YESBANKNSE25 January 2025

Yes Bank Limited has informed the Exchange regarding a press release dated January 25, 2025, titled "Press Release and Investor Presentation on the Financial Results for the Quarter (Q3) ended on Dece...

Yes Bank Limited

YBL/CS/2024-25/164

January 25, 2025

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

BSE Limited Corporate Relations Department P.J. Towers, Dalal Street Mumbai – 400 001 BSE Scrip Code: 532648

Dear Sir / Madam,

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

(Q3) ended on December 31, 2024

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

2015 (“Listing Regulations”)

This is further to the Outcome of Board Meeting held on January 25, 2025, wherein the Bank had disclosed the Un-Audited Standalone and Consolidated Financial Results of the Bank for the Quarter (Q3) and Nine month ended on December 31, 2024, 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) ended on December 31, 2024, is also enclosed herewith for appropriate dissemination.

The weblink of BSE Limited and National Stock Exchange of India Limited providing the above information is being hosted on the Bank’s website www.yesbank.in pursuant to Listing Regulations, as amended.

You are requested to take the same on record and acknowledge the receipt.

Thanking you,

Yours faithfully,

For YES BANK LIMITED

Shivanand R. Shettigar Company Secretary

Encl: Press Release and Investor Presentation

YES BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2024

Key Highlights

January 25, 2025

▪ Net Profit for Q3FY25 at INR 612 Crs at 2.6x of Q3FY24 Net Profits and up 10.7% Q-o-Q

• Operating Profit at INR 1,079 Crs up 24.9% Y-o-Y and 10.6% Q-o-Q • NII at INR 2,224 Crs for Q3FY25 up 10.2% Y-o-Y; NIMs at 2.4% flat Y-o-Y and Q-o-Q • Non-Interest Income for Q3FY25 at INR 1,512 Crs up 26.6% Y-o-Y and 7.5% Q-o-Q • Operating Expenses grew 13.2% Y-o-Y and only 0.9% Q-o-Q • Cost-to-Income Ratio sequentially lower for second consecutive quarter at 71.1% v/s. 73.1%

(Q3FY24) and 73.0% (Q2FY25)

• RoA for Q3FY25 at 0.6% v/s. 0.2% in Q3FY24 & 0.5% in Q2FY25

▪ Balance Sheet momentum sustains with effective execution in line with strategic objectives

• Sustained momentum in Deposit accretion with focus on CASA Ratio expansion and Retail &

Branch Banking led Deposits

o Average Deposit balances up 15.7% Y-o-Y and 2.3% Q-o-Q o Retail & Branch Banking led Deposits growth at 21.8% Y-o-Y and 5.3% Q-o-Q

o CASA Ratio at 33.1% up 340 bps Y-o-Y and 110 bps Q-o-Q

o CA growth at 21.1% Y-o-Y, with avg. CA Balances growing 22.1% Y-o-Y

o SA growth at 33.3% Y-o-Y & 9.2% Q-o-Q, with avg. SA growth at 32.1% Y-o-Y & 9.0% Q-o-Q

• Net Advances Growth at 12.6% Y-o-Y aided by

o Sustained growth momentum in SME (up 26.7% Y-o-Y), o Mid Corporate Advances up 26.7% Y-o-Y, and o Corporate Advances up 26.8% Y-o-Y and 7.5% Q-o-Q o Retail Advances growth flattish Q-o-Q, in line with strategy to improve profitability

• NIL PSL shortfall for Q3FY25 across overall requirement and sub-categories • Reduction in balances of mandated deposits in lieu of PSL Shortfalls from 10.4% of Assets

as of Q2FY25 to 8.5% as of Q3FY25- in line with earlier guidance

▪ Sustained improvement in Asset Quality metrics: GNPA ratio lower Y-o-Y, PCR at 71.2%

•

(NNPA + net carrying value of SRs) as % of Net Advances significantly lower on Y-o-Y & Q-o-Q basis at 0.6% in Q3FY25 v/s. 1.7% in Q3FY24 and 0.9% in Q2FY25

• Resolution momentum sustains with recoveries and resolutions at INR 1,843 Crs1 in Q3FY25,

cumulative recoveries and resolutions in 9MFY25 at INR 4,443 Crs Fresh Slippages for Q3FY25 in Retail Segment flat on Q-o-Q basis

•

1 Including recoveries from Security Receipts of INR 1,189 Crs in Q3FY25

Commenting on the results and financial performance, Mr. Prashant Kumar, Managing Director & CEO, YES BANK said, “Q3FY25 is the fifth quarter in a row where the Bank has demonstrated sustained sequential expansion in profitability. The RoA of the Bank has also expanded to 0.6% from 0.5%, reported over the last 3 quarters. It is quite encouraging that we have also started seeing expansion in our Operating Profitability.

Two distinct trends which I think are important to highlight in terms of trajectory of the Bank’s profitability going forward are, 1) reduction in balances of deposits placed in lieu of PSL shortfalls to 8.5% of Assets this quarter, from 10.4% of Assets in Q2FY25, and 2) fresh slippages in Retail Segment remaining flat on Q-o-Q basis. Both of these are in line with our earlier guidance, and while one of the factors is likely to aid expansion in Net Interest Margins and Operating Profits, the other may likely result in reduction of gross credit costs.

Other key vectors of the Bank continue to post encouraging trends in line with our strategic objectives. The Deposits momentum sustained with around 15% Y-o-Y growth, wherein the Avg. Balances recorded a higher 15.7% Y-o-Y and 2.3% Q-o-Q growth. Outperformance to Industry continued on CASA acquisition, with CA and SA deposits growing 21.1% Y-o-Y and 33.3% Y-o-Y respectively and the Avg. balances recording a similar growth. On the Advances front, SME and Mid Corporate segments maintained 25%+ Y-o-Y growth trajectory, while strategic reorientation continued in the Retail segment, aimed at profitability improvement. Q3FY25 was another strong quarter of Fee Income performance, aided by the granular and transactional fee streams. Asset Quality also further improved with (NNPA + Net Carrying Value of SRs) now at 0.6%.”

Page 1 of 4

Financial Highlights

Profit and Loss

▪ NII at INR 2,224 Crs for Q3FY25 up 10.2% Y-o-Y

▪ NIMs at 2.4% flat on both Y-o-Y and Q-o-Q basis

▪ Non-Interest Income for Q3FY25 at INR 1,512 Crs. up 26.6% Y-o-Y and 7.5% Q-o-Q.

▪ Operating Costs at INR 2,657 Crs up 13.2% Y-o-Y and only 0.9% Q-o-Q.

• PSLC costs incurred during the quarter aggregated to INR 86 Crs v/s. INR 71 Crs in Q3FY24. Excluding PSLC cost, Opex for Q3FY25 grew 12.9% Y-o-Y & 0.6% Q-o-Q

▪ Operating Profit for Q3FY25 at INR 1,079 Crs, up 24.9% Y-o-Y and 10.6% Q-o-Q

▪ Cost-to-Income Ratio sequentially lower for second consecutive quarter at 71.1% v/s.

73.1% (Q3FY24) and 73.0% (Q2FY25)

▪ Q3FY25 Provision Cost (non-tax) at INR 259 Crs down 53.4% Y-o-Y and 12.9% Q-o-Q

▪ Net Profit for Q3FY25 at INR 612 Crs up 164.5% Y-o-Y & 10.7% Q-o-Q

▪ RoA for Q3FY25 at 0.6% v/s. 0.2% in Q3FY24 & 0.5% in Q2FY25

Balance Sheet

▪ Net Advances at INR 2,44,834 Crs, registered growth of 12.6% Y-o-Y and 4.1% Q-o-Q

• Diversified loan book – Retail & SME: Mid Corp.: Corp. mix at 58:16:26 vs. 63:14:23

last year and 59:16:25 last quarter

• Sustained growth momentum in SME Advances (up 26.7% Y-o-Y),

• Mid Corporate Advances up 26.7% Y-o-Y, and

• Corporate Advances up 26.8% Y-o-Y and 7.5% Q-o-Q

• Retail Advances growth flattish Q-o-Q, in line with strategy to improve profitability

•

Fresh Disbursements at INR 25,256 Crs in Q3FY25

▪ Total Balance Sheet grew 8.7% Y-o-Y

▪ CD Ratio at 88.3% vs. 89.9% in Q3FY24 and 84.8% in Q2FY25

▪ Total Deposits at INR 2,77,224 Crs, up 14.6% Y-o-Y

• Avg. Deposit Balances up 15.7% Y-o-Y and 2.3% Q-o-Q

• Retail & Branch Banking led Deposits growth at 21.8% Y-o-Y and 5.3% Q-o-Q

• CASA ratio at 33.1% vs. 29.7% in Q3FY24 and 32.0% Q-o-Q

• Current Account balances grew 21.1% Y-o-Y, with avg. CA growth at 22.1% Y-o-Y

• Savings Account balances growth at 33.3% Y-o-Y and 9.2% Q-o-Q. Avg. SA Balances

growth at 32.1% Y-o-Y and 9.0% Q-o-Q

• Retail CASA Accounts opened: ~3.14 lakhs in Q3FY25

▪ Average Quarterly LCR (on consolidated basis) during the quarter remains healthy at

133.2%

▪ CET 1 ratio at 13.3%: Total CRAR at 15.9%.

• RWA to Total Assets at 72.3% vs. 71.2% in Q3FY24 and 70.7% in Q2FY25

Page 2 of 4

Asset Quality

▪

(NNPA + net carrying value of SR) as % of Advances significantly lower on Y-o-Y and Q-o-Q basis at 0.6% in Q3FY25 v/s. 1.7% in Q3FY24 and 0.9% in Q2FY25; Non Tax Provisions at 0.2% of Average Assets for Q3FY25 (on annualized basis)

• GNPA ratio lower on Y-o-Y and flattish on Q-o-Q basis at 1.6% v/s. 2.0% in Q3FY24

and 1.6% in Q2FY25

• NNPA ratio at 0.5% v/s. 0.9% in Q3FY24 and flat in comparison to 0.5% in Q2FY25

• NPA Provision Coverage Ratio (PCR) at 71.2% v/s. 56.6% in Q3FY24 and 70.0% in Q2FY25; Including Technical Write- offs, PCR at 82.4% v/s. 71.9% in Q3FY24 and 81.5% in Q2FY25

▪ Gross Slippages for Q3FY25 at INR 1,348 Crs v/s. INR 1,233 Crs in Q3FY24 and INR

1,314 Crs in Q2FY25

▪

Retail Segment Fresh Slippages for Q3FY25 at INR 1,174 Crs v/s. INR 1,179 Crs in Q2FY25

▪ Overdue book of 31-90 days at INR 3,980 Crs from INR 4,379 Crs in Q3FY24 and

INR 3,762 Crs in Q2FY25

31-60 days book at INR 1,864 Crs v/s. INR 1,896 Crs last quarter

• • • Rise in 61-90 days Overdue balances in Retail Segment, largely driven by Rural

61-90 days book at INR 2,116 Crs v/s. INR 1,866 Crs last quarter

Portfolio

▪

Standard Restructured accounts amounted to INR 1,928 Crs (0.8% of Advances) down from INR 3,958 Crs (1.8% of Advances) in Q3FY24 and INR 2,125 Crs (0.9% of Advances) in Q2FY25.

