Private-sector bank Historical case study · data as of 21 Jul 2026 · published 24 Oct 2026 (95 days later)

Yes Bank — 100-point case study

How Yes Bank looked on 50 technical and 50 fundamental measures on 21 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: YESBANK · BSE: 532648
Close on 21 Jul 2026	₹23.14
Market cap then	₹72,728 crore
Valuation	P/E 20.7× · P/B 1.42×
Momentum	RSI (14) 43 · 1-year return +14.8%
Next 3 months	-31.7% vs Nifty 50 -6.6% (to 23 Oct 2026)

Scorecard

Technical — 50 points

10 bullish · 23 neutral · 1 caution · 15 bearish — the picture leaned negative.

Fundamental — 50 points

11 bullish · 33 neutral · 0 caution · 5 bearish — the picture leaned positive.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Data note: Yes Bank has no identified promoter group, so promoter-holding points are marked as not applicable. The 14.5% fall on 15 Oct 2026 followed the Supreme Court ruling on the 2020 AT1 bond write-off — a legal event, not a corporate action. Capital adequacy (CRAR) was not found in our sources.

Technical analysis — 50 points

Calculated by code from daily prices up to 21 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope -0.38%/day	Bearish	Over the last 20 sessions the regression line of closing prices was falling about 0.38% a day — a short-term downtrend. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return +16.6%	Bullish	The 100-session trend line was up (+0.30%/day) and the stock was +16.6% over three months, so the medium-term picture was bullish. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return +14.8%	Bullish	Compared with a year earlier the price was +14.8%. A strong positive year. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 23.67 / 30W 21.64	Neutral	On the weekly chart the stock showed a weekly close tangled between the 10-week and 30-week averages. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 23.77→25.78; lows 22.18→23.32	Bullish	The two most recent swing points showed higher swing highs and higher swing lows — classic uptrend structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	18.3	Neutral	ADX at 18.3 signals a weak or absent trend (below 20) — range-bound conditions. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 14.7 / –DI 27.1	Bearish	–DI was above +DI: sellers had the upper hand in directional movement. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	24.03 (-3.7%)	Bearish	Close of 23.14 was 3.7% below the 20-day SMA — the short-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	23.39 (-1.1%)	Bearish	Close of 23.14 was 1.1% below the 50-day SMA — the medium-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	21.83 (+6.0%)	Bullish	Close of 23.14 was 6.0% above the 200-day SMA — the long-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 23.52 / 21E 23.72	Bearish	The 9-day EMA was below the 21-day EMA; the last crossover happened on 14 Jul 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	last golden cross 17 Jun 2026	Bullish	The 50-day average was 7.1% above the 200-day. The most recent signal was a golden cross on 17 Jun 2026. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	+7.0% in 20 sessions	Bullish	The 50-day average rose 7.0% over the past month — rising. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	24 / 23 / 22 / 22	Neutral	The 20/50/100/200-day averages were tangled — no clean order, typical of a transition or range. Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	23.79 (-2.7%)	Bearish	Anchored to the start of July, the volume-weighted average price was 23.79; the close was below it — buyers that month were on average under water. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	43.4	Bearish	RSI at 43.4 reflected soft, below-average momentum. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	none	Neutral	Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD -0.06 / signal 0.12	Bearish	MACD was below its signal line — momentum turning or staying negative. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	-0.20 → -0.19	Bullish	The histogram rose over the last five sessions, meaning momentum was improving. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	-0.06	Bearish	MACD below zero means the 12-day EMA was below the 26-day EMA — a negative momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 16.7 / %D 17.1	Caution	Slow stochastic at 16.7 was in oversold territory (<20). Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-79.3	Neutral	%R of -79.3 put the close in the middle of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	-124	Bearish	CCI at -124 signalled an unusually strong downward deviation (<–100). Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	-3.6%	Bearish	Price changed -3.6% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.13 (bands 22.84–25.21)	Neutral	%B of 0.13 — inside the bands, lower half. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 9.9% (21st pct of 6M)	Neutral	Band width was at the 21st percentile of the last six months, a normal level. How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹0.56 (2.4% of price)	Neutral	A typical day's range was about ₹0.56, or 2.4% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	31.7% vs 1Y 27.6%	Neutral	Annualised 30-day volatility was 31.7%, close to the one-year level of 27.6%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	22.66–24.78	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	1.23	Neutral	A beta of 1.23 means the stock tended to move more than the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 0.91× / 5-day 0.91×	Neutral	The final session traded 0.91× its 20-day average volume and the last five sessions averaged 0.91× — normal participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 1.08	Neutral	Average volume on up days was 1.08× that on down days — balanced. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV falling	Bearish	OBV fell over the month while price fell — volume confirmed the price move. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	falling (20d)	Bearish	The A/D line fell, meaning closes tended to be in the lower part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	-0.20	Bearish	CMF at -0.20 indicated net outflows. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	40.6	Bearish	MFI, a volume-weighted RSI, was 40.6. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹204 cr/day	Neutral	About ₹204 crore changed hands per day on average over 20 sessions — liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	22.24 / 21.01 / 19.72	Neutral	Nearest support (prior swing lows) sat at 22.24, 4.1% below the close, then 21.01, 19.72. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	23.59 / 24.79 / 25.38	Neutral	Nearest resistance (prior swing highs) sat at 23.59, 2.0% above the close, then 24.79, 25.38. How to read: Information only.
40	Monthly pivot points (for next month)	P 23.55 \| R1 24.38 \| S1 22.30	Neutral	Classic pivots from July's high/low/close gave a pivot of 23.55; the close was below it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 24 \| 38.2% 23 \| 50.0% 21 \| 61.8% 20	Neutral	Measuring the 6-month rise from 17.20 to 25.78, the close was nearest the 23.6% retracement at 23.76. How to read: Information only.
42	52-week high / low	H 25.78 / L 17.20	Neutral	The close was 10.2% below the 52-week high and 34.5% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	3 open; latest gap-up 25 May at 21.97	Neutral	There were 3 unfilled gap(s). The latest, a gap-up on 25 May 2026, left an open level at 21.97 that price had not revisited. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	pullback inside a larger uptrend	Neutral	Rule-based pattern scan: pullback inside a larger uptrend. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 22.71–25.56	Neutral	The close was inside the prior 20-day range of 22.71–25.56. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Inside bar	Neutral	On 21 Jul the candle opened 22.95, ranged 22.95–23.31 and closed 23.14: Inside bar — range contraction. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 20.48–22.61; Tenkan 23.37 / Kijun 24.25	Bullish	Price was above the cloud and the Tenkan line was below the Kijun line — a bullish Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M -9.7% / 3M +17.4%	Bullish	The stock outperformed the Nifty 50 by 17.4 points over three months and underperformed by 9.7 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty Bank	3M +14.4%	Bullish	Against its sector index (Nifty Bank) the stock was 14.4 points ahead over three months. