Mixed Brokerage Views on YES Bank

YES Bank reported a 55% year-on-year increase in net profit for the December 2025 quarter.

However, brokerages have mixed views on the stock.

Nomura maintains a 'Neutral' rating with a target price of Rs 22, citing gradual improvement in returns but concerns about retail segment recovery.

Emkay Global suggests a 'Sell' rating with a target price of Rs 20, pointing to sub-par growth and higher valuations.

ICICI Securities maintains a 'Hold' rating with a revised target price of Rs 24, noting improvements in net interest margins and return on assets.

The bank's loan growth remained muted at 5% YoY, but CASA growth was superior.

Despite adverse spreads, NIM improved to 2.6%, and RoA jumped to 0.9%.