Yes Bank News & Updates

[Sushubh]

Dear Valued Customer,
Today is a landmark moment for YES BANK, one that celebrates how far Your Bank has come and the exciting future that lies ahead.
I am delighted to share that today, the esteemed Board of Directors of YES BANK have approved a landmark strategic investment by Sumitomo Mitsui Banking Corporation (SMBC), a globally renowned financial institution and part of the Sumitomo Mitsui Financial Group (SMFG), Japan.
Under this agreement, SMBC will acquire a 20.00% stake in YES BANK, comprising 13.19% from State Bank of India (SBI) and 6.81% from a consortium of seven leading Indian banks - HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IDFC First Bank, Federal Bank, and Bandhan Bank. Once the regulatory approvals are in place, SMBC will become our largest shareholder with a 20.00% stake in Your Bank, while SBI will remain a significant stakeholder with over 10% holding.
SMBC is one of the world’s leading financial institutions and part of the Sumitomo Mitsui Financial Group, Japan’s second-largest banking group with market capitalisation of approx. USD 90 bn (NYSE). They bring with them a legacy of trust, deep banking expertise, and strong governance standards. Their investment in YES BANK marks the largest cross-border deal in India’s banking sector, which is a strong endorsement of our strength and potential. Partnering with SMBC gives us access to global best practices, advanced technology, and a long-term growth perspective that will accelerate our transformation journey.

This milestone reflects a strong global endorsement of Your Bank’s transformation journey - a journey built on resilience, performance, and trust. It affirms our evolution into a forward-looking institution, ready for a future of accelerated profitability, enhanced governance, and long-term value creation. Since March 2020, we have rebuilt Your Bank with a sharp focus on stability, transparency, and sustained performance. This has been made possible through the support from the Government of India and under the guidance of the Reserve Bank of India (RBI), the steadfast support of SBI and our partner banks. As we begin this new chapter alongside SMBC, Your Bank is delighted to partner with a global powerhouse whose legacy of excellence, integrity, and innovation will amplify our ambitions and sharpen our competitive edge. With SMBC bringing global experience and SBI's continued support, we are ready to take Your Bank to new heights.
This is a defining moment in our journey - one that confirms how far we have come and opens the door to everything we can achieve ahead. The future holds great promise, powered by innovation, inclusivity, strong performance, and our continued commitment to doing what is right.
On behalf of the leadership of YES BANK, I thank you for your continued relationship and for giving us a chance to serve you.
Warm regards,

Prashant Kumar
Managing Director & CEO
YES BANK

 

[Sushubh]

We wish to inform you of an important regulatory change that will enhance the speed and efficiency of cheque clearing process.
As per the Reserve Bank of India (RBI) circular dated August 13, 2025, banks will implement Continuous Clearing and Settlement on Realisation under the Cheque Truncation System (CTS).
Continuous Clearing and Settlement implies that cheques which have been deposited within defined cut-off*, will be settled on same day (subject to realization of cheque and basis response received from NPCI), resulting in quicker settlement and faster access to your money.

This change will be effective from October 4, 2025.

Quick Tips for You:
Please maintain sufficient funds at the time of issuing a cheque.
Cheques presented before cut-off time* will be cleared or returned unpaid on the same day.

 

[Sushubh]

Reach us on @yes.bank.in
Our Email ids have changed from (name)@yesbank.in to (name)@yes.bank.in
Dear Customer,
At YES BANK, your safety is our top priority. In line with our commitment to safeguarding your information and as mandated by the Reserve Bank of India's (RBI) vide its circular RBI/2025-26/28 CO.DIT.DCD.No.S81/01-71-110/2025-26 dated April 22, 2025, we are transitioning our official email domain to the @yes.bank.in domain in phases starting from October 11, 2025.

 

[Sushubh]

As per newly introduced Income-tax Act, 2025, and Income Tax Rules 2026, Form 15G/15H has been replaced by single, unified Form 121, effective 1st April 2026.
Individuals who are residents of India and whose estimated total income for the financial year 2026-27 is below the threshold limit and is not taxable under the applicable income-tax slabs may submit Form 121 to request nil deduction of tax at source (TDS) on interest income.
If your total income is below the threshold limit, please ensure that you submit Form 121 to avoid TDS deductions on the interest earned from your deposits. You may visit your nearest YES Bank branch to complete this process for the financial year.
You can download and submit Form 121 from the below links: https://www.yesbank.in/support/form-centre.
Due to change of Form 15G/15H to Form 121, the existing facility of submitting it on digital channels like IRIS and YES Online will be temporarily unavailable. In the interim period, please feel free to reach out to your nearest YES BANK branch.
In case of any queries, please call YES TOUCH Phone Banking on 1800 1200, or alternatively, contact your Relationship Manager or visit the nearest YES BANK branch. For further queries, please write to [email protected].