Yes Bank share price surges 4%: UPI MDR move, other key developments explained

Yes Bank shares surged as much as 4.4% to touch an intraday high of ₹24.1 apiece on Wednesday, September 16, amid various developments.

The surge in stock also comes after the National Payments Corporation of India (NPCI) on Tuesday introduced a 0.4% fee on UPI payments of more than ₹2,000 made to merchants.

Goldman Sachs analysts noted that the combined issuer and acquirer pool stands at ₹11,700 crore, equivalent to 2.1% of FY26 net profit for listed commercial banks. They also noted a ₹1,700 crore pool for Payer Platform Service Providers and ₹3,400 crore for Third Party Application Providers, with the quantum higher for mid-tier banks such as Yes Bank.

The private sector lender’s Chief Vigilance Officer (CVO) Binu Soman resigned on account of better career growth on June 17, 2026. “The Bank has relieved Mr. Binu Soman from his duties effective from close of business hours on September 15, 2026,” Yes Bank said in a regulatory filing.

Yes Bank Q1 FY27 earnings

The private lender had reported a 32.54% rise in consolidated net profit to ₹1,071.80 crore in the June quarter, aided by growth in the core net interest income.

In the year-ago period, net profit of the bank stood at ₹808.65 crore. However, on a sequential basis, net profit fell 0.96%. The core net interest income of the bank increased 17.5% year-on-year (YoY) to ₹2,786 crore, from ₹2,371 crore.

The net interest margins of the bank improved to 2.70% in the June 2026 quarter, from 2.5% in the year-ago period. It remained stable on a sequential basis.

In Q1 FY27, total deposits of the bank increased 14.3% YoY to ₹3.15 lakh crore from ₹2.76 lakh crore in the year-ago period. However, it fell 1.1% on a sequential basis.

The low-cost current and savings account (CASA) deposit ratio of the lender stood at 32.7%, as compared to 32.8% in Q1 FY26 and 35.1% in Q4 FY26.

Yes Bank share price

At 11:35 AM, Yes Bank shares were trading at ₹23.47 apiece on the National Stock Exchange, rising 1.73%.

From the beginning of the year, Yes Bank shares have climbed over 9%. Over a month’s time, the stock has gained 2.3%, while for a six-month period, it has jumped 26%.

Shares of the firm had hit a 52-week high of ₹25.78 on June 18, 2026, and a 52-week low of ₹17.20 on March 30, 2026.

According to NSE data, as of September 16, 2026, YES Bank has a total market capitalisation of ₹73,542.78 crore.