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	10 bullish · 15 bearish · 23 neutral · 1 caution	Bearish	Across the 49 readings the technical picture leaned negative. Levels that mattered: support 22.24, resistance 23.59. This is a description of the chart on 21 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 21 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Jun 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 21 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	20.7×	Neutral	At ₹23.14 the market valued the company at about ₹72,728 crore, or 20.7× the ₹3,512 crore profit of the four quarters to Mar 2026. That is a moderate multiple. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	1.42×	Neutral	Market cap was 1.42× the Mar 2026 book value (equity + reserves) of ₹51,158 crore. For a bank, P/B is the main valuation yardstick. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Revenue (interest earned)	2.41×	Neutral	Market cap was 2.41× trailing-12-month revenue (mainly interest earned) of ₹30,209 crore. How to read: Information only.
4	Profit / Book (earnings power)	6.9%	Neutral	Trailing profit was 6.9% of book value — the return the bank was generating on the equity investors were paying 1.42× for. How to read: Information only.
5	Earnings yield	4.8%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹4.8 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	0.30	Bullish	P/E of 20.7 divided by 3-year profit growth of 68.4% a year gives a PEG of 0.30. Below 1 is often read as growth being cheaply priced; above 2 as expensive. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	n/a	Neutral	Dividend history in our data window was not available. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹72,728 cr	Neutral	At about ₹0.73 lakh crore the company was a mid-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹20.23 vs ₹23.14	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹20.23; the price was 14% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	-2.3%	Bearish	Revenue (interest earned) for FY26 was ₹30,208 crore, -2.3% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	+0.5%	Neutral	The Jan–Mar 2026 quarter brought ₹7,662 crore of revenue, +0.5% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	+43.5%	Bullish	FY26 net profit was ₹3,512 crore, +43.5% on FY25's ₹2,447 crore. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	+45.2%	Bullish	Quarterly profit was ₹1,082 crore versus ₹745 crore a year earlier (+45.2%). Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	10.0%	Neutral	Revenue compounded at 10.0% a year from FY23 to FY26. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	68.4%	Bullish	Net profit compounded at 68.4% a year from FY23 to FY26. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	8.6%	Neutral	Over five years (FY21–FY26) revenue compounded at 8.6% a year. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	+43.6%	Bullish	Reported EPS went from ₹0.78 to ₹1.12 (+43.6%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Net interest margin (Q4 FY26)	2.70%	Bearish	NIM — the spread between what the bank earns on loans and pays on deposits — was 2.70% in Jan–Mar 2026 (as reported). Above ~3.5% is strong for an Indian bank. Bullish 3.5% or more · Bearish below 3.0% · Neutral 3.0–3.5%.
19	Net interest income growth (Q4 FY26)	+16.0%	Bullish	Core interest income after interest expense was ₹2,638 crore, +16.0% year on year (standalone, as reported). Bullish above 10% · Bearish below 5% · Neutral 5–10%.
20	Net profit margin FY26	11.6%	Neutral	₹11.6 of every ₹100 of interest-led revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	7.1%	Bearish	FY26 profit was 7.1% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	Leverage (assets ÷ equity)	9.2×	Neutral	Total assets were 9.2× equity — normal for banks, which fund most assets with deposits. How to read: Information only — banks normally run high leverage.
23	Return on assets FY26	0.75%	Bearish	Net profit was 0.75% of total assets. For banks, ROA above 1% is considered healthy. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	24%	Neutral	The company paid about 24% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Q4 FY26 standalone profit (reported)	₹1,068 cr (+44.7%)	Bullish	The bank's own (standalone) Jan–Mar 2026 profit as reported was ₹1,068 crore, +44.7% year on year. Bullish above 12% year on year · Bearish below 0% · Neutral 0–12%.

