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Private-sector Indian bank that underwent a 2020 government-led rescue/reconstruction after a major asset-quality crisis, now rebuilding its retail franchise.
Private-sector Indian bank that underwent a 2020 government-led rescue/reconstruction after a major asset-quality crisis, now rebuilding its retail franchise.
Earns the gap between interest on loans and the cost of deposits, plus fees, and is rebuilding by growing low-cost current and savings deposits and lending to retail and small-business clients. State Bank of India led the 2020 rescue and remains the largest shareholder; Japan's SMBC agreed in 2025 to take a large stake.
Moat: none. Still rebuilding trust and franchise strength after its 2020 crisis and reconstruction; limited durable competitive advantage today.
Headquarters: Mumbai, India · Founded: 2004 · Employees: 29,577
Size Yes Bank (YESBANK.NS) is an India Financials company (Major Banks) with a market value of $5.72B, the 194th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹17.20 on 6 Nov 2026.
Performance Over six months the shares fell 23.6%, against +6.4% for the median peer and 0.0% for the India market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 5.0% over the last twelve months (peer median +6.5%); the operating margin is 29.6% (peer median 37.9%).
Valuation It trades at 1.01× book value against a peer median of 1.31× (8th cheapest of 21).
Price implies The share price implies a return on equity of about 15.3%; Yes Bank delivers 8.2%, so the price asks more than the business earns today.
Next results Next results expected around 18 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹393B | ₹373B | ₹371B | ₹329B | ₹268B |
| Revenue growth | — | +1% | +13% | +23% | — |
| Net income | ₹41.9B | ₹35.1B | ₹24.5B | ₹12.9B | ₹7.36B |
| Free cash flow | n/a | ₹141B | ₹121B | -₹106B | -₹105B |
| Capital expenditure | n/a | ₹7.39B | ₹7.42B | ₹9.81B | ₹7.92B |
| Total debt | ₹784B | ₹745B | ₹812B | ₹912B | ₹891B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Yes Bank YESBANK.NS | $5.72B | -24% | +5% | 8% | 1.01× | 15.3% |
| IndusInd Bank INDUSINDBK.NS | $7.48B | -4% | -2% | 5% | 1.04× | 17.8% |
| RBL Bank RBLBANK.NS | $6.21B | +10% | +9% | 4% | 1.35× | 23.1% |
| IDFC First Bank IDFCFIRSTB.NS | $7.05B | +10% | +13% | 6% | 1.35× | 24.3% |
| Axis Bank AXISBANK.NS | $43.6B | +2% | +7% | 14% | 1.78× | 25.1% |
| Federal Bank Ltd. (India) FEDERALBNK.NS | $8.81B | +14% | +11% | 13% | 1.97× | 27.7% |
| Bandhan Bank BANDHANBNK.NS | $2.83B | -21% | +1% | 7% | 1.00× | 14.9% |
| Kotak Mahindra Bank KOTAKBANK.NS | $50.5B | +27% | +12% | 12% | 2.45× | 29.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | YESBANK.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.3% | +1.9% | 2nd lowest of 21 |
| 6-month return | -23.6% | +6.4% | lowest of 21 |
| Return on equity | 8.2% | 10.2% | 7th lowest of 21 |
| Price / book | 1.01× | 1.31× | 8th cheapest of 21 |
| Trailing P/E | 13.0× | 11.2× | 7th most expensive of 21 |
| ROE the price implies | 15.3% | 11.9% | 8th most demanding of 19 |
| ROE delivered | 8.2% | 10.2% | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Yes Bank YESBANK.NS | India | $5.72B | -24% | +5% | 8% | 1.01× | 15.3% | 8.2% |
| Associated Banc-Corp ASB | United States | $5.64B | +6% | +23% | 10% | 1.07× | 9.3% | 10.2% |
| Bank of East Asia 0023.HK | Hong Kong | $6.03B | +27% | -9% | 3% | 0.44× | 5.2% | 3.2% |
| Grupo Aval Acciones y Valores SA Sponsored ADR Pfd AVAL | United States | $5.29B | -5% | +15% | 11% | 0.95× | 7.8% | 10.8% |
| RBL Bank RBLBANK.NS | India | $6.21B | +10% | +9% | 4% | 1.35× | 23.1% | 4.0% |
| Axos Financial AX | United States | $5.26B | +7% | +18% | 17% | 1.60× | 16.5% | 16.7% |
| Indian Overseas Bank IOB.NS | India | $6.23B | -13% | +14% | 18% | 1.46× | 17.2% | 17.9% |
| St.Galler Kantonalbank SGKN.SW | Switzerland | $5.22B | +19% | -13% | 8% | 1.37× | n/a | 7.6% |
| F.N.B FNB | United States | $6.28B | 0% | +2% | 9% | 0.92× | 8.9% | 9.0% |
| Bank of Chongqing 601963.SS | China | $5.13B | +7% | +5% | 10% | 0.65× | 3.0% | 9.8% |
| Bank of India BANKINDIA.NS | India | $6.68B | -1% | +9% | 14% | 0.67× | 12.5% | 14.1% |
| 77 Bank 8341.T | Japan | $4.66B | +7% | +21% | 9% | 0.95× | 5.9% | 9.4% |
| Bank of Maharashtra MAHABANK.NS | India | $7.08B | +2% | +17% | 23% | 1.79× | 26.2% | 23.3% |
| Fulton Financial FULT | United States | $4.54B | +11% | +3% | 12% | 1.29× | 10.5% | 11.6% |
| Banco Macro SA Sponsored ADR BMA | United States | $4.53B | -21% | +4% | 7% | 0.87× | 11.3% | 7.5% |
| Lion Finance BGEO.L | United Kingdom | $7.39B | +20% | +19% | 27% | 1.89× | 21.1% | 27.3% |
| Liechtensteinische Landesbank LLBN.SW | Switzerland | $4.40B | +24% | -2% | 8% | 1.48× | n/a | 7.7% |
| Texas Capital Bancshares TCBI | United States | $4.39B | +1% | +3% | 10% | 1.34× | 9.8% | 10.2% |
| Credito Emiliano CE.MI | Italy | $7.48B | +26% | -2% | 12% | 1.41× | 13.1% | 12.3% |
| IndusInd Bank INDUSINDBK.NS | India | $7.48B | -4% | -2% | 5% | 1.04× | 17.8% | 4.5% |
| First Financial Bankshares FFIN | United States | $4.36B | -6% | +8% | 16% | 2.38× | 17.0% | 15.9% |