Yes Bank
Asset quality stable: The bank has maintained stable asset quality in Q1FY2026.
The fresh slippages of loans stood at Rs 1458 crore in Q1FY2026 compared with 1223 crore in previous quarter and Rs 1205 crore in the corresponding quarter last year. The recoveries of NPAs stood at Rs 358 crore, upgradations at Rs 295 crore and the write-off of loans was at Rs 718 crore in Q1FY2026. The standard restructured loan book of the bank stood at Rs 378 crore end June 2025. Provision coverage ratio was steady at 88.00% at end June 2025 compared to 87.60% a quarter ago and 80.10% a year ago. The capital adequacy ratio of the bank stood at 15.8% with Tier I ratio at 14.0% at end June 2025. The risk weighted assets of the bank has increased 4% YoY to Rs 298250 crore end June 2025,| Asset Quality Indicators: Yes Bank | |||||||
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| Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Variation | |
| QoQ | YoY | ||||||
| Gross NPA (Rs Crore) | 4022.14 | 3935.61 | 3963.47 | 3889.43 | 3844.90 | 2 | 5 |
| Net NPA (Rs Crore) | 797.25 | 800.14 | 1142.62 | 1168.02 | 1246.03 | 0 | -36 |
| % Gross NPA | 1.60 | 1.60 | 1.60 | 1.60 | 1.70 | 0 | -10 |
| % Net NPA | 0.30 | 0.30 | 0.50 | 0.50 | 0.50 | 0 | -20 |
| % PCR | 88.00 | 87.60 | 82.40 | 81.50 | 80.10 | 40 | 790 |
| % CRAR - Basel III | 15.80 | 15.60 | 15.20 | 15.60 | 16.30 | 20 | -50 |
| % CRAR - Tier I - Basel III | 14.00 | 13.50 | 12.59 | 13.20 | 13.30 | 50 | 70 |
| Variation in basis points for figures given in percentages and in % for figures in Rs crore | |||||||
Business Highlights:
Business growth moderates: The business of the bank has increased 4% YoY to Rs 516867 crore end June 2025, driven by 5% rise in advances to Rs 241024 crore. Deposits rose 4% to Rs 275843 crore at end June 2025.
CASA deposits ratio improves: The CASA deposits of the bank increased 11% YoY to Rs 90350 crore at end June 2025. The current account deposits declined 2% to Rs 36260 crore, while saving account deposits increased 21% to Rs 54090 crore end June 2025. The CASA ratio improved to 32.8% at end June 2025 compared to 30.8% at end June 2024, while declined from 34.3% a quarter ago. The term deposits have rose 1% to Rs 185493 crore end June 2025.
MSME segment drives loan growth: The retail loan was flat YoY at Rs 118981 crore, while credit to MSME jumped 19% to Rs 59652 crore at end June 2025. The corporate credit rose 3% to Rs 62390 crore end June 2025.
Investment book of the bank declined 8% YoY to Rs 81180 crore at end June 2025. The SLR book moved declined 12% to Rs 70118 crore, while non SLR book jumped 25% to Rs 11061 crore at end June 2025.
Margins improve: The bank has shown 20 bps YoY decline in cost of deposits to 6.30%, while yield on advances fell 30 bps YoY to 9.90% in Q1FY2026. NIM has improved 10 bps YoY and remained flat qoq at 2.50% in Q1FY2026.
Branch expansion: The bank has reduced 2 branches and 1 ATMs in Q1FY2026, taking overall tally to 1253 branches and 1330 ATM`s end June 2025.
Book value of the bank stood at Rs 15.5 per share at end June 2025, while the adjusted book value (net of NNPA and 10% of restructured advances) was Rs 15.2 per share at end June 2025.
Quarterly Performance
NII rises as NIM improves: Bank has recorded 2% decline in the interest earned at Rs 7595.88 crore, while interest expenses dipped 5% to Rs 5224.41 crore in Q1FY2026. NII improved 6% to Rs 2371.47 crore in the quarter ended June 2025.
