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ICRA upgraded Yes Bank's Infrastructure and Basel III Tier II bonds to [ICRA]AA (Stable) from [ICRA]AA- (Stable). This upgrade reflects improved financials, better asset quality, and growth in granular loans. Basel III Tier I bonds were reaffirmed at [ICRA]D, having been written down during restructuring. The Stable outlook is supported by robust capital and a growing deposit base.