Yes Bank has entered a new phase of expansion and profitability, buoyed by its strategic partnership with Sumitomo Mitsui Banking Corporation (SMBC). The bank’s leadership expressed confidence in achieving double-digit growth and improved efficiency through digital innovation and optimised cost structures, supported by strong retail momentum, rising deposits, and stable asset quality.
Yes Bank reported a 4 per cent quarter-on-quarter rise in advances and a 7 per cent increase in deposits, indicating renewed investor and customer confidence. Prashant Kumar, CEO, Yes Bank, attributed this growth to the bank’s focus on acquiring new customers and strengthening its transaction banking capabilities.
The bank plans to achieve annual loan growth of 15–16 per cent over the next three to four years, driven by corporate, commercial, and selective retail segments. Corporate loans have already risen 7 per cent sequentially, while commercial banking recorded a 16 per cent year-on-year increase. Retail lending is also expanding, though the bank remains selective with low-margin products such as new car loans and prime home loans.
The strategic entry of SMBC as a 24.2 per cent shareholder, alongside State Bank of India’s 10.8 per cent stake, has provided additional momentum to Yes Bank’s growth plans. Kumar highlighted that SMBC’s global expertise will allow the bank to access large corporate ecosystems, supply chains, and employee networks. The partnership is expected to enhance Yes Bank’s transaction banking, cash management, and trade finance capabilities, while creating opportunities to cross-sell retail and SME products.
Addressing investor concerns, Kumar emphasised that asset quality remains stable, with gross slippages declining from 2.4 per cent to 2 per cent. The restructured loan book has dropped to just Rs 200 crore, reflecting the resolution of legacy stress.
With these developments, Yes Bank is positioning itself for accelerated growth and stronger profitability in the coming years, leveraging both domestic momentum and international strategic support.
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