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Yes Bank’s share price extended its rally on Friday, October 10, surging 8.4% intraday to hit a new 52-week high
Yes Bank Share
Yes Bank Share Price: Yes Bank’s share price extended its rally on Friday, October 10, surging 8.4% intraday to hit a new 52-week high of Rs 24.30 per share. The stock’s October gains now stand at 12.5%.
The shares have closed higher in eight of the past nine trading sessions, delivering a cumulative gain of 16%. For the week, Yes Bank is up 9.3% and is on course to record its biggest weekly jump since early May, when it had advanced 13.11%.
What’s Driving the Rally?
Renewed investor interest has fueled Yes Bank’s upward momentum, driven by several positive developments. Key catalysts include the acquisition of a stake by Japanese financial major Sumitomo Mitsui Banking Corporation (SMBC), rating upgrades, and the release of the bank’s September quarter business update.
In September, SMBC acquired a 24.22% stake in Yes Bank from the State Bank of India (SBI) and other lenders, making it the bank’s largest shareholder. SBI continues to hold a significant stake of over 10%. This acquisition is the largest cross-border investment in an Indian private-sector bank to date.
Yes Bank has indicated plans to leverage SMBC’s global expertise, particularly in trade and investment flows between Japan and India, to expand its corporate banking, treasury services, and cross-border solutions.
The stock’s momentum has also been supported by credit rating upgrades. Four domestic agencies—CRISIL, ICRA, India Ratings, and CARE—have now assigned Yes Bank an AA- rating, the highest level since the reconstruction scheme in March 2020.
Q2 Business Update
In its September business update, Yes Bank reported growth in both loans and deposits. Loans and advances increased 3.9% QoQ to Rs 2,50,586 crore, while deposits rose 7.9% YoY to Rs 2,96,831 crore as of September 30, 2025.
The bank’s current-account savings account (CASA) ratio stood at 33.8% at the end of Q2FY26. In absolute terms, CASA balances grew 13.2% YoY to Rs 1,00,263 crore during the quarter, according to its exchange filing.
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Aparna Deb is a Subeditor and writes for the business vertical of Business.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of Business.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
October 10, 2025, 12:27 IST
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