Other Highlights/ Achievements

▪ Launched YES Business powered by ‘IRIS Biz by YES BANK’ to empower MSMEs and Businesses: A new age Business Banking app, with 100+ features, that provides a wide range of integrated solutions to both simplify and strengthen business operations

▪ RBI approved the appointment of Mr. Manish Jain as Executive Director (ED) of the Bank, effective December 11, 2024, further strengthening the Bank's governance and leadership team

▪ Certified as ‘Great Place to Work®’ by Great Place to Work®, India, for the third

consecutive year

▪ Launched ‘YES PowherUp’ in partnership with FICCI FLO– a specialised MSME programme designed to empower Women Entrepreneurs in scaling their businesses

YES BANK’s Analyst conference call, scheduled on January 25, 2025 at 3:00 PM IST, can be heard at following link: https://www.yesbank.in/about-us/investor-relations/financial-information/financial-results

ABOUT YES BANK YES BANK, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients. The Bank operates its Brokerage business through YES SECURITIES, a wholly-owned subsidiary of the Bank. The Bank has a pan-India presence including an International Banking Unit (IBU) at GIFT City, and a Representative Office in Abu Dhabi.

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

For further information, please contact:

YES BANK Neha Chandwani Lead Corporate Communication

Page 3 of 4

Email: neha.chandwani@yesbank.in

Financial Highlights from Q3FY25

Profit & Loss Statement Highlights

(INR Crs)

Q3FY25

Q2FY25

Growth %

Q3FY24

Growth %

Net Interest Income

Non-Interest Income

Total Net Income

Operating Profit/(Loss)

Provisions

Net Profit / (Loss)

Basic EPS (INR)

2,224

1,512

3,736

1,079

259

612

0.20

2,200

1,407

3,607

975

297

553

0.18

1.0%

7.5%

3.6%

10.6%

-12.9%

10.7%

2,017

1,195

3,211

864

555

231

0.08

10.2%

26.6%

16.3%

24.9%

-53.4%

164.5%

142.7%

Key P & L Ratios

Q3FY25

Q2FY25

Q3FY24

Return on Assets 1

Return on Equity 1

Net Interest Margin

Cost to Income

Non-interest Income to Total income

0.6%

5.2%

2.4%

0.5%

4.9%

2.4%

71.1%

73.0%

40.5%

39.0%

0.2%

2.2%

2.4%

73.1%

38.6%

Balance Sheet Highlights

31-Dec-24

30-Sep-24

Q-o-Q %

31-Dec-23

Y-o-Y %

(INR Crs)

Advances

Deposits

Shareholder’s Funds

Total Capital Funds

244,834

235,117

277,224

277,214

46,941

47,577

46,407

47,667

4.1%

0.0%

1.2%

-0.2%

-1.1%

Total Assets

413,607

418,092

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

15.9%

13.3%

15.0

1.6%

0.5%

16.1%

13.2%

14.8

1.6%

0.5%

82.4%

81.5%

1,928

233

2,125

843

33.1%

32.0%

133.2%

132.0%

12.6%

14.6%

12.6%

7.5%

8.7%

217,523

241,831

41,684

44,269

380,391

16.3%

12.6%

14.5

2.0%

0.9%

71.9%

3,958

1,714

29.7%

118.4%

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

Q3FY25 Financial Results

January 25, 2025

Customer Solutions

Open Market Solutions

Contents

Overview

Financial Results- Q3FY25

YES BANK Franchise

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 1,247 branches, 222 BCBOs and 1,326 ATMs (including CRMs and BNAs) in over 300 districts of India

Accelerating as a diversified franchise across customer segments with a strong focus on Transaction and Digital 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 processes 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 1.5 million new CASA customers per annum

•

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

Retail Advances at ~INR 100,000 Crs (~41% of Net Advances) – focus shifting towards further improving profitability while maintaining quality

Holistically addressed Legacy Asset Quality Issues; Overall portfolio Asset Quality at its best since reconstruction

•

Collective NNPA & Net Carrying Value of SR at 0.6% of Advances: Provision Coverage Ratio at 71.2%

Sufficiency in Liquidity (LCR at 133.2%2) and Capital Adequacy (CET 1% at 13.3%)

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 ~29,000 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 the Indian Capital markets, with ~63 lakh shareholders

Total Assets: INR 4,13,607 Crs

Total Advances: INR 2,44,834 Crs

Advances Split:

Retail & SME – 58% Mid Corp – 16% | Corporate – 26%

Total Deposits: INR 2,77,224 Crs CASA Ratio: 33.1%

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

1 By Total Assets as on September 30, 2024; 2 Average for the quarter- Q3FY25; 3 A+ by CRISIL & CARE, A by India Ratings & ICRA; Short Term Ratings by CRISIL & CARE

Deposits Metrics consistently outperforming Industry

All figures in INR Crs

Deposits traction : consistent outperformance to Industry

Outperformance even more significant in CA Deposits

Strong pickup in SA post strategic de-bulking till H1FY24

Total Deposits

YoY Growth

Industry Growth

Current Account

YoY Growth

Industry Growth

Savings Account

YoY Growth

Industry Growth

266,372 265,072

277,214 277,224

217,502 219,369

234,360

17.2%

241,831

22.5%

20.8%

13.5%

13.2%

18.3%

14.6%

10.3%

10.2%

12.6% 13.6% 13.5% 13.6%

12.1% 11.5%

41,344

40,938

39,605

36,834

26.2%

23.0%

20.9%

21.1%

33,603

30,477

27.3% 27.1%

32,433

32,695

18.4%

12.6%

52,045

47,663

44,733

39,054

40,973

31.2% 30.5%

33.3%

23.0%

12.0%

33,300

34,090

36,524

5.0%

4.9%

5.3%

11.7%

9.8%

8.5%

10.6% 10.5%

12.8%

6.8%

-4.8%

-4.1%

4.5%

5.0%

5.5%

5.4%

5.6%

FY23

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

FY23

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

FY23

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

Uptick in CASA ratio amidst strong headwinds in Industry

Garnering significant Incremental Market Share in CASA

Continue to maintain healthy short term & long-term liquidity

YES BANK CASA Ratio

Industry CASA Ratio

Data for Q2FY25 & Incremental YoY (Q2FY24-Q2FY25)

Average LCR

NSFR

43.1%

41.7%

40.5% 40.1% 40.5%

39.3% 39.0%

For Industry

Among Private Banks

7.5%

% 0 . 7 2 1

% 1 . 1 1 1

% 5 . 8 1 1

% 7 . 9 0 1

% 9 . 0 2 1

% 1 . 5 1 1

% 6 . 9 1 1

% 4 . 8 1 1

% 1 . 3 2 1

% 4 . 8 1 1

% 8 . 7 3 1

% 8 . 0 2 1

% 0 . 2 3 1

% 2 . 1 2 1

% 2 . 3 3 1

% 5 . 6 1 1

33.1%

32.0%

1.1%

3.5%

3.0%

30.8%

29.4% 29.4% 29.7%

30.9% 30.8%

FY23

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

Industry data based on RBI’s ‘Basic Statistical Return (BSR)-2 - Deposits with SCBs excluding RRBs’

Yes Bank CASA Mkt Share

Incremental mkt. share (Y-o-Y)

Yes Bank CASA Mkt Share

Incremental mkt. share (Y-o-Y)

FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

100%

Sustained improvements in Asset Quality

All figures in INR Crs

Sustained improvement in GNPA, NNPA & Net carrying value of SRs

Consistent improvement in Provision Coverage ratio

Reduction in Std. Restructured Accounts (Gross)

Gross NPA (%)

Net NPA (%)

Net Carrying Value of SRs

PCR (%)

PCR incl. T W/Os

Restructured Advances

% of Advances

2.2%

1.6%

0.8%

2.0% 2.0% 2.0%

1.3%

1.0%

1.1%

0.9%

0.8%

1.7% 1.7% 1.6% 1.6%

72.3%

72.1% 71.9%

67.8%

0.6%

0.5% 0.5% 0.5%

62.3%

56.4% 56.6%

0.4% 0.4%

0.1%

48.4%

79.3% 80.1% 81.5% 82.4%

66.6% 67.6%

70.0% 71.2%

4,705

4,682

2.3% 2.3%

4,499

2.2%

3,958

1.8%

3,792

3,643

1.7% 1.6%

2,125

1,928

0.9%

0.8%

FY23

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

FY23

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

FY23

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

Reduction in Overdue Advances

Slippages remain range bound; Retail Slippages flat Q-o-Q

Healthy momentum continues in recoveries & resolutions

Overdue (31-90 days)

% of Advances

Slippages

% of Advances

Recoveries & Resolutions

4,786

2.4%

3,863

3,898

4,379

1.9% 1.9%

2.0%

3,684

3,623

3,762

3,980

1.6% 1.6% 1.6% 1.6%

FY23

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

1,600

1,400

1,200

1,000

800

600

400

200

1,482

1,196

3.0%

1,263

1,233

1,356

1,314

1,348

1,205

2.4%

2.3%

2.4%

2.1%

2.2% 2.2%

3.5%

3.0%

2.5%

2.0%

1.5%

1.0%

0.5%

0.0%

1,733

1,352

1,316

1,201

2,092

1,843

1,580

1,021

Ratios (wherever applicable) have been expressed as % of period end Balances; Slippage ratios expressed on Annualised basis

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

Retail slippages flat on Q-o-Q basis

All figures in INR Crs

Retail Slippages flat Q-o-Q: in absolute terms and as % of Book

Due to recent growth slowdown, better to be seen on 1 Year lagged basis

Early delinquencies i.e. 30+ also showing signs of flattening out

Retail Segment Slippages

% of Retail Advances

Retail Slippages - % of 1 Year Lagged Advances

Retail 31-90 Day Overdue (ex- Rural)

% of 1 Year Lagged Advances

1,400

1,200

1,000

800

600

400

200

1,051

977

1,056

1,179

1,174

4.1%

3.7%

4.1%

4.7%

760

820

3.2%

3.3%

8.0%

7.0%

6.0%

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

5.0%

4.5%

4.3%

4.7%

4.6%

4.2%

3,000

2,500

2,000

1,500

1,000

500

1,528

2.1%

1,953

2,064

1,841

2,378

2,399

2,441

2.3%

2.5%

2.4%

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

Q1FY24

Q2FY24

Q3FY24

Q4FY24

Q1FY25 Q2FY25 Q3FY25

Q1FY24

Q2FY24

Q3FY24

Q4FY24

Q1FY25 Q2FY25 Q3FY25

Q1FY24

Q2FY24

Q3FY24

Q4FY24

Q1FY25 Q2FY25 Q3FY25

Secured portfolio slippages decline, marginal uptick in Unsecured

Within Unsecured, marginal uptick on account of ISB (Micro Fin.)

30+ stabilizing across Secured as well as Unsecured products

Slippages as % of Total Retail Advances (1 yr. lagged)

Unsecured

Secured

4.2%

4.3%

5.0%

4.5%

4.7%

4.6%

2.8%

2.7%

3.2%

2.7%

2.8%

2.5%

1.4%

1.5%

1.7%

1.6%

1.8%

1.9%

2.0%

1.4%

0.1%

0.4%

0.1%

1.5%

0.0%

0.4%

0.1%

1.7% 0.0%

0.5%

0.1%

1.6%

0.0%

0.5%

0.1%

2.0%

0.2%

1.9%

0.1%

0.7%

1.8% 0.1%

0.6%

0.1%

0.9%

1.1%

1.0%

Q-o-Q movement

ISB

Credit Card

Business Loan

Personal Loan

Flat

31-90 day Overdue loans as % total Retail Advances (ex- Rural)- on 1 Yr. lagged basis

Unsecured

Secured

2.3%

2.5%

2.4%

1.9%

1.8%

2.0%

1.9%

1.8%

2.1%

1.8%

0.4%

0.5%

Q1FY24

Q2FY24

Q3FY24

Q4FY24

Q1FY25 Q2FY25 Q3FY25

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

Q1FY24

Q2FY24

Q3FY24

Q4FY24

Q1FY25 Q2FY25 Q3FY25

Slippage ratios expressed on Annualised basis

Improving Profitability- remains a key focus area

Key Levers

Resolution of PSL (Priority Sector Lending) shortfall related drag

Focus Target Metrics

Page No.

