26 Feb , 2026 By : Debdeep Gupta
The gains in Yes Bank stock today came as markets priced in passive inflows linked to the lender's entry into the Nifty Bank under revised weightage norms. February 26 marks one of the scheduled tranche adjustments for the index reshuffle.
Shares of Yes Bank Ltd rose in early trade on Thursday, tracking index-related inflows tied to the ongoing Bank Nifty rebalancing, even as a reported forex card data breach kept regulatory scrutiny in the background. Yes Bank stock was trading 1.7 percent higher at Rs 21.07 around 10:15 am, recovering from Wednesday’s mild decline. The stock is up nearly 20 percent over the past one year.
The gains came as markets priced in passive inflows linked to Yes Bank’s entry into the Nifty Bank under revised weightage norms. February 26 marks one of the scheduled tranche adjustments 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 about $140 million in cumulative inflows, spread 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. The final tranche is due in March.
Post completion of the rebalancing, Yes Bank’s weight in the Bank Nifty index is expected to rise to about 3.9 percent, supporting demand from index funds and passive strategies tracking the benchmark.
Separately, the lender has been in focus after reports said the Reserve Bank of India summoned senior Yes Bank executives over a security incident involving its co-branded prepaid forex card with BookMyForex.
Yes Bank said it observed an unusual spike in transaction declines on the prepaid forex card and clarified that unauthorised attempts were restricted to specific BIN numbers. The bank said fraudulent transactions occurred at 15 merchants in Latin America on February 24, a region where two-factor authentication is not mandatory for e-commerce transactions. Transactions worth about $0.28 million were approved for roughly 5,000 customers, while 688 unauthorised attempts were declined. The bank added it is working with the card network to raise chargebacks.
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