Transcript of Earnings Call for the un-audited Financial Results for the Quarter (Q2) and Half Year ended September 30, 2026

YBL/CS/2026-27/122 October 23, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block, Corporate Relations Department Bandra - Kurla Complex, Bandra (E) P.J. Towers, Dalal Street Mumbai - 400 051 Mumbai – 400 001 NSE Symbol: YESBANK BSE Scrip Code: 532648 Dear Sir/Madam, Sub.: Transcript of Earnings Call for the un-audited Financial Results for the Quarter (Q2) and Half Year ended September 30, 2026 Ref.: Reg. 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Please find attached the transcript of the earnings call hosted by YES Bank Limited (“the Bank”) on October 19, 2026, for the un-audited Financial Results for the Quarter (Q2) and Half Year ended September 30, 2026. The same is made available on the Bank’s website within the timeline prescribed under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and can be accessed at the following link: https://www.yes.bank.in/pdf?name=q2fy27_analyst_call_transcript.pdf The weblink of BSE Limited and National Stock Exchange of India Limited providing the above information is being hosted on the Bank’s website www.yes.bank.in pursuant to Listing Regulations, as amended. You are requested to take the same on record. Yours faithfully, For YES BANK LIMITED Sanjay Abhyankar Company Secretary Encl.: As above “YES Bank Limited Q2FY27 Earnings Conference Call” October 19, 2026 MANAGEMENT: MR. VINAY M. TONSE – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER MR. MANISH JAIN – EXECUTIVE DIRECTOR MR. NIRANJAN BANODKAR – CHIEF FINANCIAL OFFICER MR. SUNIL PARNAMI – HEAD, INVESTOR RELATIONS AND SUSTAINABILITY Page 1 of 18 YES Bank Limited October 19, 2026 Moderator: Ladies and gentlemen, good day and welcome to YES Bank's Q2FY27 Earnings Conference Call. On the management panel, we have with us today Mr. Vinay M. Tonse, Managing Director and Chief Executive Officer; Mr. Manish Jain, Executive Director; Mr. Niranjan Banodkar, Chief Financial Officer; Mr. Sunil Parnami, Head of Investor Relations and Sustainability. Mr. Vinay M. Tonse will now give you an overview of the results, which will be followed by a Q&A session. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. Participants are requested to ask questions pertaining to the bank's Q2 results only. For any other information, you may reach out to the corporate communications team separately. I now hand the conference over to Mr. Vinay M. Tonse. Thank you, and over to you, Mr. Tonse. Vinay M. Tonse: Yes. Thank you. Good morning to all. Thank you for joining us for the quarterly results presentation, and also thank you for coming in very early today. So before we discuss performance for the second quarter FY27, I would like to address the Honorable Supreme Court's judgment of 15th October 2026 concerning the INR 8,415 crores of Additional Tier 1 bonds written down in March 2020. This is a significant development for YES Bank, and I believe it is important that we address it upfront. The Honorable Supreme Court has upheld the Bombay High Court's judgment setting aside the AT-1 write-down, and dismissed the appeals filed by YES Bank, the Administrator, the Reserve Bank of India, and the Union of India. We respect the judgment and are examining it carefully, including the options available to the Bank. The reconstruction of YES Bank in March 2020 took place in exceptional circumstances with the objective of restoring the stability and viability of the institution, and protecting the interests of depositors and the wider financial system. The AT-1 write-down was one of the measures undertaken in that context. We are evaluating the implications of the judgment with the same institutional responsibility that guides our other decisions. Let me address the capital implications first. Based on our current assessment, which is indicative, and as of 30th September 2026, the reinstatement of the AT-1 principal amount is expected to have a pro forma impact of approximately 240 basis points on our Common Equity Tier 1 ratio, including Profits. Our overall Tier 1 capital ratio is expected to remain around 13.7% on a pro forma basis. Page 2 of 18 YES Bank Limited October 19, 2026 We recognize that the distinction between CET-1 and overall Tier 1 capital is important. We will continue to assess the implications for our capital structure, regulatory buffers, Balance Sheet strength, and future growth plans. Capital planning is an ongoing Board-level process. Any capital decisions will be based on a careful assessment of regulatory requirements, the cost and availability of capital, shareholder interests, and the bank's medium-term growth objectives. We will not pre- empt those decisions today. On the legal and accounting aspects, we are examining the judgment in detail, including the available legal options and appropriate steps going forward. We will make disclosures in accordance with applicable regulatory requirements and as the positions become clear. We also ensure that the treatment of the AT-1 bonds and related accounting matters is addressed in accordance with the judgment, the applicable contractual terms, and the advice of our legal and other professional advisors. We do not wish to speculate on implementation details or timelines before that assessment is complete. For us, the responsibility is to deal with the consequences of the judgment in a disciplined manner while continuing to strengthen the underlying franchise. We understand that you will have questions about the capital impact, future Profitability, potential capital actions, and the implications for shareholder value. We will address these questions as fully as the facts and our disclosure obligations permit without getting into the legal interpretation of the judgment, which we are examining. Having said that, let me call out that directionally, our priorities remain unchanged: building sustainable and Profitable growth, strengthening customer relationships, maintaining cost discipline, monitoring the quality of our assets, and generating durable returns for our shareholders. With that, let me talk about the quarter's results and the progress we are making across our business. Q2FY27 Financial Performance Getting into the Q2FY27 financial performance. The Bank reported Net Profit of INR 1,080 crores, an increase of 65% year-on-year. Operating Profit increased by 29.4% year-on-year to INR 1,678 crores. Net Interest Income increased by 22.7% year-on- year to INR 2,822 crores, while the core fees grew by 15.5% year-on-year. Return on Assets for the quarter stood at 0.9%, compared with 0.6% in Q2 FY26 and 0.9% in Q1 FY27. The cost-to-income ratio stood at 64.3%, compared with 67.1% in the corresponding quarter of the previous year. Page 3 of 18 YES Bank Limited October 19, 2026 During the quarter, we crossed some critical Balance Sheet milestones. The Total Assets crossed INR 5 lakh crores, Deposits crossed INR 3.5 lakh crores, and Advances exceeded INR 3 lakh crores. Now moving to the Balance Sheet and Deposit Franchise The Bank mobilized INR 18,575 crores of FCNR(B) Deposits and extended Foreign Currency Term Loans of INR 15,215 crores through the IBU at GIFT City. These transactions affected the reported growth rates and certain income and expenses lines during the quarter. Reported Advances grew by 23.7% year-on-year. Excluding the FCTL linked to the FCNR mobilization, Advances grew 17.6% year-on-year. The corresponding normalized Credit-to-Deposit Ratio, stood at 83.1%. Deposits grew by 19.5% year-on-year on an end-of-period basis and by 22.1% on an average quarterly balance basis. Retail and branch-led Deposits increased by 20 [Showing first 8,000 characters — download PDF for full document]