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

12 13

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

Improvement in Cost to Income Ratio

Digital & Transaction Banking Capabilities & Partnerships

Utilizing distinctive capabilities & partnership to increase customer mind/ wallet share; leveraging Corporate relationships

1 Including in Subcategories

Several Business outcomes demonstrating effective execution of Strategic Objectives

All figures in INR Crs

Higher share of RoA Accretive Retail Products

Increasing share of Internal Sourcing in Retail Advances

Strong growth in Retail & Branch Banking Deposits led by CASA

RoA Accretive Products

Other Retail Products

Sourcing through Internal Channels

DSA Sourcing

% of disbursements

Retail & Branch Banking Deposits As % of Total deposits

Retail & Branch Banking CASA CASA Ratio

65%

56%

63%

59%

In INR ‘000 Crs

21.8% Y-o-Y

59%

50%

161.8

153.7

35%

44%

37%

41%

50%

132.8

58.4%

54.9%

55.4%

FY23

FY24

9MFY24

9MFY25

FY23

FY24

9MFY24

9MFY25

Q3FY24

Q2FY25

Q3FY25

70.0

60.0

50.0

40.0

30.0

20.0

10.0

35.7% Y-o-Y

64.4

57.3

47.4

39.8%

37.3%

35.7%

Q3FY24 Q2FY25 Q3FY25

50.0%

48.0%

46.0%

44.0%

42.0%

40.0%

38.0%

36.0%

34.0%

32.0%

30.0%

Acceleration in SME Advances Growth

Sustained momentum in Mid Corporate Segment Growth

Core Income momentum continues to outpace Opex Growth

SME Advances

Share in Advances

Mid Corp. Advances

Share in Advances

26.7% Y-o-Y

33,142

35,327

37,147

16.2%

15.2%

15.5%

41,991

17.2%

38,982

16.6%

26.7% Y-o-Y

34,393

34,309

15.1%

14.9%

39,602

36,765

15.6%

16.2%

31,263

14.4%

NII

Core Fees

13.1% Y-o-Y

8 8 1 , 1

7 1 0 , 2

1 4 3 , 1

0 0 2 , 2

0 0 4 , 1

4 2 2 , 2

Opex (ex-PSLC)

12.9% Y-o-Y

4 5 5 , 2

1 7 5 , 2

6 7 2 , 2

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Q3'24

Q2'25

Q3'25

Q3'24

Q2'25

Q3'25

Significant progress on ensuring PSL compliance Sustained momentum in Organic balances; NIL Shortfalls in Overall and Sub-categories

Comprehensive strategy adopted & currently under execution to substantially reduce the quantum of RIDF balances over 2-3 years timeframe

•

Ensuring NIL shortfalls in overall PSL compliance 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

Expansion of 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 On Balance Sheet Amounts (excludes inorganic interventions and deposits)

Reduction in overall/ subcategory Shortfalls: (includes inorganic interventions)

All figures in INR Crs

FY23

FY24 Q1FY25 Q2FY25 Q3FY25

3 4 2 , 3 9

1 8 5 , 3 9

8 6 1 , 6 9

7 7 9 , 8 9

6 4 0 , 5 7

5 7 1 , 0 1

5 8 7 , 0 1

8 5 7 , 1 1

0 9 8 , 1 1

1 5 5 , 2

3 4 4 , 5

5 2 3 , 4 1

1 3 1 , 5 1

5 8 1 , 6 1

4 5 5 , 6 1

9 0 5 , 5 1

0 2 2 , 6 1

6 8 2 , 6 1

2 8 7 , 3 1

9 7 1 , 6

Avg. Shortfall for the period as % of ANBC

FY23

FY24 Q1FY25 H1FY25

9MFY25

% 0 . 8

NIL NIL NIL NIL

NIL

NIL NIL NIL

NIL

% 0 . 1 1

% 4 . 1

% 4 . 8

NIL NIL

NIL

NIL NIL NIL

NIL

Overall PSL

SMF

NCF

Weaker Section

Overall

SMF

NCF

Weaker Section

Mandated deposits in lieu of PSL Shortfalls: At 8% of Assets a drag on income & profitability- however lower Q-o-Q, and expected to further reduce to <5% over next 2-3 years

All figures below for Q3FY25; ‘Normalized’ indicates Pro-forma figures, normalized for the impact of deposits placed in lieu of PSL Shortfalls

8.9%

3.0%

71.1%

2.4%

1.5%

0.9%

7.2%

1.0%

0.6%

5.2%

8.3%

65.7%

Reported

Normalised

Reported

Normalised

Reported

Normalised

Reported

Normalised

Reported

Normalised

Reported

Normalised

Yield on Interest Bearing Assets

NIM

Cost to Income

PPOP/ Assets

RoA

RoE

Balance Sheet mix now stabilizing Stabilization in mix reflecting in sequentially better outcomes over last 2 consecutive Quarters

Significant shift in Balance Sheet and Income mix towards higher C/I intensive segments over the last few years. Advances mix largely stable over last few quarters

Advances Mix

Retail/SME advances

Wholesale advances

Deposits Mix

Branch Banking Deposits

Wholsale Deposits

40%

38%

40%

41%

60%

62%

60%

59%

42%

58%

48%

47%

46%

52%

53%

54%

45%

55%

42%

58%

Gross Income Mix Corporate

Retail/SME

Treasury/HO

17%

35%

48%

20%

29%

51%

20%

28%

52%

21%

29%

50%

20%

30%

50%

FY23

FY24

Q1FY25

Q2FY25

Q3FY25

FY23

FY24

Q1FY25

Q2FY25

Q3FY25

FY23

FY24

Q1FY25

Q2FY25

Q3FY25

Wholesale Segment includes Large Corporates, Mid Corporates, Financial Institutions, Govt. Banking, MNC and International Banking Segments

Granular Segment growth in past few years driven by Investments into the franchise

Both C/I and PPOP/ Assets have sequentially improved over the last 2 quarters

1 Branches + BCBO

New Branches Opened

1,453

1,451

1,458

1,469

1,342

FY23

FY24

Q1FY25

Q2FY25

Q3FY25

Cost to Income

72.6%

74.4%

74.3%

73.0%

71.1%

FY23

FY24

Q1FY25

Q2FY25

Q3FY25

Employees

PPoP / Avg Assets

27,517

28,001

28,534

29,571

28,995

0.9%

1.0%

FY23

FY24

Q1FY25

Q2FY25

Q3FY25

FY23

FY24

Q1FY25

Q2FY25

Q3FY25

1 Represents Outstanding number of Branches and Business Correspondent Business Outlets as on date

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

All figures in INR Crs

Calibration in Disbursement growth with focus on profitability

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

RoA Accretive Products

Other Retail Products

% of RoA Accretive Products

Disbursement Mix (%)

48,023

35%

31,354

16,679

FY23

41,263

44%

23,050

18,213

FY24

44%

31,857

17,719

14,139

9MFY24

44%

23,429

13,234

10,195

9MFY25

• ROA Accretive products include Personal Loans, Used Vehicles (including CV/ CE), Affordable Home Loans, Unsecured Business Loans, Micro LAP and Education Loans

Prime Home Loans Affordable Home Loans

Used Cars

New Cars

Used CV/ CE

New CV/CE

64% 61% 60% 58%

69%

23% 28% 33%

47%

77% 72% 67%

36% 39% 40% 42%

53%

31%

75%

25%

80% 74% 73% 75%

20% 26% 27% 25%

88%

12%

FY23

FY24 Q1FY25 Q2FY25 Q3FY25

FY23

FY24 Q1FY25 Q2FY25 Q3FY25

FY23

FY24 Q1FY25 Q2FY25 Q3FY25

Growth in Internal Sourcing driven by leveraging Branch Network & Technology

Retail Asset Quality: Slippages and 30+ flat on Q-o-Q basis

Sourcing through Internal Channels

DSA Sourcing

Retail Slippages

% of 1 Year Lagged Advances

Retail 31-90 Day Overdue (ex- Rural)

% of 1 Yr. Lagged Adv.

63%

37%

59%

41%

52%

48%

52%

48%

52%

48%

1,400

1,200

1,000

800

600

400

200

1,051

977

1,056

1,179 1,174

820

760

4.2% 4.2%

5.0%

4.3% 4.5% 4.7% 4.6%

9.0%

8.0%

7.0%

6.0%

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

3,000

2,500

2,000

1,500

1,000

500

2,378 2,399 2,441

1,841 1,953 2,064

1,528

2.1%

2.3% 2.3% 2.3%

2.5% 2.4% 2.4%

FY23

FY24

Q1FY25

Q2FY25

Q3FY25

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

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 best-in-class Asset Quality

Sustainable Product Mix

Book Split by Ticket Size (count of customers)

15%

14%

5% 4%

16%

46%

0 - 0.5 Cr

0.5 - 1 Cr

1 - 2 Cr

2 - 5 Cr

5 -10 Cr

> 10 Cr

SME GNPA %

1.2%

1.5%

1.4%

FY23

FY24

Q1FY25 Q2FY25 Q3FY25

19%

10%

69%

Working Capital & Term Loan

Channel Finance

Commodity Finance

Non Fund Facilities

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

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

• Healthy mix of Non-funded facilities at ~19% • ~86% Book Secured; 92%+ PSL compliant

Strong momentum in fee income generation

Growth avenues, Digitization & product innovation

SME Fees

As % of Advances

515

1.6%

351

1.4%

1.6%

132

1.5%

145

1.7%

171

• YES Business & IRIS Biz App : Launch of MSME dedicated Net-banking & Mobile app for integrated

financial management, Digi Loan A/c application, insights & user-friendly interface

• Supply Chain LOS : Launch of Digital Origination System for sourcing Channel Finance customers

• Digi OD enrichment : Sourcing for ETB Customers (pre-approved) launched alongwith NTB sourcing

for Unsecured OD

• Yes PowherUP : Launch of comprehensive MSME Program curated specifically for Women

Entrepreneurs to scale their business

• Service Desk : Enhanced with Financial Services (RTGS/NEFT, FD Booking etc.) easing RM

bandwidth

FY23

FY24

Q3FY24

Q2FY25

Q3FY25

Mid Corporate Segment Strong Competitive Advantage aided by Relationships, Expertise & Solutioning All figures in INR Crs

