Yes Bank: Net profit rises 18.3%; Japan's Sumitomo nominees join with 24.2% stake
YES Bank's net profit surged 18.3% in Q2 FY26, driven by strong non-interest income and cost efficiencies. Sumitomo Mitsui Banking Corporation (SMBC) became the largest shareholder with a 24.2% stake, marking a significant ownership change. The bank also saw improved asset quality and deposit growth.
YES Bank's net profit surged 18.3% in Q2 FY26, driven by strong non-interest income and cost efficiencies. Sumitomo Mitsui Banking Corporation (SMBC) became the largest shareholder with a 24.2% stake, marking a significant ownership change. The bank also saw improved asset quality and deposit growth.
