INVESTOR PRESENTATION

Q2FY10 Update
Key Financial Highlights – Q2FY10 and H1FY10
Net Profit after Tax of Rs. 1,117.1 million in Q2FY10 Q2FY10 and H1FY10 - Revenue and Profit growth
compared to Rs. 636.2 million in Q2FY09 representing an Rs. million Q2FY10 Q2FY09 %g H1FY10 H1FY09 %g
increase of 75.6%; Net Profit after Tax of Rs. 2,117.8 million in Net Interest Income 1,599 1,226 30.5% 3,237 2,355 37.4%
H1FY10 compared to Rs. 1,179.5 million in H1FY09 Non Interest Income 1,516 918 65.0% 2,968 1,857 59.8%
representing an increase of 79.6%
Total Net Income 3,115 2,144 45.3% 6,205 4,212 47.3%

Operating Expense 1,197 1,049 14.1% 2.309 1,980 16.6%

Net Interest Income (NII) of Rs. 1,599.4 million in Q2FY10
Operating Profit 1,918 1,095 75.2% 3,896 2,232 74.5%
compared to Rs. 1,225.9 million in Q2FY09 representing an
Provisions & Contingencies 234 123 90.2% 689 431 59.9%
increase of 30.5%; NII of Rs. 3,236.7 million in H1FY10
compared to Rs. 2,355.5 million in H1FY09 representing an Provision for Tax 567 336 68.6% 1,089 622 74.9%

increase of 37.4% Net Profit after Tax 1,117 636 75.6% 2,118 1,179 79.6%

Total income (NII plus Non Interest Income) of Rs. 3,115.3
million in Q2FY10 compared to Rs. 2,144.3 million in Q2FY09
representing an increase of 45.3%; Total Income of Rs. 6,204
million in H1FY10 compared to Rs. 4,212.9 million in H1FY09
representing an increase of 47.3%
Non Interest income to Total Income ratio of 48.7% in Q2FY10;
47.8% in H1FY10
Cost to Income ratio of 38.4% in Q2FY10; 37.2% in H1FY10
Non Interest Income constitutes the following

Operating Profit of Rs. 1,918.0 million in Q2FY10 compared Business Segment Q2FY10

to Rs. 1,095.5 million in Q2FY09 representing an increase of Financial Markets 33%

75.2%; Operating Profit of Rs. 3,896.0 million in H1FY10 Transaction Banking 23%

compared to Rs. 2,232 million in H1FY09 representing an Financial Advisory 37%

increase of 74.5% 3rd Party Distribution, Retail Fees and Others 7%

Robust growth in both NII and Non Interest Income; Q2FY10 PAT up by 75.6% y-o-y
2
Key Financial Highlights – Q2FY10 and H1FY10
Advances at Rs. 162.9 billion as at Sep 30, 2009; Growth of 41.5% H1FY10 - Balance sheet growth
y-o-y
Rs. million Sep 30, 2009 Sep 30 2008 %g
Gross yield on advances of 11.1% in Q2FY10; 12.7% in Q2FY09 Advances 162,943 115,149 41.5%
Investments 69,814 51,452 35.7%
Deposits at Rs. 193.7 billion as at Sep 30, 2009; Growth of 35.1% y-
o-y Total Assets 263,701 193,545 36.2%
Shareholder's Funds 18,443 14,383 28.2%
Cost of funds of 7.2% in Q2FY10; 9.2% in Q2FY09 Tier I + Tier II Capital 36,081 27,455 31.4%
Deposits 193,651 143,384 35.1%
Net Interest Margin of 3.1% in Q2FY10; 2.9% in Q2FY09

Return on Average Assets of 1.86%(annualized) in Q2 FY10; 1.39%

(annualized) in Q2FY09
Return on Equity of 25.0% in Q2FY10; 18.1% (annualized) in
Q2FY09
Basel II Capital Adequacy Ratio of 17.3% at Sep 30, 2009 (Tier I at
9.4%)
Total Capital Funds (Tier I + Tier II) of Rs. 36.1 billion as at Sep
30, 2009 (Rs. 27.5 billion as at Sep 30, 2008)
Book value per share of Rs. 61.85 as at Sep 30, 2009
Gross NPA at 0.31% to Gross Advances as at Sep 30,
2009
Net NPA at 0.08% to Net Advances as at Sep 30, 2009
Total loan loss coverage ratio of 266.0%; Specific loan
loss coverage ratio of 74.9% as at Sep 30, 2009
Bank restructured Rs. 450 million of loans (0.28% of
Gross Advances as at Sep 30, 2009) during Q2FY10.
Total restructured advances of Rs. 1,559 million (0.96%
of Gross Advances as at Sep 30, 2009)

