Yes Bank Shares Climb Amid Rebalancing Efforts in Bank Nifty, Forex Card Issue Remains Under Scrutiny

Yes Bank Shares Rise 1.7% Amid Bank Nifty Rebalancing

Yes Bank Ltd shares gained 1.7% in early trade on Thursday, February 26, as the stock tracked index-related inflows tied to the ongoing Bank Nifty rebalancing. The stock was trading at Rs 21.07 around 10:15 am, recovering from a mild decline on Wednesday.

The gains are attributed to the implementation of revised weightage norms, which has led to Yes Bank's entry into the Nifty Bank index. This marks one of the scheduled tranches for the index reshuffle, which is being implemented in four phases between December 2025 and March 2026. According to brokerage estimates, Yes Bank is set to receive approximately $140 million in cumulative inflows across the four tranches. Of this, around $26 million is estimated to flow in during today's February tranche, following inflows of $91 million in December and $13 million in January.

Following the completion of the rebalancing, Yes Bank's weight in the Bank Nifty index is expected to rise to approximately 3.9%, supporting demand from index funds and passive strategies tracking the benchmark.

Read also: Expert Portfolio Manager Raja Venkatraman Names Top Investment Picks for June 4

Separately, Yes Bank has been in focus after reports of a security incident involving its co-branded prepaid forex card with BookMyForex. The lender observed an unusual spike in transaction declines on the prepaid forex card and clarified that unauthorized attempts were restricted to specific BIN numbers. Transactions worth approximately $0.28 million were approved for roughly 5,000 customers, while 688 unauthorized attempts were declined. The bank is working with the card network to raise chargebacks.