Steady growth in Balances in the Mid Corporate segment

Strong source of Fee Income

Q1FY24

Q2FY24

Q3FY24

Q4FY24

Q1FY25

Q2FY25

9MFY25

Mid Corporate Fees

As % of Advances

26.7% Y-o-Y

2 0 6 , 9 3

5 6 7 , 6 3

3 9 3 , 4 3

9 0 3 , 4 3

4 9 2 , 9 2

3 6 2 , 1 3

2 4 3 , 7 2

6.0% Y-o-Y

1 0 0 , 8 1

1 6 9 , 8 1

2 9 0 , 1 2

8 1 8 , 1 2

1 4 6 , 1 2

9 5 7 , 1 2

3 6 3 , 2 2

Advances

Deposits

32.4% Y-o-Y

4 8 2 , 1 1

0 0 5 , 2 1

2 4 2 , 3 1

6 5 6 , 4 1

6 0 5 , 5 1

Non-Fund

7 3 4 , 6 1

2 3 5 , 7 1

• Strong Liability Franchise; Share of CA Ratio ~25% • 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

401

1.7%

513

1.7%

1.5%

117

1.5%

129

1.6%

153

FY23

FY24

Q3FY24

Q2FY25

Q3FY25

High quality book with significantly low NPA levels across business cycles

Several key enablers driving profitability in the segment

Mid corporate GNPA (%)

1.5%

0.9%

1.3%

1.0%

• Growth led by NTB and Cross-sell - higher wallet share and productivity •

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

• 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

FY23

FY24

Q1FY25

Q2FY25

Q3FY25

1 Food and Agribusiness Strategic Advisory and Research Group

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: 22.6%CAGR (FY23-Q3FY25) v/s. 11.9% CAGR in Industry and 16.5% CAGR amongst Pvt. Banks

Deposits Outperformance in Branch Banking – even higher in the recent past (as per latest available data)

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

Outperformance in Liability growth largely led by

Branch Banking- driving Bank’s outperformance v/s. Industry

Pick-up in Branch led Sourcing of Retail Banking Assets

Productivity Gains within existing & expanding franchise

Y-o-Y Growth of CASA and Total Deposits (Q2FY24- Q2FY25)

Retail Assets - Disbursements Mix

Deposits per Branch

Deposits per Employee

(Indexed to 100 for FY23)

YBL Branch Banking

YBL

Private Banks

Industry

Through Internal Channels 18

Disbursements in INR ‘000 Crs

% of Total Disbursements

100.0

120.7

116.1

136.5

122.0

30.9%

28.5%

FY23

FY24

9MFY25

Acceleration in customer acquisition

9.7%

7.3%

22.4%

18.3%

14.9%

11.5%

37%

41%

48%

52%

43%

4.1

3.8

4.1

CASA A/Cs Acquistion – Monthly Avg.

in ‘000 Accounts

110.4

127.8

117.4

CASA Y-o-Y Growth

Total Deposits Y-o-Y Growth

FY23

FY24

Q3FY24 Q2FY25 Q3FY25

Q3FY25 Deposits growth for YBL at 14.6% Y-o-Y & YBL Branch Banking at 21.8%

Q3FY25 CASA growth for YBL at 27.7% Y-o-Y & YBL Branch Banking at 35.7%

Strong traction in Branch Banking Fee Income 3

FY23

FY24

9MFY25

Rise in New Acquisition Value (NAV)

Incremental CASA Ratio: Q2FY24- Q2FY25

55.1% Y-o-Y

Branch Banking Fees

48.0%

45.8%

1,133

CASA EOP NAV- Monthly Avg.

(Indexed to 100 for FY23)

128

152

26.4%

25.6%

731

32.1% Y-o-Y

276

356

364

FY24

9MFY25

YBL Branch Banking

YBL

Private Banks

Industry

FY23

FY24

Q3FY24 Q2FY25 Q3FY25

100

FY23

1 Based on Total Bank Deposits, CAGR computed between FY23-Q2FY25 for the Industry & Pvt. Banks; 2 Data Source: RBI (BSR)-2 – Deposits with SCBs; 3 Includes Rural Retail Liabilities 4 Normalised for comparability

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

Strong Traction in Non-Interest Income, even in the case of Core Fees 1

Steady Contribution to RoA

FY23

FY24

Q3FY24

Q2FY25

Q3FY25

Core Fees as % of Assets

38.8% Y-o-Y

5,114

3,685

38.1% Y-o-Y

4,837

3,502

26.6% Y-o-Y

1,407

1,512

1,195

17.9% Y-o-Y

1,188

1,341

1,400

1.3%

1.0%

Total Other Income

Core Fees

FY23

FY24

Q3FY24

Q2FY25

Q3FY25

Core fee growth driven by Granular Customer Segments…

...and acceleration in Transactional flows

Retail Banking Fees

As % of Total Core Fees

FY23

FY24

Q3FY24

Q2FY25

Q3FY25

47.3% Y-o-Y

3,394

70.2%

2,304

65.8%

67.6%

68.4%

67.5%

17.7% Y-o-Y

802

918

944

23.7% Y-o-Y

897

725

32.1% Y-o-Y

811

614

25.6% Y-o-Y

260

269

214

9.2% Y-o-Y

206

213

225

FY23

FY24

Q3FY24

Q2FY25

Q3FY25

Corp. Trade and CMS Fees

FX Income

1 Core Fees: Normalized for Realized/ Unrealized gain on Investments & Treasury gains

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

UPI Payments #1 Payee PSP (54.3% market share) #2 Payer PSP (28.7% market share )

Powering ~28.8%1 of all AePS Txns via ~801 K+ partner outlets2 - #1

98% Credit Cards Sourced Digitally 4

‘IRIS’ – Retail Super APP with 250+ features

1,000+ API Stack Developed in- house

95% Eligible CA A/C Sourced Digitally (Individual + Sole Prop)

#2 in NEFT with ~98.0% Success Rate & 24%1 market share

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), ULI (Unified Lending Interface)

Future ready for both BaaS & BaaP Models 3

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, 2024 4 Including Assisted Journeys

3 BaaS: Banking as Service, BaaP: Banking as Product

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

Gaining Strong Traction Since Go Live in Aug 2023

✓34.1 lakh

✓19.2 Lakh

✓~23,000

✓4.7 Lakh

✓154 Lakh

✓332 Lakh

Registered Users

Monthly Active Users1

PL Sourced

RuPay Cards issued

Service Request Handled

Transactions

10.9% ▲ (Q-o-Q)

~56% of Registered Users

~2,500 PL added in Q3FY25

~45,000 Cards added in Q3FY25

34 Lakh ▲ in Q3FY25

v/s. 250 lakhs as of Sept’24

1 December 2024

NEW

IRIS Biz A Next Gen ‘all-in-one’ Business SUPER APP

2 Lakhs +

Registered customers

45,000+

7 Lakhs +

2000 +

330 +

Active Customers

Transactions

Tax Bill Payments

FDs opened

Scan to watch Video

NEW

YES PAY NEXT A Next Gen ‘UPI’ Payment App

UPI Payments | Bill Payment & Recharge | UPI Lite | Autopay Available in 2 languages | Gift cards, Vouchers & more...

20 Lakhs +

25%

20%

Registered customers

MOM Growth in User Base

Monthly transacting users

App store ratings

4.8

4.7

Top plugin partners - Swiggy | Zerodha Coin |Apollo Pharmacy |Rummy culture| MPL

Simplified Dashboard

Quick & Secure Merchant Payments

UPI Lite –Auto topup

Setup Recurring Payments

Zero Platform fee on Bill Payments

Pay Using Credit Card

NEW

YES Pay Biz One Stop Solution for Merchants

Collect | Manage | Grow

32,000+

60%

50 Lakhs

App Store Ratings-

Registered Merchants

Monthly transacting merchants

Monthly transactions valuing INR 400 Crores

4.4

On demand Instant Settlements | Multiple Collection Modes| Sub-User Management |Available in 3 languages

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.)

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…

Third Party Apps

Corporate BCs

Market Place

Payment Aggregators

Co-Branded Cards

Large Merchants

… & many more

Transaction Banking Leveraging the strength of solutioning, leading to granular CASA, NFB, Fee, NII & FX Revenue

Sachetization of Transaction Banking: Curated Solutioning by Client Segments

Large Corporate

B2C

FinTech & Exchange Houses

Large Corporate

B2B

Insurance / MFs / Broking

Pharma

Co-operative / Small Finance Banks

Media & Entertainment

Government Schemes

NBFC

Education, Hospitals & Hospitality

96% of our Corporate CASA is embedded with Digital & Transaction Banking Product & Solutions

2+ PPI* covers 80% CA, 91% TP, 90% FB, 85% NFB & 96% NCF & 94% TBG Fees

STRENGTHENING FRANCHISE

24% YTD Corp. CA growth YoY

17.11% growth of NFB* book & 25.78% growth of FB* Book YoY

3.5X growth in Asset under Custody

78% YoY growth in Corp. IBU CA

43%% YoY growth in CMS Thruput

40% YTD growth in Mandate executed YoY

Market Leadership – YBL processes 1 in 3 Digital Payment transaction in India UPI – 54.3% Rank #1 in Payee PSP| NEFT – 24% Rank #2 | IMPS – 7.5% | NACH – 17% Rank #3 | AePS – 28.8% Rank#1

45% in NACH & 46% growth in BBPS YoY and ~7% Market Share in LRS

87% of all Lending Clients have 1+ TBG Product Embedment

20% growth in Trade & CMS Fees YoY

6% of CA Book and 9% of Trade NFB from NTB clients

31% growth in total Statutory payments 56% growth in direct taxes 22% growth in GST payments 38% growth in EPFO

* PPI @ Product Penetration Index, FB @ Fund Book, NFB @ Non-Fund Book, TBG @ Transaction Banking Group, DB @ Digital Banking, NCF @ Non-Credit Flows # NPCI; CMS @ Cash Management, NTB @ New to Bank, SCB @ Supply Chain Banking

Powering Digital India with our Distinctive Capabilities

#1 UPI Payee PSP Bank Powering ~300 mn txn daily

#2 UPI Payer PSP Bank Powering ~164 mn txn daily

CAGR 80.1% (Q4FY22-Q3FY25)

56.1% 54.7%

54.3%

CAGR 42.36% (Q4FY22 Q3FY25)

38.64%

34.68%

33.30%

35.44%

31.86% 28.70%

35.04%

29.69%27.01%

40.0% 37.8% 37.0% 35.8% 34.5% 34.1%

5 . 5

8 . 8

8 . 9

6 . 0 1

8 . 1 1

0 . 3 1

7 . 3 2

1 . 5 2

6 . 7 2

6 1 2 7 . 5

0 5 . 8

9 7 . 9

8 4 . 0 1

5 6 . 0 1

7 7 . 0 1

3 5 . 5 1

4 0 . 5 1

1 1 . 5 1

Q4FY22 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

UPI Payee PSP transactions

UPI Market Share

UPI Payer PSP transactions

UPI Market Share

~3X growth in CMS Throughput Since Mar’22

Steadily Market Share Gains; #3 in NACH

CAGR 58.9% (Q4FY22 – Q3FY25)

CAGR 107.1% (Q4FY22-Q3FY25)

40.0

35.0

30.0

25.0

20.0

15.0

10.0

5.0

0.0

0 . 0 1

1 . 0 2

5 . 8 1

6 . 0 2

8 . 1 2

6 . 4 2

7 . 2 3

7 . 3 3

9 . 5 3

16.5% 17.0% 17.0%

14.7%

15.3%

12.7%

11.3%

9.7%

6 . 1 1

3 . 6 3

9 . 4 4

9 . 3 5

4 . 2 6

7 . 0 7

7 . 3 7

5 . 2 8

8 . 5 8

18.0%

16.0%

14.0%

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

86.0

76.0

66.0

56.0

46.0

36.0

26.0

16.0

6.0

% Credit Cards Issued Digitally1

CAGR 14.4% (Q4FY22-Q3FY25)