Basic EPS of Rs. 3.76 and Diluted EPS of Rs. 3.68 for Q2 FY10

Profitable Balance Sheet growth; Net NPAs of only 0.08%

3
Key Business Highlights
Steady growth in Net Interest Income (NII) INR million
200,000
Advances Non-Funded Trade Exposure

Steady growth in NII on account of growth in Advances &
150,000
Investments and improving margins
100,000

Advances grew by 41.5% y-o-y while Investments grew by
35.7% y-o-y. 50,000

NIM for Q2FY10 increased to 3.1% from 2.9% in Q2FY09 -

Q2FY07 Q2FY08 Q2FY09 Q2FY10

INR million
Resilient Non Interest Income streams 2,000 Net Interest Income Non Interest Income

Non Interest Income grew by 65.1% to Rs. 1,516 million in 1,500
Q2FY10 (48.7% of Total Income) compared to Rs. 918.4 million
in Q2FY09 (42.8% of Total Income). 1,000

500

Non interest income streams like Financial Advisory,
Transaction Banking, Financial Markets and Third party -
distribution, retail fees & others continued the upward trend Q2FY07 Q2FY08 Q2FY09 Q2FY10
showing impressive improvements y-o-y. INR million
2,500
Operating Profit Net Profit

Financial advisory income in particular for Q2FY10 grew by
2,000
over 100% as compared to Q2FY09
1,500
1,000
Superior Shareholders’ returns 500

Amongst the highest RoE (25.0% annualized) and RoA (1.86% -
annualized) in the banking industry during Q2FY10 Q2FY07 Q2FY08 Q2FY09 Q2FY10

Consistently generating superior shareholder returns - RoE of more than 20% for 4th consecutive quarter
4
Key Business Highlights
Capital Funds

CRAR of 17.3% and Tier I of 9.4% as at Sep 30, 2009

Total Capital Funds stand at Rs. 36.1 billion as at Sep 30, 2009 (Rs. 27.5 billion as at Sep 30, 2008)

Healthy Asset Profile

Gross NPA as a proportion of Gross advances reduced by 17 bps INR million

q-o-q to 0.31% (0.48% in Q1FY10) while Net Non Performing Specific Provision General Loan Loss Provision Gross NPA
Assets as a proportion of Net advances reduced by 16 bps q-o-q 1400
to 0.08% (0.24% in Q1FY10) as at Sept 30, 2009 (0.19% and 0.15%
1200
respectively as at Sep 31, 2008).
1000

Adequate credit provisioning buffer; specific provision stands at 800
Rs. 375 million (75% of Gross NPA) while Total Loan Loss 600
Provision (Specific Provision + General Loan Loss Provision)
400
stands at Rs. 1,331 million (266% of Gross NPA)
200

Bank restructured Rs. 450 million of advances (0.28% of Gross 0
Advances) during the quarter. Total restructured advances were Q2FY09 Q3FY09 Q4FY09 Q1FY10 Q2FY10
Rs. 1,559 million (0.96% of Gross Advances) as at Sep 30, 2009.

Efficient Cost Control

Continued management focus on cost control resulted in Cost to Income ratio of 38.4% in Q2FY10 compared to 48.9% in
Q2FY09; amongst the lowest in the Banking industry.

Efficient processes and risk management procedures in place thus ensuring a high quality asset profile
5
Knowledge Driven Banking
Food and
Focus on Growth sectors Others; 21%
Agribusiness;

Knowledge based approach to lending; Food and 18%
Agribusiness, Engineering, Infrastructure &
Logistics, TMT (Technology, Media & Telecom)
and Lifesciences & Chemicals constitute more than TMT; 18%
79% of total advances as at Sep 30, 2009
Infrastructure
& Logistics;
16%
Lifesciences
& Chemicals; Engineering;
9% 18%

Advances predicated on Large and Mid Corporates Branch

More than 95% of non-Priority Sector Lending Banking;
Commercial
(non-PSL) towards large (Wholesale Banking) and 4.5%
Banking;
mid (Commercial Banking) sized Corporate clients 23.2%

