SMBC has become the largest shareholder detailed

SMBC has become the largest shareholder Japan’s Sumitomo Mitsui Banking Corporation (SMBC) now holds 24.9% in YES Bank and is its largest shareholder. YES Bank has said the relationship can strengthen corporate banking, risk management, governance and cross-border business opportunities. This is one of the most important structural changes for the bank because SMBC provides a large global banking partner and strategic shareholder. Strong Q1 FY27 profit growth For June 2026 quarter, YES Bank reported ₹1,071 crore net profit, up 33.7% YoY. NII increased 17.5% YoY to ₹2,786 crore. Advances grew 18.3% YoY, while deposits increased 14.3% YoY to ₹3.15 lakh crore. Asset quality has improved Gross NPA declined to 1.3% in Q1 FY27 from 1.6% a year earlier. Net NPA was only 0.2%. Gross slippages declined to ₹964 crore, compared with ₹1,458 crore in Q1 FY26. This is important because asset-quality improvement is a key part of YES Bank's turnaround story. Management transition Vinay Muralidhar Tonse became YES Bank's MD & CEO from April 6, 2026, replacing Prashant Kumar. The new leadership will be important for executing the next phase of loan growth, profitability and liability-franchise improvement. Credit-rating improvement / stable outlook YES Bank's current ratings include Moody's Ba1 with Stable outlook, S&P BB+ Stable, and domestic ratings such as CRISIL AA+ Stable and India Ratings AA+ Stable. Moody's highlighted improving governance and the strategic investment by SMBC. It also said sustained improvement in funding quality and profitability could support further rating improvement. Loan portfolio recovery / ARC-related cash flows YES Bank continues to receive funds through trusts connected with the security-receipts portfolio of loans sold to JC Flower ARC. A related disclosure was made around September 30/October 1, 2026. Recovery from legacy stressed assets can help reduce the burden of old bad loans and support the balance sheet.