Guidance ledger · Q4 FY26

Yes Bank Ltd YESBANK

3 revisions on record · 1 lowered · 1 raised — the strikethrough is what management used to say

mixed guidance posture · shifted across quarters

Holding view → · latest concall · The pulse

↑ raised FY27 credit growth guidance Q2 FY26 → Q4 FY26

~~double-digit aspiration~~ → 13% to 15% range

“our expectation is that should be in the 13% to 15% range”

↔ widened FY27 SR recovery range Q3 FY26 → Q4 FY26

~~INR 1,200 crores FY26 / INR 800 crores FY27~~ → INR 800 - INR 1,000 crores FY27 (INR 1,550 cr FY26 actual)

“we expect recoveries to the tune of INR 800 crores to INR 1,000 crores from SRs in FY27”

↓ lowered FY26 credit growth guidance Q1 FY26 → Q3 FY26

~~12% to 15%~~ → around 8% (FY26 actual 11.1%)

“Immediately, what we are looking for the current financial year would be somewhere around 8%”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.