Yes Bank Limited has informed the Exchange regarding a press release dated February 25, 2026, titled YES BANK takes stringent measures to safeguard impacted Multi-Currency Prepaid Forex Card ".
YESBANK · price
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Awaiting price reaction for this filing.
Yes Bank disclosed a fraud incident affecting its Multi-Currency Prepaid Forex Cards (issued with BookMyForex), where unusual unauthorized transactions were attempted at 15 merchants in a Latin American country on February 24, 2026. The country does not require two-factor authentication for online purchases, which made the fraud possible. Approximately USD 0.28 million (about ₹2.4 crore) worth of transactions were approved on behalf of 5,000 customers, but the bank's fraud monitoring system blocked 688 further attempts, saving around USD 0.1 million. Yes Bank has temporarily restricted e-commerce transactions from that country and is working with the card network to raise chargebacks so customers don't bear any financial loss.
This is a negative headline for Yes Bank as it highlights a cybersecurity/fraud lapse, though the bank claims most customers will be made whole via chargebacks. Near-term, the stock could see mild pressure on sentiment, but the financial hit appears contained (under USD 0.3 million) and is unlikely to materially affect earnings.