88% 92%

95% 96% 95% 96% 98%

79%

68%

110%

100%

90%

80%

70%

60%

50%

Q4FY22 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

1 Includes offline assisted journeys

% CC Issued Digitally

Q4FY22 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

CMS Throughput (INR Tn)

NACH (Transactions, Mn)

NACH Market Share

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

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

S&P Global ESG Score Ranked in the 83rd percentile in the banking industry globally*

FTSE4Good Included in FTSE4Good Index Series for the second consecutive year (2023, 2024)

CDP Highest rated Indian bank for climate disclosures 2023 – rated ‘A-’ (Leadership Band)

MSCI Index Constituent of MSCI ACWI’s ESG Universal Index, ACWI Climate Change Index, among others

CRH Ranked highest amongst 35 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 set decarbonization targets

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) 2024 - (YES BANK achieved a CSA Score of 72 (out of 100) and ESG Score of 73 (out of 100) as of December 16, 2024 # Climate Risk Horizons 2024 study

Integrating ESG considerations across the Bank’s business and operations

Environment

Social

Governance

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

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

21.8% women participation* in the Bank’s workforce with a target to achieve 25% gender diversity by FY 2024-25

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

40,000+ youth, farmers, women and artisans* from rural India impacted through employment and entrepreneurship interventions by YES Foundation with a target to impact over 1,00,000 individuals by 2026

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

Net zero by 2030: Committed to reduce 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 action: First Indian Bank to report financed emissions (electricity generation). Continued focus on financing renewable energy, electric vehicles, and rooftop solar adoption amongst MSMEs

Agroforestry: 2,00,000 trees planted on farmer’s land for enhancing green cover and providing an additional source of income for farmers

* Figures for FY 2023-24

Contents

Overview

Financial Results- Q3FY25

YES BANK Franchise

Results At a Glance – Q3FY25

All figures in INR Crs

Total Assets

Advances

Total Disbursements1

Deposits

CD Ratio

Advances Mix

413,607

8.7%: Y-o-Y -1.1%: Q-o-Q

244,834

25,256

v/s.

277,224

88.3%

v/s.

Retail & SME: Mid Corp: Corporate 58%:16%:26%

12.6%: Y-o-Y 4.1%: Q-o-Q

28,498 Q3FY24 23,998 Q2FY25

14.6%: Y-o-Y 0.0%: Q-o-Q

89.9% Q3FY24 84.8% Q2FY25

63% : 14% : 23% in Q3FY24 59% : 16% : 25% in Q2FY25

Arrows indicative of Y-o-Y Trends

Net Interest Income

Non-Interest Income

Operating Profit

Profit After Tax

NIM%

C/I Ratio

2,224

10.2%: Y-o-Y 1.0%: Q-o-Q

1,512

26.6%: Y-o-Y 7.5%: Q-o-Q

1,079

24.9%: Y-o-Y 10.6%: Q-o-Q

612

164.5%: Y-o-Y 10.7% : Q-o-Q

CASA Ratio

CET 1 Ratio 2

GNPA

NNPA

33.1%

v/s.

29.7% Q3FY24 32.0% Q2FY25

13.3%

v/s.

1.6%

v/s.

12.6% Q3FY24 13.2% Q2FY25

2.0% Q3FY24 1.6% Q2FY25

0.5%

v/s.

0.9% Q3FY24 0.5% Q2FY25

2.4%

v/s.

71.1%

v/s.

2.4% Q3FY24 2.4% Q2FY25

73.1% Q3FY24 73.0% Q2FY25

Net Carrying Value of SRs as % of Advances

RoA

0.1%

v/s.

0.6%

v/s.

0.8%: Q3FY24 0.4%: Q2FY25

0.2% Q3FY24 0.5% Q2FY25

1 Includes Limit Setups for SME; 2 Includes Profits

Highlights for Q3FY25 (1)

▪

Balance Sheet Highlights

Sustained momentum in Deposit accretion with focus on CASA Ratio expansion and Retail & Branch Banking led Deposits

• Deposits grew 14.6% Y-o-Y and flat Q-o-Q

❑ Average Deposit balances up 15.7% Y-o-Y and 2.3% Q-o-Q

❑ Retail & Branch Banking led Deposits growth at 21.8% Y-o-Y and 5.3% Q-o-Q

• CASA Ratio at 33.1% up 340 bps Y-o-Y and 110 bps Q-o-Q

❑ CA growth at 21.1% Y-o-Y, with avg. CA Balances growing 22.1% Y-o-Y

❑ SA growth at 33.3% Y-o-Y and 9.2% Q-o-Q with avg. SA balances growing 32.1% Y-o-Y and 9.0% Q-o-Q

▪

Strong growth continues in SME and Mid Corporate Segments

• SME Advances up 26.7% Y-o-Y and Mid Corporate Advances up 26.7% Y-o-Y

• SME/ Mid Corporate Advances Mix at 17.2%/ 16.2% respectively, v/s. 15.2%/ 14.4% in Q3FY24 and 16.6%/ 15.6% in Q2FY25

▪

Profitability focused product and sourcing mix calibration within Retail Advances segment; steady growth in Corporate segment

• Retail Advances flattish Q-o-Q and down 3.2% Y-o-Y

• Corporate Advances up 26.8% Y-o-Y and 7.6% Q-o-Q, continuing the momentum from Q2FY25

▪ CET I Ratio at 13.3% v/s. 12.6% in Q3FY24 and 13.2% in Q2FY25

▪ Reduction in balances of mandated deposits in lieu of PSL Shortfalls from 10.4% of Assets as of Q2FY25 to 8.5% as of Q3FY25

▪ Asset Quality: (NNPA + net carrying value of SR)% at 0.6%; PCR at 71.2%

•

(NNPA + net carrying value of SR) as % of Advances significantly lower on Y-o-Y and Q-o-Q basis at 0.6% in Q3FY25 v/s. 1.7% in Q3FY24 and 0.9% in Q2FY25

• GNPA ratio lower on Y-o-Y and flattish on Q-o-Q basis at 1.6% v/s. 2.0% in Q3FY24 and 1.6% in Q2FY25; NNPA ratio at 0.5% v/s. 0.9% in Q3FY24 and 0.5% in Q2FY25

• NPA Provision Coverage Ratio (PCR) at 71.2% v/s. 56.6% in Q3FY24 and 70.0% in Q2FY25; Including Technical Write- offs, PCR at 82.4% v/s. 71.9% in Q3FY24 and 81.5% in Q2FY25

• Resolution momentum sustains with recoveries and resolutions at INR 1,843 Crs1 in Q3FY25; cumulative recoveries and resolutions in 9MFY25 at INR 4,443 Crs

• Gross Slippages for Q3FY25 at INR 1,348 Crs (2.2% of Advances2) v/s. INR 1,233 Crs (2.3%2) in Q3FY24 & INR 1,314 Crs (2.2%2) in Q2FY25. Retail Slippages flat on Q-o-Q basis

1 Including recoveries from Security Receipts of INR 1,189 Crs; 2 Annualised and expressed as % of period end Balances

Highlights for Q3FY25 (2)

P&L Highlights

▪ Highest ever Quarterly Net Profit since Reconstruction at INR 612 Crs for Q3FY25 up 164.5% YoY & 10.7% Q-o-Q

• RoA for Q3FY25 at 0.6% v/s. 0.2% in Q3FY24 & 0.5% in Q2FY25

• Operating Profit at INR 1,079 Crs up 24.9% Y-o-Y and 10.6% Q-o-Q

▪ NII up 10.2% Y-o-Y; NIMs stable both Y-o-Y and Q-o-Q at 2.4%

▪

• NII at INR 2,224 Crs for Q3FY25 up 10.2% Y-o-Y and 1.0% Q-o-Q

Strong momentum in Non-Interest Income- up 26.6% Y-o-Y and 7.5% Q-o-Q

• Non-Interest Income for Q3FY25 at INR 1,512 Crs at 1.5% of Average Assets (annualized).

Second successive quarter of reduction in C/I

• Operating Costs at INR 2,657 Crs up 13.2% Y-o-Y and 0.9% Q-o-Q

▪ Net Provision Costs at INR 259 Crs (0.2% of Assets- annualized) down 53.4% Y-o-Y and 12.9% Q-o-Q

• Gross P&L gain from Security Receipts at INR 1,101 Crs for Q3FY25

Key Achievements/ Initiatives

▪

Launched YES Business powered by IRIS Biz by YES BANK to empower MSMEs and Businesses: a new age business banking app, with 100+ features, that provides a wide range of integrated solutions to both simplify and strengthen business operations

▪ RBI approved the appointment of Mr. Manish Jain as Executive Director (ED) of the Bank, effective December 11, 2024, further strengthening the Bank's leadership team

▪ Certified as ‘Great Place to Work®’ by Great Place to Work®, India, for the third consecutive year

▪

Launched ‘YES PowherUp’ in partnership with FICCI FLO– a specialised MSME programme designed to empower Women Entrepreneurs in scaling their businesses

Profit and Loss Statement

All figures in INR Crs

• Net Profit for Q3FY25 at INR 612 Crs up

164.5% Y-o-Y and 10.7% Q-o-Q

• Operating Profit at INR 1,079 Crs up 24.9%

Y-o-Y and 10.6% Q-o-Q

• Q3FY25 NII at INR 2,224 Crs up 10.2% Y-o-Y,

and 1.0% Q-o-Q

• NIM for Q3FY25 at 2.4% flat Y-o-Y and Q-o-Q

• Non-Interest Income at INR 1,512 Crs up

26.6% Y-o-Y and 7.5% Q-o-Q.

• Operating Costs at INR 2,657 Crs up 13.2%

Y-o-Y and 0.9% Q-o-Q. Ex- PSLC costs, Opex grew 12.9% Y-o-Y and only 0.6% Q-o-Q

• Provision Costs (non-tax) at INR 259 Crs

(0.2% of Assets- annualized) lower by 53.4% Y-o-Y and 12.9% Q-o-Q

•

Gross P&L gain from Security Receipts at INR 1,101 Crs for Q3FY25

Q3FY25Q2FY25Q3FY24Q-o-QY-o-YNet Interest Income2,224 2,200 2,017 1.0%10.2%Non Interest Income1,512 1,407 1,195 7.5%26.6%Total Income3,736 3,607 3,211 3.6%16.3%Operating Expenses2,657 2,632 2,347 0.9%13.2%Staff Cost1,004 1,008 911 -0.4%10.2%Other Operating Expenses1,653 1,624 1,437 1.8%15.0%Operating Profit/(Loss)1,079 975 864 10.6%24.9%Provisions259 297 555 -12.9%-53.4%Profit Before Tax820 678 309 21.0%165.2%Tax Expense208 125 78 66.3%167.3%Net Profit / (Loss)612 553 231 10.7%164.5%Yield on Advances10.1%10.2%10.1%Cost of Funds6.5%6.4%6.4%Cost of Deposits6.1%6.1%6.1%NIM2.4%2.4%2.4%Cost to income71.1%73.0%73.1%Profit and Loss Statement Quarter EndedGrowthBreak Up of Non-Interest Income

All figures in INR Crs

• Non-Interest Income for Q3FY25 at INR

1,512 Crs, up 26.6% Y-o-Y and 7.5% Q-o-Q

• Corporate Trade & Cash Mgmt. fees grew

25.6% Y-o-Y and 3.5% Q-o-Q in Q3FY25

• Retail Banking Fees up 17.7% Y-o-Y and

2.9% Q-o-Q in Q3FY25

•

Healthy product mix in Insurance Sales

22% Y-o-Y Growth in Retail Life

Insurance Premium

34% Y-o-Y growth in PMS AUM

62% Y-o-Y growth in CMS thruput

Q3FY25Q2FY25Q3FY24Q-o-QY-o-YNon Interest Income1,512 1,407 1,195 7.5%26.6%Corporate Trade & Cash Management269 260 214 3.5%25.6%Forex, Debt Capital Markets & Securities184 163 107 12.6%71.4%Investment gains & Treasury Income112 65 7 71.4%1495.1% Corporate Banking Fees71 61 71 17.6%1.1% Retail Banking Fees944 918 802 2.9%17.7%Trade & Remittance172 174 156 -1.4%9.9%Facility/Processing Fee163 193 133 -15.5%22.6%Third Party Sales 169 223 172 -24.1%-1.6%Interchange Income197 138 170 43.1%16.3%General Banking Fees243 190 172 28.0%41.6%Break up of Non Interest IncomeQuarter EndedGrowth Break up of Operating Expenses

All figures in INR Crs

• Operating Costs at INR 2,657 Crs up 13.2%

Y-o-Y and 0.9% Q-o-Q.

