Yes Bank Slips 0.24% on Monday; GST Penalty Order Adds Overhang Even as Weekly Chart Shows Strong Recovery

Mumbai, June 22: Shares of Yes Bank opened Monday’s session on a positive note at ₹25.50 against the previous close of ₹25.41, briefly touching an intraday high of ₹25.56 in early trade before sellers stepped in and gradually dragged the counter lower through the morning.  

By around 09:20, the stock had slipped below the previous close and continued to bleed in a slow, orderly decline, hitting a session low of ₹25.05 near the 09:40 mark. The counter then staged a mild recovery, edging back toward the ₹25.30–25.35 band, where it consolidated for the remainder of the morning session. As of the last available tick, the stock was trading at ₹25.35, down ₹0.06 or 0.24% from Friday’s close. The Volume Weighted Average Price (VWAP) for the session stood at ₹25.31, indicating that the bulk of the day’s trading happened marginally below the open, with sellers holding a clear upper hand. Total quantity traded stood at over 3.37 crore shares on the sell side against 1.06 crore on the buy side, reflecting a lopsided 68.51% sell versus 31.49% buy order balance. 

Weekly Trend 

The weekly chart paints a markedly more constructive picture than Monday’s subdued intraday action. Yes Bank shares were trading around ₹23.60–23.70 on June 15, and the stock then embarked on a steady, uninterrupted climb through the week. By June 17, the counter had crossed the ₹24.90 mark, and pushed decisively above ₹25.50 by June 18, touching a one-week high close to ₹25.60 before settling around ₹25.41 into the weekend. The five-session rally of approximately 7.5% from the June 15 base marks a meaningful recovery, likely supported by improved broader market sentiment and rotation into beaten-down private sector banking names. Monday’s 0.24% dip represents a minor pullback within what remains an intact short-term uptrend, and the stock continues to hold well above its June 15 starting point. The order book skew, however, with nearly 69% on the sell side, suggests some caution remains among short-term traders at current levels. 

GST Penalty Order 

Coinciding with Monday’s trade, Yes Bank disclosed on Saturday that it has received an Order-in-Appeal from the Goods and Services Tax department of Uttar Pradesh, dated June 20, 2026, pertaining to FY 2021-22. The order, passed by the Additional Commissioner (Appeals) under Section 107(11) of the CGST Act, confirms a penalty of ₹3.02 crore (₹3,02,31,095) in addition to applicable tax demand and interest under Section 73 of the CGST Act. The penalty is lower than the ₹3.30 crore levied in the original Order-in-Original passed in December 2025 by the Joint Commissioner, with the partial reduction coming in the bank’s favour following the appeal. Yes Bank has said it intends to contest the order through further legal remedy within prescribed timelines and does not expect any material impact on its financial or operational activities. The development, while a minor overhang, is unlikely to materially influence the stock given the modest quantum of the penalty relative to the bank’s balance sheet size. 

Source

• nseindia.com
• Yes Bank BSE Filing, June 21, 2026 (Ref: YBL/CS/2026-27/45) | goodreturns.in