D. Asset quality & capital

#	Point	Reading	Tag	Commentary
26	Gross NPA (Q4 FY26)	1.30%	Bullish	Gross non-performing assets were 1.30% of loans — low by Indian standards. Bullish below 2% · Bearish above 4% · Neutral 2–4%.
27	Net NPA (Q4 FY26)	0.20%	Bullish	After provisions, net NPAs were 0.20% of loans. Bullish below 0.6% · Bearish above 1.5% · Neutral 0.6–1.5%.
28	CASA ratio	35.1%	Neutral	Low-cost current and savings deposits made up 35.1% of deposits — a higher CASA means cheaper funding. Bullish above 40% · Bearish below 30% · Neutral 30–40%.
29	Capital adequacy (CRAR)	n/a	Neutral	Not reported in our sources for this period. Bullish above 16% · Bearish below 13% · Neutral 13–16%. RBI minimum incl. buffer is 11.5%.
30	Loan (advances) growth	+11.1%	Neutral	Advances grew +11.1% year on year (as reported). Bullish above 14% · Bearish below 8% · Neutral 8–14%.
31	Deposit growth	+12.1%	Bullish	Deposits grew +12.1% year on year (as reported). Bullish above 12% · Bearish below 7% · Neutral 7–12%.
32	Deposit base (consolidated)	₹3.19 lakh cr	Neutral	Consolidated deposits were ₹3,18,969 crore at Mar 2026, +12.1% on a year earlier. How to read: Information only.
33	Book value growth	+7.0%	Neutral	Equity grew +7.0% to ₹51,158 crore — banks need book growth to support loan growth. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹21,217 cr	Neutral	Operating cash flow was ₹21,217 crore. For banks this swings with deposit and loan flows, so it says little about profitability. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Investing cash flow FY26	₹-4,952 cr	Neutral	Investing flows for banks mostly reflect securities and fixed-asset purchases. How to read: Information only — for banks these swing with deposit and loan flows.
36	Financing cash flow FY26	₹-6,485 cr	Neutral	Financing flows reflect borrowings raised/repaid and dividends paid. How to read: Information only — for banks these swing with deposit and loan flows.
37	Net cash flow FY26	₹9,780 cr	Neutral	Overall cash and balances changed by ₹9,780 crore in FY26. How to read: Information only — for banks these swing with deposit and loan flows.
38	Investment book growth	+3.6%	Neutral	The investment portfolio (mostly government securities) moved +3.6% to ₹87,755 crore. How to read: Information only.
39	Loan growth minus deposit growth	-1.0 pts	Neutral	Loans grew 11.1% and deposits 12.1%. Deposit growth kept pace with lending — funding was not a constraint. How to read: Caution when loans grew more than 4 points faster than deposits (funding pressure). Neutral otherwise.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	0%	Neutral	The company paid out about 0% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	0% / 0% / 0%	Neutral	Payout ratios for FY24 / FY25 / FY26 — dividends were irregular. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	+0.1%	Neutral	Paid-up equity capital changed +0.1% (₹6,271 cr → ₹6,276 cr). Essentially unchanged — no dilution. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	No promoter (widely held)	Neutral	The company has no identified promoter group — ownership is spread among institutions and the public. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	46.12% (+21.17 pts YoY)	Bullish	FIIs held 46.12% at Jun 2026, up from 24.95% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	24.04% (-16.22 pts YoY)	Bearish	Mutual funds, insurers and other DIIs held 24.04%, down from 40.26%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	58.4 lakh (-8.1% YoY)	Neutral	The shareholder count moved from 63.6 lakh to 58.4 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Not applicable — no promoter group. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 7 tests)	5/7	Neutral	Passed: positive profit, profit grew, gross NPA < 3%, net NPA < 1%, no meaningful dilution (<3%). Failed: ROA ≥ 1%, ROE ≥ 12%. Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	2 strength(s) · 7 weakness(es)	Neutral	Strengths: Stock is trading at 0.94 times its book value; Company has delivered good profit growth of 24.6% CAGR over last 5 years. Weaknesses: Though the company is reporting repeated profits, it is not paying out dividend; Company has low interest coverage ratio; The company has delivered a poor sales growth of 8.55% over past five years; Company has a low return on equity of 5.33% over last 3 years; Contingent liabilities of Rs.12,24,826 Cr; Company might be capitalizing the interest cost; Earnings include an other income of Rs.7,358 Cr. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	11 bullish · 5 bearish · 33 neutral · 0 caution	Bullish	On the numbers published by 21 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 20.7×, P/B 1.42×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 21 Apr 2026 – 21 Jul 2026 that an investor could have known on the snapshot date.

