Yes Bank
NII growth improves as NIM rises: Interest income declined 4% to Rs 7543.22 crore, while interest expenses dipped 9% to Rs 5077.62 crore in Q3FY2026. NII improved 11% to Rs 2465.60 crore in Q3FY2026.
Margins improve: The bank has shown 50 bps YoY decline in cost of deposits to 5.60%, while yield on advances declined 80 bps YoY to 9.30% in Q3FY2026. Thus, the NIM has improved 20 bps YoY to 2.60%, while rose 10 bps qoq to 2.60% in Q3FY2026.
Healthy growth in the core fee income: The non-interest income of the bank increased 8% to Rs 1632.62 crore in Q3FY2026. Bank has posted strong 12% growth in core fee income to Rs 1317 crore. However, the treasury income eased 14% to Rs 95 crore and forex income fell 2% to Rs 221 crore in Q3FY2026.
Expense ratio improves: The operating expenses of the bank increased 8% to Rs 2864.60 crore, as other expenses moved up 3% to Rs 1695.5 crore, while employee expenses jumped 16% to Rs 1169.1 crore in Q3FY2026. Opex includes Rs 155 crore towards incremental Gratuity provision due to change in wage definitions under the new Labour codes. Cost to income ratio improved to 69.9% in Q3FY2026 compared with 71.1% in Q3FY2025. Operating Profit moved up 14% to Rs 1233.62 crore.
Provisions and contingencies decline: The bank has shown 92% decline in provisions to Rs 22 crore. The loan loss provisions dipped 31% to Rs 533 crore, while standard asset provisions declined 33% to Rs 54 crore. Further, the bank has written back investment provisions of Rs 566 crore in Q3FY2026.
PBT increased 48% to Rs 1211.73 crore in Q3FY2026. Effective tax rate declined to 21.5% in Q3FY2026 from 25.4% in Q3FY2025. Net Profit increased 55% YoY to Rs 951.62 crore in Q3FY2026.
Asset quality improves: The bank has improved asset quality in Q3FY2026.
The fresh slippages of loans stood at Rs 1050 crore in Q3FY2026 compared with Rs 1248 crore in previous quarter and Rs 1348 crore in the corresponding quarter last year. The recoveries and upgradations of NPAs stood at Rs 233 crore, while the write-off of loans was at Rs 643 crore in Q3FY2026. The standard restructured loan book of the bank declined to Rs 259 crore end December 2025 compared to Rs 271 crore a quarter ago. Provision coverage ratio increased to 89.90% at end December 2025 compared to 88.50% a quarter ago and 82.40% a year ago. The capital adequacy ratio of the bank stood at 14.5% with Tier I ratio at 13.9% at end December 2025. The risk weighted assets of the bank has increased 5% YoY to Rs 307618 crore end December 2025,| Asset Quality Indicators: Yes Bank | ||||||||
| ? | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Variation | ||
| QoQ | YTD | YoY | ||||||
| Gross NPA (Rs Crore) | 4014.56 | 4055.31 | 4022.14 | 3935.61 | 3963.47 | -1 | 2 | 1 |
| Net NPA (Rs Crore) | 671.19 | 770.84 | 797.25 | 800.14 | 1142.62 | -13 | -16 | -41 |
| % Gross NPA | 1.50 | 1.60 | 1.60 | 1.60 | 1.60 | -10 | -10 | -10 |
| % Net NPA | 0.30 | 0.30 | 0.30 | 0.30 | 0.50 | 0 | 0 | -20 |
| % PCR | 89.90 | 88.50 | 88.00 | 87.60 | 82.40 | 140 | 230 | 750 |
| % CRAR - Basel III | 14.50 | 15.00 | 15.80 | 15.60 | 15.20 | -50 | -110 | -70 |
| % CRAR - Tier I - Basel III | 13.90 | 13.90 | 14.00 | 13.50 | 12.59 | 0 | 40 | 131 |
| Variation in basis points for figures given in percentages and in % for figures in Rs crore | ||||||||
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Business Highlights:
Business growth eases: The business of the bank has increased at a slower pace of 5% YoY to Rs 549975 crore end December 2025, as advances growth eased to 5% to Rs 257451 crore and deposits growth also moderated to 6% to Rs 292524 crore at end December 2025. With the slower growth in advances, the credit to deposit ratio eased to 88.0% at end December 2025 from 88.3% at end December 2024.
