Yes Bank Managing Director and CEO Prashant Kumar said the lender expects a further credit rating upgrade in the coming quarters following the completion of its deal with Sumitomo Mitsui Banking Corporation (SMBC).

“All our ratings have been upgraded before the SMBC transaction,” Kumar said. “After the SMBC transaction, we would be expecting a further rating upgrade in the next one or two quarters.”

The private lender reported an 18.4% year-on-year (YoY) rise in net profit for the July-September 2025 quarter , supported by steady interest income and stable asset quality. Kumar said the SMBC partnership is opening new business avenues. “This deal is giving us a lot of opportunities - not only from the rating perspective, but also in terms of engaging with corporates, meeting their cash

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