June 11, 2019

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 Dear Sirs,

 Sub.: Disclosure under Indian Listing Regulations

 In terms of Indian Listing Regulations and other applicable provisions, the Press Release on "YES BANK's Ratings placed under 'Review for Downgrade' by Moody's" is enclosed herewith.

 Kindly take note of the above.

 The announcements made by the Bank can also be accessed at its website www.yesbank.in.

 Thanking you,

 Yours faithfully,

 For YES BANK LIMITED

 Shivanand R. Shettigar

 Group Company Secretary

 Encl: As above 

PRESS RELEASE

YES BANK's Ratings placed under 'Review for Downgrade' by Moody's

Mumbai, June 11, 2019:

Please find attached the Moody's press release dated June 11, 2019 with the subject: Moody's Places YES BANK's ratings under review for downgrade.

Click on the link to read the Moody's Press Release on this update which also contains the rating rationale:

https://www.moodys.com/research/Moodys-places-Yes-Banks-ratings-under-review-for-downgrade--PR_402458

About YES BANK

YES BANK, India's fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a 'Full Service Commercial Bank' providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

For more information, please visit the Bank's website at http://www.yesbank.in/

For media queries, please contact:

YES BANK                                                                

Mihir Mukherjee

Email: Mihir.mukherjee1@yesbank.in