Healthy growth in non-interest income: Bank has posted 6% growth in core fee income to Rs 1058 crore, while the forex income rose 5% to Rs 210 crore. Further, the treasury income rebounded to Rs 484 crore, leading to 46% surge in the overall non-interest income to Rs 1752.23 crore in the quarter ended June 2025.
Expenses ratio improves: The operating expenses of the bank increased 8% to Rs 2765.66 crore, as other expenses moved up 11% to Rs 1745.25 crore, while employee expenses increased 4% to Rs 1020.41 crore in Q1FY2026. Cost to income ratio improved to 67.1% in Q1FY2026 compared with 74.3% in Q1FY2025, helping the Operating Profit to increase 53% to Rs 1358.04 crore.
Provisions and contingencies rise: The bank has shown 34% jump in provisions to Rs 284.01 crore. The loan loss provisions increased 34% to Rs 686 crore. However, the bank has written back investment provisions of Rs 345 crore and standard asset provisions of Rs 64 crore in Q1FY2026.
Effective tax rate was flat at 25.4% in Q1FY2026 from 25.4% in Q1FY2025. Net Profit jumped 59% YoY to Rs 801.07 crore during quarter ended June 2025.
Financial Performance FY2025:
Bank has posted 92% increase in net profit to Rs 2405.86 crore in the year ended March 2025 (FY2025). The net interest income increased 10% to Rs 8944.35 crore, while non-interest income moved up 15% to Rs 5856.86 crore, pushing up net total income by 12% to Rs 14801.21 crore in FY2025. The operating expenses increased 7% to Rs 10547.26 crore, while provision and contingencies dipped 42% to Rs 1085.61 crore, allowing profit before tax to increase 111% to Rs 3168.34 crore in FY2025. The cost-to-income ratio improved to 71.3% in FY2025 compared to 74.4% in FY2024. An effective tax rate rose to 24.1% in FY2025 compared to 16.6% in FY2024. The net profit has increased 92% to Rs 2405.86 crore in FY2025.| Yes Bank: Results | ||||||
| Particulars | 2506 (3) | 2406 (3) | Var % | 2503 (12) | 2403 (12) | Var % |
| Interest Earned | 7595.88 | 7719.15 | -2 | 30894.91 | 27585.94 | 12 |
| Interest Expended | 5224.41 | 5475.11 | -5 | 21950.56 | 19491.32 | 13 |
| Net Interest Income | 2371.47 | 2244.04 | 6 | 8944.35 | 8094.62 | 10 |
| Other Income | 1752.23 | 1198.99 | 46 | 5856.86 | 5114.30 | 15 |
| Net Total Income | 4123.70 | 3443.03 | 20 | 14801.21 | 13208.92 | 12 |
| Operating Expenses | 2765.66 | 2557.74 | 8 | 10547.26 | 9822.66 | 7 |
| Operating Profits | 1358.04 | 885.29 | 53 | 4253.95 | 3386.26 | 26 |
| Provisions & Contingencies | 284.01 | 211.77 | 34 | 1085.61 | 1886.28 | -42 |
| Profit Before Tax | 1074.03 | 673.52 | 59 | 3168.34 | 1499.98 | 111 |
| EO | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| PBT after EO | 1074.03 | 673.52 | 59 | 3168.34 | 1499.98 | 111 |
| Provision for tax | 272.96 | 171.09 | 60 | 762.48 | 248.90 | 206 |
| PAT | 801.07 | 502.43 | 59 | 2405.86 | 1251.08 | 92 |
| EPS*(Rs) | 1.0 | 0.6 | 0.8 | 0.4 | ||
| Equity | 6273.1 | 6267.1 | 6270.8 | 5753.6 | ||
| Adj BV (Rs) | 15.2 | 14.1 | 15.0 | 13.7 | ||
| * EPS and Adj BV are calculated on diluted equity as given for each year. Face Value: Rs 2, Figures in Rs crore | ||||||
| Source: Capitaline Corporate Database | ||||||
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