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Yes Bank's Q1 financial results show strong momentum. Net profit surged to ₹808.65 Cr, a significant jump from ₹516.00 Cr last year and ₹744.53 Cr last quarter. Return on assets improved to 0.8%, with Gross and Net NPAs remaining stable at 1.6% and 0.3% respectively. The Board reviewed these results on July 19. A major business development is Sumitomo Mitsui Banking Corporation's agreement to acquire a 20% stake, pending regulatory approvals. The bank also allotted shares under employee stock options and reported ₹812 Cr in acquired loans against ₹300 Cr sold. ₹315 Cr from green bonds remain unutilized.