• Ex- PSLC costs, Opex grew 12.9% Y-o-Y and

only 0.6% Q-o-Q

• Professional fees up 34.3% Y-o-Y, driven primarily by higher collections charges and partnerships related costs

• Others: Include PSLC Cost of INR 86 Crs

during the quarter v/s. INR 71 Crs in Q3FY24 and INR 78 Crs in Q2FY25

Professional Fees primarily comprise of Bureau costs and vendor fees related to Collections, Contact Centre and other consulting and legal costs

Q3FY25Q2FY25Q3FY24Q-o-QY-o-YStaff1,004 1,008 911 -0.4%10.2%Business Volume Linked458 452 452 1.2%1.2%IT317 300 273 5.6%16.0%Premises257 259 232 -0.7%10.7%Professional Fees355 348 264 2.0%34.3%Others266 265 216 0.4%23.2%of which PSLC86 78 71 10.7%20.5%Total Opex2,657 2,632 2,347 0.9%13.2%Break up of Operating ExpensesQuarter EndedGrowthProvisions and P&L

All figures in INR Crs

• Provision cost for Q3FY25 down 26.2% Y-o-Y

•

Non-Tax provisions lower by 53.4% Y-o- Y and 12.9% Q-o-Q

• Gross Slippages for Q3FY25 at INR 1,348 Crs (2.2% of Advances) v/s. INR 1,233 Crs (2.3% of Advances) in Q3FY24 & INR 1,314 Crs (2.2% of Advances) in Q2FY25

• Provisions for Investments include:

•

Gross recoveries from Security Receipts at INR 1,189 Crs in Q3FY25 resulting into Gross P&L gain of INR 1,101 Crs

Step-up in provisions in SRs resulting into Net Carrying Value of only INR 233 Crs v/s. INR 843 Crs in Q2FY25 and INR 1,714 Crs in Q3FY24 and

• Resolution momentum continues to be strong with Total Recoveries & Upgrades for Q3FY25 at INR 1,843 Crs. 9MFY25 cumulative recoveries and resolutions at INR 4,443 Crs

• NNPA + net carrying value of SR as % of

Advances at 0.6% v/s. 1.7% in Q3FY24 and 0.9% in Q2FY25

NM = Not Measurable

Q3FY25Q2FY25Q3FY24Q-o-QY-o-YOperating Profit/(Loss)1,079 975 864 10.6%24.9%Provision for Taxation208 125 78 66.3%167.3%Provision for Investments (591)(256)167 130.8%NMProvision for Standard Advances & Others80 (131)(69)NMNMProvision for Non Performing Advances769 684 457 12.4%68.3%Total Provisions467 422 633 10.5%-26.2%Net Profit / (Loss)612 553 231 10.7%164.5%Return on Assets (annualized)0.6%0.5%0.2%Return on Equity (annualized)5.2%4.9%2.2%Earnings per share-basic (non-annualized) 0.200.180.08Break up of ProvisionsQuarter EndedGrowthBalance Sheet

All figures in INR Crs

• Balance Sheet grew 8.7% Y-o-Y

• Advances growth at 12.6% Y-o-Y

• Growth momentum sustains in Deposits at

14.6% Y-o-Y

• C/D ratio at 88.3% v/s. 89.9% in Q3FY24

and 84.8% in Q2FY25

• Disbursements of INR 25,256 Crs in Q3FY25

Disbursements

Q3FY25

Retail Assets

Rural Assets

SME 1

Mid Corporate

Corporate

7,989

947

8,839

1,425

6,056

1 Includes sanctions/ limit set-ups

Balance Sheet31-Dec-2430-Sep-2431-Dec-23Q-o-Q %Y-o-Y % Assets 413,607418,092380,391-1.1%8.7%Advances244,834235,117217,5234.1%12.6%Investments81,84385,59979,333-4.4%3.2% Liabilities 413,607418,092380,391-1.1%8.7%Shareholders Funds46,94146,40741,6841.2%12.6%Total Capital Funds47,57747,66744,269-0.2%7.5%Deposits277,224277,214241,8310.0%14.6%Borrowings69,75878,31079,381-10.9%-12.1%Break up of Deposits31-Dec-2430-Sep-2431-Dec-23Q-o-Q %Y-o-Y %CASA91,65088,60171,7493.4%27.7%Current Account 39,60540,93832,695-3.3%21.1%Savings Account52,04547,66339,0549.2%33.3%CASA Ratio33.1%32.0%29.7%Term Deposits185,574188,613170,082-1.6%9.1%Certificate of Deposits - - - NMNMTotal Deposits277,224277,214241,8310.0%14.6%Break up of Advances & Deposits

All figures in INR Crs

• SME Advances up 26.7% Y-o-Y; Mid Corporate Advances up 26.7% Y-o-Y

• Corporate Advances up 26.8% Y-o-Y and

7.6% Q-o-Q

• Strategic slowdown in Retail Assets growth

with focus on Profitability improvement

• CASA + Retail TDs1 at 62.6%

• Avg. daily CA for Q3FY25 grew 22.1% Y-o-Y

• Avg. daily SA for Q3FY25 up 32.1% Y-o-Y

and 9.0% Q-o-Q

• Retail CASA Accounts opened: ~314K in

Q3FY25

1 Based on Balances </= INR 3 Crs on an Account Level; 2 Excluding Certificate of Deposits; basis internal business segmentation

Segmental Break up of Deposits31-Dec-2430-Sep-2431-Dec-23Q-o-Q %Y-o-Y %Retail & Branch Banking led Deposits161,789153,715132,8215.3%21.8%Retail & Branch Banking CASA Ratio39.8%37.3%35.7%Other Deposits115,435123,500109,010-6.5%5.9%Other CASA Ratio23.6%25.3%22.3%Total Deposits277,224277,214241,8310.0%14.6%Segmental Break up of Advances31-Dec-2430-Sep-2431-Dec-23Q-o-Q %Y-o-Y %Retail99,805100,424103,086-0.6%-3.2%SME41,99138,98233,1417.7%26.7%Mid corporate39,60236,76531,2637.7%26.7%Corporate63,43558,94650,0327.6%26.8%Total Net Advances244,834235,117217,5234.1%12.6%Break up of Investments

All figures in INR Crs

•

Total Net Investments at INR 81,843 Crs

•

SLR – INR 71,424 Crs

Non SLR – INR 10,419 Crs

• Standard Performing- INR 7,497 Crs:

99.9% Rated AA and above

• Security Receipts- INR 233 Crs

• Others1- INR 2,689 Crs

Investments Breakup

SLR 86.7%

NSLR 13.3%

HTM 0.7%

AFS 6.7%

HFT 4.5%

FVTPL 1.1%

SUBSI 0.3%

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

NPA Highlights

All figures in INR Crs

• GNPA Ratio at 1.6% in Q3FY25 flat Q-o-Q

and down 40 bps Y-o-Y

• NNPA Ratio at 0.5% v/s. 0.9% in Q3FY24

and 0.5% in Q2FY25

• Gross Slippages for Q3FY25 at INR 1,348

Crs (2.2% of Advances) v/s. INR 1,233 Crs

(2.3% of Advances) in Q3FY24 & INR 1,314

Crs (2.2% of Advances) in Q2FY25

•

Retail Gross Slippages for Q3FY25 flat

Q-o-Q at INR 1,174 Crs v/s. INR 1,179

Crs in Q2FY25

1 Opening Balance includes the impact of for Inter- segment movement of Products and Customers during the quarter

30-Sep-2431-Dec-24OpeningAdditionsUpgradesRecoveriesWrite OffsClosingRetail2,0691,1741951217002,226SME564136593111600Mid corporate4753017086402Corporate78191540735Total3,8891,3482722067973,963MovementMovement of GNPAGNPA(%)GNPA(%)GNPA(%)Retail2,226 2.2%2,067 2.0%1,628 1.6%SME600 1.4%566 1.4%458 1.4%Mid corporate402 1.0%475 1.3%215 0.7%Corporate Banking735 1.1%781 1.3%2,156 4.2%Total3,963 1.6%3,889 1.6%4,457 2.0%31-Dec-23Segmental GNPA31-Dec-2430-Sep-24 Asset Quality ParametersGross NPA (%)Net NPA (%)Provision Coverage Ratio excl. Technical W/O (%)Provision Coverage Ratio incl. Technical W/O (%)82.4%81.5%71.9%0.5%70.0%31-Dec-232.0%0.9%56.6%31-Dec-2430-Sep-241.6%0.5%71.2%1.6%Summary of Labelled & Overdue Exposures

All figures in INR Crs

• Slippages of INR 5 Crs in Q3FY25 from Standard Restructured Advances pool of Q2FY25

• Recovery and Repayments from Standard

Restructured accounts amounted to INR 216 Crs

• Recoveries from Security Receipts during the quarter aggregated to INR 1,189 Crs

•

Provision Coverage on Security Receipts at 94.9%

• Overdue book of 31-90 days at INR 3,980 Crs from INR 4,379 Crs in Q3FY24 and INR 3,762 Crs in Q2FY25

•

Rise in 61-90 days Overdue balances in Retail Segment, largely driven by Rural Portfolio

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

GrossProvisionsGrossProvisionsGrossProvisionsNPA3,9632,8213,8892,7214,4572,523Other Non Performing Exposures5,5654,6076,2704,7107,5025,005NFB of NPA accounts908183898181987204NPI73738585122122Security Reciepts4,5844,3515,2874,4446,3934,679Total Non Performing Exposures9,5287,42810,1597,43211,9597,528Technical Write-Off2,5172,5172,4322,4322,4302,430Provision Coverage incl. Technical W/O 82.6%78.3%69.2%Std. Restructured Advances1,9281382,1251413,958394Erstwhile11211426749DCCO related1,585791,769881,22361MSME73966839340Covid25948278412,075243Other Std. exposures117411294533311561-90 days overdue loans2,1161,8662,051Of which Retail1,3521,12194331-60 days overdue loans1,8641,8962,327Of which Retail1,6371,6611,26130-Sep-2431-Dec-2331-Dec-24ParticularsCET 1 Ratio at 13.3%1

Bank’s Capital Adequacy Ratio 1

15.9%

16.1%

16.3%

RWA to Total Assets at 72.3% vs.

