.

• Journeys available across DIY and Assisted

Retail Assets: Fast growing diversified book

All figures in INR Crs

Retail asset disbursements momentum continues

Diversified retail book1

Preferred financier status with leading Auto OEMs

On the back of purposeful digital investments

Strong focus on book quality & collections

• Expanded Product offerings through launch of

Education Loan

• 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

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

improvement and customer delight

• Pre-qualified Gold Loan OD for existing customers

24x7 digital process

• •

Avg. LTV for Affordable Home Loan ~66%

Avg. LTV for LAP ~56%

1 Split basis gross retail advances

97.2%97.2%97.5%97.2%97.1%Q2FY23Q3FY23Q4FY23Q1FY24Q2FY2418%16%16%16%11%7%4%4%2%1%5%Home LoansPersonal LoansSecured Business LoansAuto LoansCommercial Vehicle LoansConstruction Equipment LoansCredit CardsRural BankingBusiness LoansHealthcare Finance LoansOthers12,56312,13212,70511,28311,149Q2FY23Q3FY23Q4FY23Q1FY24Q2FY24Rural Assets: Deepen the penetration in emerging rural markets & generate Agri PSL

All figures in INR Crs

Business originations

Robust Farmer financing book & improved collections in Women Microfinance book

1,050

1,020

832

1,053

1,208

▪ High quality farmer financing book with NPA of 1.1%

▪ 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

Q2FY23

Q3FY23

Q4FY23

Q1FY24

Q2FY24

•

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

Capturing Rural value chain with geographic diversification

Analytics for expansion towards paperless processing

Book Split (value) by segments

11%

25%

61%

Book size : INR 5,893 Cr

Farmer financing (KCC + Farm Mechanization) Women Microfinance

Institutional MFI financing

MSME financing

▪ 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: Granular book creation with a solution led approach

All figures in INR Crs

Steady growth in funded book

Funded and Non-Funded Book composition

YoY growth: 26%* (Adjusted for ARC) QoQ Growth: 8%

30,979

26,722

28,130

28,899

24,784

Q2FY23

Q3FY23

Q4FY23

Q1FY24

Q2FY24

• Collateral backed products constitute 82% of the book • Surrogate program is driving small ticket exposures and facilitating faster TAT • Healthy book quality 30+ overdue <2%

High quality & well diversified granular book

Book Split by Ticket Size (By count of customers)

17%

16%

18%

40%

< 0.5 Cr

0.5 - 1 Cr

1-< 2 Cr

2 -< 5 cr

5- <10 Cr

> 10 Cr

• Granular book creation: 58%

customers having exposure less than 1 Cr

• Distributed portfolio leading to

reduced concentration risk

• Portfolio secured by collateral in addition to primary security of stock & book debts

• EWS for portfolio monitoring

19%

11%

68%

Working Capital & Term Loan

Channel Finance

Commodity Finance

Non Fund Facilities

• Sustainable book: 87% book contribution from Secured products (working capital, overdraft,

term loan etc.)

• Healthy mix of Non-funded facilities at ~19%, Book has grown by 33% YoY and 8% QoQ •

93%+ book is PSL compliant

Digital and product innovation at fulcrum of the franchise

• CGTMSE: Limit increased from 2 to 5 Crs; Funding to New-to-Credit segment started • Launched Digi OD : Pre-approved offering of high yielding OD product up to 15 lacs

for ETB Customers

• Score based templated lending extended to 7.5 cr for faster TAT and curated offering • Digital documentation: Automated prefilled FL and digital agreement generation from

LOS system

• Fee collection digitized with automated real-time reconciliation, GST advice to

Customer

Credit Cards: Strong business growth and enhanced customer experience

Sustained Strong Growth in Cards, Book Size & Card Spends

No of Cards In (‘000s) Book Size in Cr Spends in Cr

994

1,291

69.9% Y-o-Y

66.0% Y-o-Y

1,725

2,225

2,865

3,780

1,658

51.4% Y-o-Y

51.2% Y-o-Y

4,334

5,726

Q2FY22

Q2FY23

Q2FY24

New Product Initiatives

UPI on Credit Cards

•

Launched in Aug’23

Additional virtual card to the existing base without additional COA

Incremental spends through UPI credit card – INR 105 Cr in Q2 FY24

Highest SPAC of INR 14,500 of UPI card active customers

Digital sourcing of Term Products

35% of Term products sourced digitally in Sep’23

2x M-o-M growth in express loan on Credit Cards booking in Sep’23

•

Growth in Acquisition and Cross sell

Steady growth in new card acquisition leading to 28% Y-o-Y growth in customer base to reach ~1.65 million base

• Highest ever Spends of INR 5,726 Crs in Q2FY24. 51.5% YOY growth over Q2FY23

• Book size of INR 4,334 Crs at end of Q2FY24. 51% YoY growth over Q2FY23

•

Improvement in Revenue per customer through Cross-sell. Highest ever Term book of INR 1,000 Cr+ in Q2FY24

• Highest ever Term booking of INR 250 Cr+ in Sep’23.