Fully collateralized SME portfolio constitutes 4.3%

of non-PSL advances as at June 30, 2009
Corporate

Insignificant exposure to Retail Assets and
Institutional
Banking;
72.3%

Knowledge driven banking approach ensures a well diversified, highly resilient and a healthy portfolio mix
6
Well-diversified Liability Franchise
Diversified, granular & sticky liabilities mix from Institutional
multiple sources CASA; 9.6% FD - Branch
Deposits;
Certificate of 10.7% Banking;
Steady growth in number of liability accounts (from both Deposits; 13.6%
retail and corporate segments); total deposits grew by 18.2%
35.1% y-o-y to Rs. 193.7 billion in Q2FY10
FD - Govt
Backed FD -
Continuous management focus on increasing CASA Institutions; Corporate
(9.6% of total deposits as on Sep 30, 2009) through 10.1% FD - and
increased branch penetration and cash management Commercial Institutional
products; CASA grew by 43.4% y-o-y to Rs. 18.5 billion Banking; Banking;
5.6% 32.2%
in Q2FY10

Number of operational branches stands at 126 across 100 200000 Number of Liability Accounts
locations as at Sep 30, 2009 180000
160000
Floats from multiple banking relationships across all 140000
three business segments 120000
100000

Cost of funding reduced to 7.2% in Q2FY10 as compared 80000

to 9.2% in Q2FY09 60000

Q2FY09 Q3FY09 Q4FY09 Q1FY10 Q2FY10

Granular and Relationship driven deposits continue to the bedrock of our Business Strategy
7
KNOWLEDGE CAPITAL

8
A Differentiated Approach to Banking
Knowledge Banking
Focuses on the sunrise sectors of the Indian economy
Institutionalized a Development & Knowledge Banking division
Provides industry specific financial solutions which facilitate superior
structuring and tailored financial solutions
One Bank approach ensuring superior cross sell of products
‘Money Doctor’ approach of diagnostic & prescriptive product
structuring
Thought leadership initiatives across emerging sectors – Food &
Agribusiness, Infrastructure, IT, Lifesciences among others
Quarterly Update – YES BANK launched a customized online solution
for the Travel and Tourism sector at the 58th Annual Congress
organized by the Travel Agents Association of India (TAAI) in Dubai.
YES BANK was the Sole Banking Partner to the TAAI convention. Economic principles

Responsible Banking
“Sustainability Zone” i.e.

Pure profit
Principles of Corporate Social Responsibility and Sustainability combined economic,
integrated as a key business driver environmental, social benefit
Triple Bottom Line approach of ‘People’, ‘Planet’, ‘Profit’
Quarterly Update - YES BANK partnered the 20th South Asian
International Fundraising Workshop (SAFRG) organized by the South
Asian Fund Raising Group (SAFRG) from August 8-11, 2009 in Jaipur. Social investments
YES BANK partnered Save The Children to support ARAAISH, a
fundraising event for the empowerment of underprivileged children. Pure philanthropy

Only Bank to receive the Emerging Markets Sustainable Bank of the Year award at the FT/IFC Sustainable
Banking Awards
9
RELATIONSHIP CAPITAL

10
Corporate and Commercial Banking
Corporate and Institutional Banking Commercial Banking

Customer Segmentation Customer Segmentation

Large Corporates with more than INR 10 billion
Emerging mid-Corporates of India with
turnover, Government companies and PSUs, turnover between INR 1.0 billion and INR 10
Financial Institutions and Banks, select billion
multinational corporations

Typical exposure in the range INR 50-300 mn

Typical exposure in the range of INR 300-1000 mn

Business Highlights
Business Highlights

Suite of plain vanilla and structured solutions

Suite of structured and vanilla solutions including including working capital finance, transaction
working capital finance, transaction banking, banking, treasury and selective structured
treasury products, corporate finance & investment finance
banking

Advances at INR 31.4 billion as at Sep 30, 2009

Advances at INR 97.9 billion as at Sep 30, 2009 comprising 23.2% of non-PSL advances
comprising 72.3% of non-PSL advances

Business Strategy
Business Strategy

Selectively identify emerging sectors &

Capitalize on current market conditions to companies for long term institutionalization of
improve penetration in large and reputed business relationship capital by leveraging knowledge
houses to move up the value chain and increase banking approach
cross-sell

Become a privileged growth partner for these

Build long term, comprehensive relationships for large Corporates of tomorrow
these marquee Corporates

‘One Bank’ approach thereby offering complete suite of products to Wholesale and Commercial Banking clients
11
Branch Banking (Business Banking and Retail)
Business Banking (SME) Retail Banking (Includes Small Businesses)

Customer Segmentation Customer Segmentation

Small and Medium Enterprises (SMEs) with
turnover less than INR 1.0 billion (with a focus
on the INR 0.5 – 1.0 billion range)