15 Jun 2026 YES Bank shares climb 7% in two sessions after Q4 FY26 results — Shares rose 3.26% to close at Rs 23.77, up 6.93% over two sessions, with the move linked to Q4 FY26 profit growth (net profit Rs 1,068.42 crore, up 44.7% YoY) and improved asset quality. source
17 Jun 2026 Yes Bank rises for fourth session after Northern Arc MoU — Northern Arc Capital announced an MoU with Yes Bank on 15 June 2026 to help deploy credit through its network of 368 originator partners; the stock rose about 13% over four sessions. source
18 Jun 2026 YES Bank hits fresh 52-week high of Rs 25.78 — The stock touched an intraday 52-week high of Rs 25.78, extending a five-session rally of about 16% and recovering roughly 50% from its 30 March 2026 low of Rs 17.20. source
29 Jun 2026 Board approves fundraising of up to Rs 16,000 crore — The board approved raising up to Rs 7,500 crore via equity and up to Rs 8,500 crore via debt securities, subject to shareholder approval at the AGM on 19 August; equity dilution is capped at 10% of existing share capital. source
30 Jun 2026 CareEdge upgrades Yes Bank's long-term bond ratings — CareEdge Ratings upgraded the long-term ratings on Yes Bank's infrastructure and Tier II bonds with a Stable outlook, citing advances growth, lower gross NPA (1.30%) and SMBC's 24.90% stake. source
18 Jul 2026 Q1 FY27 net profit rises 33.7% to Rs 1,071 crore — Standalone net profit for April-June 2026 was Rs 1,070.99 crore, up 33.7% YoY; NII rose 17.5% to Rs 2,786.46 crore, with gross NPA at 1.3% and net NPA at 0.2%. source

What happened next (21 Jul 2026 → 23 Oct 2026)

Price went from ₹23.14 to ₹15.80 by 23 Oct 2026 (-31.7%) while the Nifty 50 moved -6.6% — underperforming by 25.2 points.
Highest ₹24.10 on 16 Sep 2026; lowest ₹15.64 on 23 Oct 2026.
S1 22.24: broken on a closing basis on 28 Aug 2026.
S2 21.01: broken on a closing basis on 29 Sep 2026.
R1 23.59: not cleared on a closing basis.
R2 24.79: not cleared on a closing basis.
200-day SMA: price was above it at the snapshot and crossed below on 28 Sep 2026.
Apr–Jun 2026 results (reported 18 Jul 2026): standalone profit ₹1,071 crore (+33.7% YoY), NIM 2.70%, gross NPA 1.30%, net NPA 0.20%.

Later news

08 Oct 2026 Q2 FY27 business update: loans up 23.8%, deposits up 19.5% — Loans reached Rs 309,675 crore (up 23.8% YoY) and deposits Rs 354,084 crore (up 19.5% YoY) at end-September 2026, while the CASA ratio fell to 30% from 32.7% in Q1 FY27; results were set for 17 October. source
15 Oct 2026 Shares fall 14% after Supreme Court ruling on AT1 bonds — The stock fell about 14% intraday to a 52-week low of Rs 16.96 after the Supreme Court upheld the Bombay High Court ruling that set aside the 2020 write-off of the bank's AT1 bonds; media reports cited a possible payout of about Rs 15,600 crore. source
16 Oct 2026 Bank says AT1 ruling may cut CET1 by about 250 bps — Yes Bank said the proforma impact of the AT1 judgment on its CET1 ratio is expected to be about 250 bps, with Tier 1 at 14.0% proforma; shares fell a further ~3% and several brokerages kept sell/underweight ratings. source
17 Oct 2026 Q2 FY27 results: net profit up 63-65% YoY — Yes Bank reported Q2 FY27 results on 17 October 2026: standalone net profit of about Rs 1,080 crore (up 65% YoY) with NII of Rs 2,822 crore (up 22.7%); consolidated PAT was Rs 1,084.08 crore. source

Educational summary. On 21 Jul 2026 the technical picture leaned negative and the fundamental picture leaned positive. Over the next three months the stock moved -31.7% against -6.6% for the Nifty 50. Here the chart's message lined up with what followed. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold Yes Bank today.

Method designed by our founder, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 24 Oct 2026); index — Nifty 50, Nifty Bank via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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