Shares of Yes Bank slipped 0.88 per cent to ₹24.87 in early trade on Tuesday. The private sector lender disclosed a board-approved plan to raise up to ₹16,000 crore and confirmed it had received an income-tax refund of ₹879 crore. The stock opened at ₹25.25 against a previous close of ₹25.09 and touched a low of ₹24.91 by 9.48 am, with trading volumes of 271.81 lakh shares worth ₹68.22 crore.
The bank’s board, at its meeting on Monday, approved an enabling resolution to raise up to ₹7,500 crore through issuance of equity securities via various permissible means, capped at a maximum dilution of 10 per cent. Separately, the board cleared a plan to raise up to ₹8,500 crore through debt securities, in Indian or foreign currency, across one or more tranches in domestic or overseas markets, with dilution from any convertible debt instruments also capped at 10 per cent. Both proposals remain subject to shareholder and regulatory approvals, and will be placed before shareholders at the bank’s 22nd annual general meeting scheduled for August 19.
In a separate filing, Yes Bank said it had received a consolidated order from the Jurisdictional Assessing Officer determining a refund of ₹879 crore, following appellate orders on its income-tax assessment and reassessment proceedings for assessment year 2018-19. The refund includes interest income and tax benefit on a claimed expense, and exceeds the ₹120-crore materiality threshold under SEBI’s disclosure norms. The bank had earlier faced an additional tax demand of ₹112.81 crore for the same assessment year following a reassessment order in March 2024.
The stock remains below its 52-week high of ₹25.78, hit on June 18, while comfortably above its 52-week low of ₹17.20 from March 30. Yes Bank has gained 16.19 per cent year-to-date and 22.76 per cent over the past year, sharply outperforming the Nifty Bank index, which is down 3.38 per cent in the same calendar-year period. The stock trades at a price-to-earnings ratio of 22.42, with a total market capitalisation of ₹77,994.47 crore.
Published on June 30, 2026