Focus on supply chain partners of larger
Corporates

Typical exposure in the range INR 20-100 mn

Small businesses near branch areas

Focus on affluent and mass affluent Retail
customers

Focus in leveraging Corporate relationships for
salary accounts

Business Highlights Business Highlights

Product suite comprises fully secured,
43.4% y-o-y growth in CASA in Q2FY10
collateralized working capital credit in tandem
with liability products like Cash management
285% y-o-y growth in the total ATM
services and payment solutions transactions (Sep 30 2009)

Advances at INR 5.9 billion as at Sep 30, 2009
43% of the Bank’s Savings Account Customers
comprising 4.3% of non-PSL advances have Net Banking Account (Industry average is
only 15%)
Business Strategy

Focus on liabilities generation and transactional products

Service and Technology to be key differentiators for the Bank

Branch Banking to be a key value driver for the next level growth of the bank
12
PRODUCT CAPITAL

13
Transaction Banking
Number of Transactions
Payments Bank of India
LC BG BC

1000
Significant investment made in this gestationary business 800
since the inception of the Bank
600

400
Catering to Corporates, Domestic & International
Financial Institutions 200

0
Focus on creating financial efficiencies through Q2FY07 Q2FY08 Q2FY09 Q2FY10
Innovation

Pioneering Direct Banking Channel Innovations to create

e-Financial Supply Chain Solutions Income from Transaction Banking
INR million
Operating A/C banker to top Corporates 400
350
300
Collections/payments mandates from leading Corporates
250
200
Business grew by 25% y-o-y during the quarter 150
100
50
-
Q2FY07 Q2FY08 Q2FY09 Q2FY10

YES BANK won the Financial Insights Innovation Award (FIIA) for the Most Innovative e- Payments
Solution in Asia for two consecutive years, FY08 and FY09
14
Financial Markets
DCM Deals for the Quarter
Product suite comprise Fixed income sales, Debt Capital Markets
(DCM), Fixed income trading and Balance Sheet Management

Array of products right from vanilla FX spot/forward to Rural

Electrification
structured currency/interest rate swaps/fixed income products
Corp.
and risk solutions
Sole Arranger Sole Arranger Joint Arranger
Focus on Wholesale and Commercial Banking clients; no
INR 2 bn of INR 250 mn INR 23 bn of 3/10
exposure to SME clients 5 Year Bond Issue 3 year Bond Issue year Bond Issue

Superior relationships with domestic business houses and reach 2009 2009 2009
into AAA issuers and emerging mid sized Corporates for the
DCM desk

INR million
State of the art technology platform – ‘Murex’; pricing and 600 Income from Financial Markets
structuring capability at par with the best in the industry
500
400
Dedicated Research Economic Knowledge desk – Fundamental
and technical analysis and Macro Economic Analysis 300
200
Financial Advisors rather than just product & Service providers 100
-
Late night desk to cater to client deals in US time zone Q2FY07 Q2FY08 Q2FY09 Q2FY10

Consistently ranked among the 10 by Thomson Reuters in the Indian Rupee Bond League Tables
15
Financial Advisory
Select Transactions for the quarter
Corporate Finance
YES BANK was the Exclusive Strategic and
Infrastructure Structured & Project Advisory & Realty Financial Advisor divestment of 100% equity
Banking Project Finance Syndication Banking ownership in Super Wind Project Private
Limited, a company owning and operating 45
Structured solutions to meet specialized client MW of wind turbines, to Techno Electric
requirements Engineering Company Limited.

Knowledge & product expertise in infrastructure, real

estate, financial restructurings, acquisitions & leveraged YES BANK was the Advisor to Asmitha
finance Microfin Limited, amongst the top five micro
finance institutions in India, for the closure of
Comprehensive role from pre-zero date advisory, taking
its second round of equity infusion by
meaningful exposure and syndication of balance BlueOrchard Private Equity Fund
requirements
Investment Banking Income from Financial Advisory
INR million
Private Equity M&A 600
Syndication Advisory 500
400
Healthy transaction origination (both inbound & 300
outbound) 200
Successfully executed over 100 PE and M&A deals 100
during the last 5 years 0
Q2FY07 Q2FY08 Q2FY09 Q2FY10
Consistently ranked amongst the top 10 in cross-border
outbound M&A Indian league tables by Bloomberg