CET I Q-o-Q Movement in Q3FY25

CRAR

71.2% in Q3FY24 and 70.7% in

Q2FY25. Q-o-Q Increase led by

reduction in balances of Deposits

placed in lieu of PSL Shortfalls.

1 Includes Profits

13.3%13.2%12.6%2.6%2.9%3.7%31-Dec-2430-Sep-2431-Dec-23TIER IICET 1Contents

Overview

Financial Results- Q3FY25

YES BANK Franchise

Retail Bank: Full spectrum retail bank growing with strong momentum

All figures in INR Crs

Growth calibration in Retail Advances 1

Pan-India presence via 1,247 branches, 222 BC banking outlets and 1,326 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)

72% of branches in Top 200 deposit centers

~90% of transactions via digital channels

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

As % of total advances

47%

46%

44%

43%

41%

Strong growth sustains in Retail & Branch Banking led Deposits

+22% Y-o-Y

As % of total deposits

55%

53%

54%

55%

58%

In addition, continued momentum within Retail Fee Income

+18% Y-o-Y

1 Basis Internal Business Segmentation; excludes SME Advances

132,821 141,523 142,452 153,715 161,789 Q3FY24Q4FY24Q1FY25Q2FY25Q3FY258021,125843918944Q3FY24Q4FY24Q1FY25Q2FY25Q3FY25103,086105,103101,781100,42499,805Q3FY24Q4FY24Q1FY25Q2FY25Q3FY25 Branch Banking: Expanding Footprint, Enhanced Digital Cross Sell & Growth in Granular Deposits

All figures in INR Crs

Branch Network

Branches

BCBO

Assisted Digital Onboarding

Digital Journeys for seamless Customer Acquisition, Servicing & Cross sell

1,391

193

1,453

219

1,451

219

1,458

221

1,469

222

1,198

1,234

1,232

1,237

1,247

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Strong momentum in Granular Deposits

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

%Total deposits

+11% Y-o-Y

125,263

124,889

118,221

118,269

112,445

46.5%

Q3FY24

44.4%

Q4FY24

44.6%

45.2%

45.0%

Q1FY25

Q2FY25

Q3FY25

Current & Savings Account Onboarding

Servicing & Cross Sell

• ~96% Individual SA opened digitally with ~60% Savings accounts instantly

activated

• ~95% Eligible CA accounts opened digitally with ~50% accounts activated

within 4 hours

•

Instant A/c Activation extended to Corporate Salary Accounts

• Data backed Product Recommender - Auto fetch profile information from GST for KYC validation. Right product recommendation in real time for New to Bank CA

Digital Co-origination enabled across CA & SA onboarding

• Co-sourcing of Insurance products with SA in a single journey

• Co-origination of POS along with CA for Sole Proprietor in a single journey

DIY (Do It Yourself) Digital Onboarding

• New screens for quick & improved customer experience in DIY SA journey

Servicing

• Over 226 unique service journeys available on digital applications

• 131 on “IRIS by YES Bank” – Bank’s newest Digital app • 191 on YES Online – Internet Banking Platform • 90 on YES Robot • 64 on WhatsApp Banking

Cross Sell • End-to-end digital journeys for FD, RD, Credit card, MF, SGB, RE-KYC, insurance, IPOs, Card upgrades & quick loans, tax payments, Digital saving accounts, virtual gift cards, Government schemes, card transactions to EMI and Personal Loans

•

Journeys available across DIY / Assisted

Retail Assets: Focus on Profitability enhancement

All figures in INR Crs

Retail Banking asset disbursements1: Calibration in Product & Sourcing mix

Diversified retail book2

9,769

9,517

7,517

8,047

7,989

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Differential growth across products- targeted at profitability improvement (Y-o-Y)

Differential growth across products- (9M Growth)

Y-o-Y Growth (Key Products)

39.2%

32.4%

14.4%

19.5%

4.3%

8.3%

10.2%

13.9%

2.0%

9.5%

9M Growth (Q3FY25 v/s. FY24)

24.9%

13.4%

15.3%

2.7%

1.3%

4.2%

-12.2%

-9.0%

-6.1%

Secured Business Loans

Personal Loans

Home Loans

-23.3% CV Loans Auto Loans Affordable

Credit Cards

CE Loans Used Car

Loans

Rural Banking

Business Loans

ISB

-10.6%

-8.3%

-19.7%

-5.7%

Secured Business Loans

Personal Loans

Home Loans

CV Loans

Auto Loans

Affordable HL

Credit Cards

CE Loans Used Car

Loans

Rural Banking

Business Loans

ISB

1 Excludes Rural Banking Assets, Credit Cards and Inclusive & Social Banking, 2 Split basis gross retail advances

16%14%14%9%8%7%7%6%6%5%3%2%3%Secured Business LoansPersonal LoansHome LoansCommercial Vehicle LoansAuto LoansCredit CardsAffordable Home LoansConstruction Equipment LoansUsed Car LoansRural BankingBusiness LoansInclusive & Social BankingOthersRural Assets Deepening the penetration in emerging rural markets & generating Agri PSL

All figures in INR Crs

Business originations

1,126

1,182

963

984

947

Robust Farmer financing and Women Microfinance book

▪ High quality farmer financing book with NPA of 1.9%

▪ The NPA for Women Microfinance Borrowers portfolio stands at 3.8%

▪ Well diversified farmer financing book with small, medium and large ticket size loans

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

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

monitoring team

•

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

Profitability Drivers supported by in-depth analytics

Book Split (value) by segments

25%

75%

Book size : INR 7,215 Cr

▪ Diversified portfolio across ~230 districts in 18 states

▪ Long standing relationship with credible BC partners

•

New LOS and LMS along with important features such as eKYC, integrated BRE with instant result, eSIGN and direct disbursement will help in improving the efficiency and productivity resulting in overall 20% increase in conversion rate (sourcing to Disbursement)

Analysis on the industry wide data for analyzing business trends, portfolio quality and competitive bench-marking through credit bureau data at pin code level

Periodic analysis of SRO (MFIN) reports

Farmer financing (KCC + Farm Mechanization)

Women Microfinance

1 Excluding a business unit which lends to Microfinance institutions, as it has been internally transferred to Wholesale Banking Segment

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

30,979

33,142

35,327

37,147

YoY growth: 26.7% QoQ Growth: 7.7%

38,982

41,991

19%

10%

Working Capital & Term Loan

Channel Finance

Commodity Finance

Non Fund Facilities

69%

Q2FY24

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

• Healthy Book : GNPA 1.4% of Fund Book

SME Portfolio Granularity (Customers)

Exposure Split by Ticket Size (By customers(#))

15%

14%

16%

46%

0 - 0.5 Cr

0.5 - 1 Cr

1 - 2 Cr

2 - 5 Cr

5 -10 Cr

> 10 Cr

Healthy mix of Non-Fund book at ~19%

Growth avenues, Digitization & product innovation

• YES Business & IRIS Biz App : Launch of MSME dedicated Net-banking & Mobile app for integrated

financial management, Digi Loan A/c application, insights & user-friendly interface

• Supply Chain LOS : Launch of Digital Origination System for sourcing Channel Finance customers

• Digi OD enrichment : Sourcing for ETB Customers (pre-approved) launched alongwith NTB sourcing

for Unsecured OD

• Yes PowherUP : Launch of comprehensive MSME Program curated specifically for Women

Entrepreneurs to scale their business

• Service Desk : Enhanced with Financial Services (RTGS/NEFT, FD Booking etc.) easing RM

bandwidth

Credit Cards: Strong business growth and enhanced customer experience

Sustained Strong Growth in Cards, Book Size & Card Spends

Growth in Acquisition and Cross sell

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

1,337

3,159

4,224

1,820

55.2% Y-o-Y

57.3% Y-o-Y

4,969

6,557

2,465

41.5% Y-o-Y

39.2% Y-o-Y

9,275

6,918

Q3FY23

Q3FY24

Q3FY25

Product and Portfolio Engagement

▪ Recorded highest ever UPI spends of INR 1,800+ Crs in Q3 FY25. 45%

growth over Q2 FY25

▪ Online spends continues to contribute 49% of the total retail spends.

▪ Highest ever digital channels’ contribution in post-purchase and loan

products at 59% for Q3 FY25

▪ Steady growth in new card acquisition leading to 35% YoY growth in customer base

to reach ~2.46 million base.

▪

Internal Branch and Asset Cross Sell channel contribute 48% of the acquisition.

▪ Highest ever Spends of INR 9,275 Crs in Q3 FY25. 41.5% YoY growth over Q3 FY24

▪ Book size of INR 6,918 Cr at end of Q3 FY25. 39.2% YoY growth over Q3 FY24

▪

Distribution Outreach and Digitization

89% of unique CC customers are now registered and active on IRIS by YES.

Digital contribution in new card acquisition at 98% for Q3 FY25

Wholesale Banking Covering diverse Client Segments with deep Product Expertise

Client Segments

Indian Scheduled Commercial & Cooperative 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

Foreign owned MNCs operating in India

Multinational Corporates

Government Banking

Central & State Government Public Sector Undertakings

Indian Corporates with turnover of more than 1500 Crs

Large Corporates

Trade Finance, Cash Management, Custody, Bullion, Remittance & Supply Chain Finance

Transaction Banking

Corporate

Wholesale Banking

Mid Corporates

Mid Size Corporates with turnover 100 - 1500 Crs & New Age businesses

Knowledge Banking

Business Economics Banking, Food & Agri Strategic Advisory & Research, Corporate & Government Advisory

Product Units

Long Project Term Financing with ring-fenced cash flows

Project Finance

IFSC Banking Unit

Offshore product offerings through IBU at GIFT City, Gandhinagar

Underwrite & syndicate/ sell down to lower holds

Fx & Derivative Sales , DCM, Balance Sheet Management, Trading

Loan Syndication

Financial Markets

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

Wholesale Banking Business (1)

All figures in INR Crs

Corporate Book

Providing tailored solutions to clients across business segments

Funded O/S

Non-Funded O/S

Mid Corporate Book

Funded O/S

Non-Funded O/S

Large Corporates

Indian Financial Institutions

International Financial Institutions

Government Entities

Multinational Corporates

Mid Corporates

•

Team of 184 Relationship Bankers in 10 cities

Focus on providing wide suite of banking products to develop and maintain core bank status

Team of 62 Relationship Bankers covering Indian Financial Institutions and financial sector entities

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

Partnership with International DFI, Banks and Exchange Houses

Facilitate cross border business including trade and personal remittances

Team of 79 Relationship Bankers spread across 36 locations

Coverage of Government(s) and Administered Institutions with Comprehensive Financial and Digital solutions expertise

Team of 42 Relationship Bankers spread across 8 locations

Granular advances growth with focus on trade/cash/FX solutioning

Team of 312 Relationship Bankers with a strong coverage with presence in 37 key cities. Building Granular portfolio with a focus on knowledge banking

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

13,24214,65615,50616,43717,532Q3FY24Q4FY24Q1FY25Q2FY25Q3FY2531,26334,39334,30936,76539,60262,55966,76867,23572,16872,277Q3FY24Q4FY24Q1FY25Q2FY25Q3FY2550,02952,96656,32858,94663,434Wholesale Banking Business (2) Building sustainable Liability Book

• Alignment with Govt strategy & fund flow to focus on implementing

agencies

•

Local Bodies, Development Authorities, Smart Cities & Agricultural Bodies

• E-Tendering, E-Procurement, E-Governance (G2C) • Strategic Projects : SNA, GeM, PFMS2.0

Government Banking

Corporate Solutioning

Liquidity Mgmt. for Large and Mid-Corporates

• • Exporter Accounts • Real Estate – RERA • TASC – Education Institutions, Hospitals and PF Trusts

Follow the money (Inorganic acquisition)

• • Mainstreaming Corporate Supply Chain •

Lifecycle Banking – Comprehensive Product Suite for clients Influencer Strategy eg. PE, VC, Fintechs.