•

Distribution Outreach and Digitization

Launched a co-branded credit card with Freo Technologies in Sept’23.

Digital acquisition contribution at 94% at the end of Q2 FY 24 :

•

Went live with biometric verification for digital VKYC drop-offs in Jul’23.

Launched ‘remote assisted journey’ and ‘pre-filled’ feature on the digital acquisition platform in Jul’23

Initiated rationalization of credit card application fields in-order to reduce journey drop-offs.

Wholesale Banking: Granularization of incremental lending book

All figures in INR Crs

Corporate Book & Disbursements – Debulking Continues

Providing tailored solutions to clients across business segments

Funded O/S

Non-Funded O/S

Disbursements1

Mid Corporate Break up – Granularity improving

Funded O/S

Non-Funded O/S

Disbursements1

•

Team of 185 Relationship Bankers spread across 10 locations servicing 950 + corporates and a team of 29 Product Specialists across Renewables / Infra / Port / Road sectors / Loan syndication

Focus on Trade borrowers : Letter Of Credits and Bank Guarantee of ~ INR 51,000 Crs- up 13% Y-o-Y and 9% Q-o-Q

Focus on deposit mobilization from top corporates with average deposit (AMB) of ~ INR 38,000 Crs

Continued de-risking of stressed exposure with reduction of ~INR 1,500 Crs in exposure achieved in Q2FY24

New Credit Limits of corporate relationships added

INR 16,000 Crs sanctioned during Q2FY24, and 34 new

Team of 209 Relationship Bankers covering Financial Institutions and financial sector entities, Government entities and Multinationals

Market leading position in cross border remittances

Solutioning led wholesale liabilities franchise across Government entities, Co- operative sector, BFSI and Fintech

Tailored custody services

Granular advances growth with capital light fee driven business model

Team of 332 members with a strong coverage with presence in 37 key locations

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

Institutional & Govt Banking

Mid Corporates

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

10,36710,34810,92511,28412,500Q2FY23Q3FY23Q4FY23Q1FY24Q2FY2451,56651,31353,70455,76260,349Q2FY23Q3FY23Q4FY23Q1FY24Q2FY243,7036,5694,1534,7356,61465,44255,82853,99349,51848,38923,12124,73027,04127,34229,2941,1391,1661,5731,3101,440Large Corporates

Focus Sectors

Pan India Presence

Products

• • • • • • •

Auto Chemicals Data Center Engineering Fertilizers FMCG Food & Agri

• • • • • • •

Metals IT / ITES Logistics & Warehousing Transport Healthcare & Pharma Renewables Steel

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 Flow business • Focus on granularizing the portfolio. • Average limit of new sanctions in Q2: INR 180 Crs • ECLGS exposure is 1.7% of total LC exposure & 94%

of LC borrowers haven't availed ECLGS.

• • • • •

• •

•

• Presence in 10 major locations

Delhi Kolkata Mumbai Pune Ahmedabad

• • • • •

Bengaluru Chennai Hyderabad Coimbatore Kochi

Analytics

Proactive EWS mechanism Detailed screening of new names prior to on- boarding Focus on Trade Corridors for imports and exports business

• Working capital Finance, Project Finance,

Supply Chain Finance , FX and Derivatives.

• Growing non-fund book - Letters of Credit, Bank Guarantees (~INR 51,000 Crs) from high quality Large Corporates

• 34 New Corporates onboarded in Q2FY24

• Digital, Collection & Payments, Liquidity

Management Solutions for large corporates

• Major contributor to Bank’s Liabilities business

• Onboarding new clients via Debt Capital Markets

solutions

• Cross-sell via corporate salary accounts

origination by Consumer Bank & Credit Cards from LC client base

• Focus on high credit quality and granular book

for Project Finance portfolio

Institutional & Government Banking

YES BANK’s Institutional & Government Banking Group is divided into 7 segments

Anchoring the Wholesale liabilities franchise

Cooperative banks, Scheduled commercial banks & DFIs, NBFCs, MFIs, Insurance, Mutual Funds, Stock brokers and payment operators

Indian Financial Institutions Banking

International Banking

International banks, Global DFIs and Cross border money transfer operators

Central and State Government/ public sector undertakings

Government Banking

Institutional & Government Banking

Corporate & Government Advisory

CGA advises emerging sectors of Electric Mobility & Urban Infra

Multinational Corporate Clients

Multinational Corporate Banking

FASAR

FASAR provides project advisory services in the Food & Agri space

IFSC Unit

Bank’s only Offshore branch at GIFT City, Gandhinagar

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. Synergies with YSL, FASAR & Treasury