Strong expertise in Financial Advisory practice demonstrated by a 135 % y-o-y increase in revenues
16
 Execution focused Human Capital
Name Designation Previous Assignment
Rana Kapoor Founder/ Managing Director & CEO Managing Partner / CEO & Managing Director - Rabo India, Bank of America(16 years)

Rajat Monga Group President – Financial Markets & Chief Financial Officer Head of Treasury - Rabo India

Sunil Gulati Group President – Corporate and Institutional Banking Managing Director - GE Commercial Finance

Varun Tuli Group President – Branch Banking Executive Director and Country Head - Avigo Capital Partners/ Bank of America

Sumit Gupta President – Commercial Banking Associate Director & Head (North) - Rabo India

Arun Agrawal President & Global Head – International Banking General Manager – ICRA

Surendra Jalan President – Indian Financial Institutions AGM, Corporate Banking - ICICI Bank

Suhail Kazmi President – Insurance and Wealth Management Retail Head, West and South India - ABN Amro Bank

Somak Ghosh Group President– Corporate Finance and Development Banking Director – Project Advisory & Infrastructure Mgmt - Rabo India

Group President –Transaction Banking Group, International

Suresh Sethi Global Transaction Services Head - Caribbean, Central & Latin America, Citibank N.A.
Banking, Liabilities & Investment Mgt.

Aditya Sanghi President & Sr. Managing Director – Investment Banking Executive Director, Head of Mergers & Acquisitions - Rabo India

Kavita Venugopal Group President and Chief Risk Officer Executive Director, Investment Banking, Kotak Mahindra Capital Company

Deodutta Kurane President – Human Capital Head of HR - Bajaj Allianz Life Insurance

Alok Rastogi President & Chief Operating Officer Citibank N.A.

Devamalya Dey President – Audit & Compliance Vice President , Audit & Risk Review - Citigroup

Anindya Datta Chief Marketing Officer Manager, Markets – KPMG

Umesh Jain President & Chief Information Officer Citigroup IT Operations & Solutions ( CITOS)

Top management team drawn from top private sector and foreign banks in India and abroad
Rana Kapoor was adjudged the ‘Start up Entrepreneur of the Year’ at the E&Y Entrepreneur Awards 2005 & received the ‘PHDCCI Distinguished
Entrepreneurship Award 2007’ at the PHDCCI Awards for Excellence 2007
Stock purchase / option plans enable senior management and employees to own substantial capital of the Bank at all times

Awarded the Qimpro Best Prax Compass Award for Innovative Practices in Customer Service Channels
17
Capital Structure
Promoter
Hybrid Tier I / Tier II Investors
Successful entrepreneurial track record at Rabobank India
Held leadership positions at Bank of America(16 years),
ANZ Grindlays(2.5 years) Pedigree domestic and foreign investors in Bank’s Hybrid
Tier I and Tier II capital (LIC, Public Sector Banks,
Shareholding Rabobank)
Others;
11.1% Promoter;
YES BANK successfully raised INR 260 crore of
NRIs; 0.5% 31.3% subordinated Lower Tier II debt through private
placement issue to marquee investors like LIC, IFCI
Employees and GIC. The bonds have a maturity of 127 months
FDI; 18.3% 0.9% from the date of subscription.

YES BANK successfully entered into an agreement

Mutual with PROPARCO to raise USD 20 million (Rs. 93
FII; 29.2% Funds; crore) Upper Tier II debt. YES BANK is the first
8.7% Indian Bank to raise capital from PROPARCO, the
Key Shareholders (> 1%)(*) private sector investment arm of Agence Française
de Développement (AFD), the leading French
Rabobank 18.12% multilateral development finance agency. The
instrument has a maturity of 15 years with a call
Orient Global 4.93% option with YES BANK at the end of 10 years from
HSBC Financial Services 4.88% the date of subscription.

Khazanah Nasional 4.69%

Templeton MF 4.28%
New Vernon 1.62%
* As on Sep 30 2009
18
Important Notice
No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy,
completeness or correctness of such information or opinions contained herein. The information contained in this presentation is only
current as of its date. Certain statements made in this presentation may not be based on historical information or facts and may be
“forward looking statements”, including those relating to the Company’s general business plans and strategy, its future financial
condition and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual
results may differ materially from these forward-looking statements due to a number of factors, including future changes or
developments in the Company’s business, its competitive environment and political, economic, legal and social conditions in India.
This communication is for general information purpose only, without regard to specific objectives, financial situations and needs of
any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any shares in the
Company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment
whatsoever. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation
to notify any person of such revision or changes. This presentation can not be copied and/or disseminated in any manner.

19
THANK YOU