•

Ecosystem Banking

CASA Multipliers

Liability Client Segments

Fintech & Ecommerce Co-operative Banks X-Border : Exchange Houses / MTOs / PA-CB Financial Institutions – Insurance, MF

• • • • • Multinational (MNC) client segment

• Custody Fund Accounting for MF, AIF, PMS clients • Escrow structures for Fintech ecosystem and NBFCs • Settlement accounts for Banks, SMBs, Exchanges etc. • CSGL, PCM • Capital Market Ecosystem – Brokers–POA–BTI link

Fiduciary Services & Capital Markets

API / Connected Banking

• • • •

Bank as a Payment Aggregator Banking as a Service – Connected Banking Banking as a Platform – Yes Connect Digital - Onboarding, Transacting, Servicing & Governance

Large 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.

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 with superior and customized Digital & Transactional banking solutions for Financial Institutions

PSL focus by lending to MFIs

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

Presence across all key locations Pan-India

International Banking

Accessing International Market

•

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

Banking with the

world

Providing access to international markets for availing financing, trade services and remittance solutions

Partnership & Tie- ups

Extensive network of International Banks, Multilateral Financial Institutions and Money Transfer Operators

Leveraging digital capabilities

Extending digital infrastructure to support trade transaction flows

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

Regulatory & Compliance

International business with a regulatory and compliance focus

Trade & Treasury

Remittances

Borrowings

•

Limits enablement to undertake trade / treasury businesses

• Capitalising the Digital strength of the bank for increasing wallet share of payments routed under RDA

• Vostro / Special Rupee Vostro Accounts

• Term borrowings from MFIs and Banks

Government Banking

Partnering Government for settlement & disbursement

•

Central Ministries

State Governments - Government Fund Flow Management

Local Governments – Urban Local Bodies, Districts & Panchayat

Competitive advantage

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

Government

• Government Agency Business – Central & State Government(s)

Performance & delivery

Quick Turnaround in Solution Identification, Customization & Implementation

•

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)

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

Special Projects – Projects funded by Multilaterals

Administered Institutions

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, Electric Mobility, Solid Waste Management and Start – up Incubation through CGA and FASAR

People

Partnership

Product

Knowledge

Disburse

E -Governance

Presence of GB Team in 36

Locations and amplified by

Branch led sourcing of

Govt Accounts at All YBL

Branches pan-India

Relationship Mgmt. from

Central & State

Innovative Bank Owned

Government, Local &

Solutions Digitization at

Quasi government, CPSUs

the core

& state development

authorities

Knowledge engagement in

Urban Infrastructure

including e-Mobility & Start-

up Incubation through

CGA1 and Agriculture &

Allied Sectors through

FASAR2

Settlement Banker to

One-stop solution for a

central & state government

wide range of government

initiatives

sector services

1 CGA: Corporate & Government Advisory 2 FASAR: Food & Agribusiness Strategic Advisory & Research

Multinational Corporates

Focused Banking for every stage of Multinational Growth

• • •

Marquee MNCs

Growth MNCs

New Entrants

Preferred Local Country Bank Supply chain financing Salary Account, Credit Cards, digital transactions

Primary Banker Asset led liabilities Trade led FX flows

Lifecycle Banking Solution oriented approach for liabilities FDI Inflows

Digital stack

Extending YES Bank digital Stack to enable seamless banking

Pan-India coverage & delivery

Core Coverage MNC dominant location with Service and Digital capabilities matching global standards

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

Partnerships & tie- ups

Regulatory & business facilitation advisory to trade bodies/consultants/consulates towards acquisition and revenue generation

Technology Banking

Liabilities

Ecosystem Banking

Knowledge Banking

• • • •

Automation and Digitization of Processes Bespoke CMS and Digital Banking offerings Beyond Banking – Partner Solutions Sachetization of Solutions

• • • •

India Business facilitation advisory Strategic investment & merchant banking advisory Treasury, FX & Risk Management Trade & Supply Chain Finance

•

• •

Advisory on FEMA, Capital markets, international trade Fiduciary Services Dedicated advisory unit with focus on Food & Agri, Electric Vehicles, Electronics, Urban Infrastructure

Project Finance Business & Loan Syndication

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

Sectoral Knowledge

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 headwinds & tailwinds 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, Gandhinagar, Gujarat is the only International Financial Services Centre in India. One of the key strategic focus areas for the Government and recognized as the gateway for financial and investment activities helping onshoring the offshore funds

YES Bank was the First Bank to commence operations in IFSC

• Offers comprehensive FCY products helping the bank complete its Wholesale & Retail product bouquet, increasing Banks wallet share and deepening of the relationships

• Helps raising 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 governed and supervised by

the Board appointed Governing Body (GB)

• Target growth book

lending secondary market participation loans & bonds

in through

the overseas primary/ in

• Entry into Indian corporates through

overseas offerings

• FCY liability garnering through NRIs/ Corporates/ MNCs/ Units in IFSC

• Diversifying

resource base and reduce cost of funding leading to better NIMs

• Offer funded and non-funded product suite by capturing business otherwise going to overseas banks Increased cross-border remittances for growth of trade throughput & forex revenues

•

• Enhanced treasury product suite with multiple currency & derivate offerings • Clearing & Settlement bank for INDIA

INX

• Collateral Banking Services

exchange participants

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

Business Economics Banking (BEB), 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

Branding & mindshare capture through thought leadership events / media presence

Industry connect through knowledge reports on key macro and sectoral themes

Financial Markets Customised solutions for clients

FX Sales

Debt Capital Markets & PD

Experienced sales team

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

Corporates

NBFCs & FIs

Banks

InvITs

>15 yrs

5-15 yrs

<5 yrs

39%

47%

14%

Exotics

FX and Interest Rates Swaps

Remittances

Full Product Suite

FX Options

Currency Notes Imports

Forwards

Dedicated experienced product sales managers providing structured hedging solutions

Pan India Presence through sales centres

Active FX desk for providing best in class pricing for customer transactions

YesFX

Yes FxOnline

CCIL FX Retail Platform

Digital platforms across client segments

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

Jewellery Mftg

Jewellery Exporters

India Silver conference excellence awardee of 2024

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

Rekha Murthy Independent Director

Sanjay Kumar Khemani Independent Director

Nandita Gurjar Independent Director

Sadashiv Srinivas Rao Independent Director

Sandeep Tewari Nominee Director appointed by SBI

Thekepat Keshav Kumar Nominee Director appointed by SBI

Shweta Jalan1 Non- Executive Director

1 Non-Executive– Nominee of Verventa Holdings Limited

Prashant Kumar Managing Director & CEO

Rajan Pental Executive Director

Manish Jain Executive Director

Professional and Seasoned Management team

Prashant Kumar Managing Director & CEO, YES Bank

Santosh Mishra Business Head – PSL & Microfinance

Niranjan Banodkar Chief Financial Officer

Rajan Pental Executive Director

Manish Jain Executive Director

Abhishek Kumar National Head – Stressed Asset Management

Pankaj Sharma Chief Strategy & Transformation Officer

Rajat Chhalani3 Chief Compliance Officer

Kapil Juneja3 Chief Internal Auditor

Archana Shiroor Chief Human Resources Officer

Rakesh Arya Chief Credit Risk Officer

Binu Soman Chief Vigilance Officer

Shivanand R. Shettigar1 Company Secretary

Tushar Patankar2 Chief Risk Officer

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

Dheeraj Sanghi Country Head – Branch & Affluent Banking

Akshay Sapru Country Head – Private Banking & Liabilities Products & Spectrum Banking Business

Sanjiv Roy Country Head – Fee Based Products & Service Experience

Sumit Bali Country Head - Retail Assets and Debt Management

Dhavan Shah Country Head – Small Medium Enterprises Banking

Anil Singh Country Head – Credit Cards and Merchant Acquiring

Sachin Raut Chief Operating Officer

Mahesh Ramamoorthy Chief Information Officer

Nipun Kaushal Chief Marketing Officer and Head CSR

Gaurav Goel Country Head - Emerging Local Corporates & Indian Financial Institution Banking

Ajay Rajan Country Head – Government, Multinational & International Business, Transaction Banking & Knowledge Units

Parminder Singh Zonal Head - Large Corporates North, East & South

Mehul Desai Zonal Head - Large Corporates West

Nirav Dalal Country Head - Financial Markets

Indranil Pan Chief Economist

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

Leadership Development

Knowledge Management

•

Employees in Grades G1 to G3 have an average vintage of ~9 years within the Bank combined with acquisition of top talent from the industry.

• MAESTRO, a strategic talent management initiative aimed at the development of key senior level talent in the Bank has been launched. The MAESTRO journey includes assessment centers, 360-degree feedback processes and customized developmental journeys.

Grades2

Q3FY251

Average Vintage (in years)

•

The Credit Assessment and Risk Management (CARM) Program: A specialized workshop designed to equip Leaders in the SME Banking with essential tools and identifying macroeconomic indicators impacting lending decisions and enhancing underwriting skills to mitigate associated risks.

IRIS BIZ: To reinforce the Bank’s focus on digitalization, live digital training sessions were conducted and these sessions focused on ‘IRIS Biz a new MSME platform designed to strengthen the Bank's value proposition to its Business Banking customers.

Prevention of Sexual Harassment Workshop: The Bank conducted its annual refresher workshop on Prevention of Sexual Harassment at Workplace (POSH) for Internal Committee members, reinforcing its commitment to fostering a safe and inclusive workplace culture.

G1 to G3

333

G4 to G6

3,749

DEI Initiatives

• Unconscious Bias Programs: As part of DEI initiatives, Unconscious Bias workshops were conducted which aimed at cultivating awareness amongst participants to recognize, reflect and reduce the impact of biases on people decisions and to promote more equitable as well as inclusive behaviors at workplace.

G7 to G12

•

Jombay’s 1000 Women Leaders program: The program began with 20 select women leaders, 4 of whom made it to the 10% club and emerged as winners from YES BANK among all partnering sectors and corporates.

Total

24,910

28,992

Employee Engagement

•

Physical and mental well-being: The Bank continued its focus on employee’s well-being through regular Yoga classes (The Swasthya Studio) and sessions on sound healing.

Total headcount of 28,995 with a net addition of 994 staff over the headcount of March 31, 2024

Employees participated in various sports events like the Corporate Soccer Championship, Inter-Corporate Football/ Table Tennis/ Volleyball, which fostered teamwork and active engagement.

1 Data as on December 31, 2024 2 The data excludes MD & CEO and Executive Director

In celebration of World Mental Health Day, insightful webinars featuring sessions like ‘Mindfulness for Anxiety’ and ‘Reiki Workshop’ were conducted.

Strong Investor base

Well diversified Investor base:

Shareholding Pattern as on December 31, 2024

Yes Bank Limited has informed the Exchange regarding a press release dated January 25, 2025, titled "Press Release and Investor Presentation on the Financial Results for the Quarter (Q3) ended on Dece...

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