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 (accelerator programs)

Customers provide a multiplier effect for Branch Banking offerings - YCOPS, Wealth, TASC, Credit Cards

Digital & 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

10% Corp. CASA growth QoQ

2x Mandate executed in H1 vs FY’23

2x growth YoY in AUC

75% YoY growth in Corp. IBU CA

26% YoY growth in CMS Thruput

10% QoQ growth in NFB, FB and SCB

10% of TF Fees from NTB/NTT

20% QoQ growth in Non-Credit Trade Fees

27% QoQ growth in CMS, TF & DB Fee

Over 6 lakh users on IRIS in 2 months

BUSINESS HIGHLIGHTS

Market Leadership – YBL processes 1 in 3 Digital Payment transaction in India UPI – 38.1% Rank #1 | NEFT – 7.4% | IMPS - 9.6% | NACH - 12% | AePS - 23.8% Rank#1

2% growth in UPI, 95% in NACH & 39% growth in BBPS YoY ~22% Market Share in Bullion within the Banking Industry and ~8% Market Share in LRS

108% growth in Statutory payments 150% growth in GST payments 70% growth in EPFO payments

PAYMENT & PRODUCT LEADERSHIP

~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

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

Embedded (Connected) Banking Digitizing client journeys & creating inorganic client acquisition funnel thru Fintech partnerships

Partnership roadmap of Digital & Transaction Banking

Source Digital

Onboard Digital

Transact Digital

Service Phygital

Monitor Digital

▪ Digital Acquisition at Scale

▪ Digital Client Onboarding

▪ API’fication of all Bank Products

▪ Digital tools for FTR query

▪ Digitalized reporting & MIS

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

& Product Setups

▪ Create STP journeys for Liability

resolution at low-cost model

▪ Digital a/c Opening

& Asset products

▪ AI led Service resolution

▪ with Instant a/c Operations

▪ FinTech Partnership & integration

▪ End-to-end digital Sales force

▪ ML led Digitalized

Compliance, FRM, AML

450+ API Stack

30+ FinTech Partnerships

Future ready for both BaaS & BaaP Models

Connected Banking creating a Digital Acquisition funnel

85%

Yearly Run-rate

200%

Yearly Run-rate

FY'21

FY’21

FY'22 FY’22 New To Bank Clients

FY'23 YTDFY’23

FY’21 FY'21

FY’22 FY'22

FY’23 FY'23 YTD

Thruput in Cr

Quantum Force Multiplier for Inorganic Client Acquisition across…

50+ Large Strategic partnerships in Pipeline,

10+ under active Implementation

Current Account

Saving Account

Deposits

Personal Loan

Business Loan

Working Capital Loan

Supply Chain

Loan against Securities

X-border remittance

Wealth Mgmt

Credit Cards

FX Cards

Commercial Card

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

2x QoQ User growth

IRIS : Enriched customer experience Super APP for Retail Customers

IRIS is a native API-led mobile platform offering banking on fingertips across customer lifecycle (100+ 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

6+ lac users within 2 months of launch

▪

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

Targeting 30% of new digital acquisition of the bank in near-term.

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

60+ Member experienced professionals

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

Corporates

NBFCs & FIs

Banks

InvITs

Bullion Desk

Consignment import

Outright domestic and Export Sales

>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

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

Gold

Silver

Gold Metal Loan

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

▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪

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 Traders

▪ 3rd Largest Bank

Jewellery Mftg

Jewellery Exporters

for Bullion in India

▪ Extended specialized desk coverage

▪ Pioneered the first

INR settlement trade between India and UAE

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

Arun Agrawal Country Head- Institutional & Govt Banking

Archana Shiroor Chief Human Resources Officer

Dheeraj Sanghi Country Head - Branch and Affluent Banking

Sachin Raut Chief Operating Officer

Gaurav Goel Country Head- Emerging Local Corporates

Ajay Rajan Country Head- Transaction Banking

Indranil Pan Chief Economist

Amit Sureka Country Head- Financial Markets

Pankaj Sharma Chief Strategy & Transformation Officer

Rakesh Arya Chief Credit Risk Officer

Sandeep Mehra Chief Vigilance Officer

Shivanand R. Shettigar1 Company Secretary

Sumit Gupta2 Chief Risk Officer

Ashish Chandak3 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

Strong Investor base

Well diversified Investor base:

Shareholding Pattern as on September 30, 2023

Press Release and Investor Presentation on the Financial Results for the Quarter(Q2) and Half Year ended September 30, 2023

Market Movers