CASA deposits ratio improves: The CASA deposits of the bank increased 9% YoY to Rs 99483 crore at end December 2025. The current account deposits moved up 3% to Rs 43912 crore, while saving account deposits increased 13% to Rs 55796 crore end December 2025. The CASA ratio improved to 34.0% at end December 2025 compared to 33.1% at end December 2024, while increased from 33.7% at end September 2025. The term deposits have increased 4% to Rs 193041 crore end December 2025.
Loan growth moderates: Within the loan book, the retail loans increased 2% YoY to Rs 120865 crore at end December 2025, while credit to MSME increased 14% to Rs 65962 crore. The corporate credit rose 3% to Rs 70625 crore end December 2025. The share of retail, agriculture and MSME (RAM) improved to 72.6% at end December 2025 compared to 72.0% at end December 2024, while that of corporate loans eased to 27.4% at end December 2025 compared to 28.0% at end December 2024.
Investment book of the bank increased 11% YoY to Rs 91157 crore at end December 2025. The SLR book moved up 13% to Rs 80698 crore, while non SLR book was flat at Rs 10459 crore at end December 2025.
Branch expansion: The bank has added 33 branches and added 35 ATMs in Q3FY2026, taking overall tally to 1328 branches and 1351 ATM`s end December 2025.
Book value of the bank stood at Rs 16.0 per share at end December 2025, while the adjusted book value (net of NNPA and 10% of restructured advances) was Rs 15.8 per share at end December 2025.
Financial Performance 9MFY2026:
Bank has posted 44% increase in net profit to Rs 2407.17 crore in the nine months ended December 2025 (9MFY2026). The net interest income increased 7% to Rs 7137.94 crore, while non-interest income moved up 23% to Rs 5059.17 crore, leading net total income to increase 13% to Rs 12197.11 crore in 9MFY2026. The operating expenses increased 6% to Rs 8308.96 crore, while provision and contingencies dipped 6% to Rs 724.84 crore. PBT increased 46% to Rs 3163.31 crore in 9MFY2026. The cost-to-income ratio improved to 68.1% in 9MFY2026 compared to 72.7% in 9MFY2025. An effective tax rate rose to 23.9% in 9MFY2026 compared to 23.2% in 9MFY2025. The net profit has increased 44% to Rs 2407.17 crore in 9MFY2026.| Yes Bank: Results | ||||||||||
| Particulars | 2512 (3) | 2412 (3) | Var % | 2512 (9) | 2412 (9) | Var % | 2503 (12) | 2403 (12) | Var % | ? |
| Interest Earned | 7543.22 | 7829.14 | -4 | 22517.93 | 23278.78 | -3 | 30894.91 | 27585.94 | 12 | ? |
| Interest Expended | 5077.62 | 5605.62 | -9 | 15379.99 | 16610.79 | -7 | 21950.56 | 19491.32 | 13 | ? |
| Net Interest Income | 2465.60 | 2223.52 | 11 | 7137.94 | 6667.99 | 7 | 8944.35 | 8094.62 | 10 | ? |
| Other Income | 1632.62 | 1512.01 | 8 | 5059.17 | 4117.60 | 23 | 5856.86 | 5114.30 | 15 | ? |
| Net Total Income | 4098.22 | 3735.53 | 10 | 12197.11 | 10785.59 | 13 | 14801.21 | 13208.92 | 12 | ? |
| Operating Expenses | 2864.60 | 2656.51 | 8 | 8308.96 | 7846.02 | 6 | 10547.26 | 9822.66 | 7 | ? |
| Operating Profits | 1233.62 | 1079.02 | 14 | 3888.15 | 2939.57 | 32 | 4253.95 | 3386.26 | 26 | ? |
| Provisions & Contingencies | 21.89 | 258.68 | -92 | 724.84 | 767.54 | -6 | 1085.61 | 1886.28 | -42 | ? |
| PBT | 1211.73 | 820.34 | 48 | 3163.31 | 2172.03 | 46 | 3168.34 | 1499.98 | 111 | ? |
| Provision for tax | 260.11 | 208.07 | 25 | 756.14 | 504.29 | 50 | 762.48 | 248.90 | 206 | ? |
| PAT | 951.62 | 612.27 | 55 | 2407.17 | 1667.74 | 44 | 2405.86 | 1251.08 | 92 | ? |
| EPS*(Rs) | 1.2 | 0.8 | ? | 1.0 | 0.7 | ? | 0.8 | 0.4 | ? | ? |
| Equity | 6275.7 | 6270.2 | ? | 6275.7 | 6270.2 | ? | 6270.8 | 5753.6 | ? | ? |
| Adj BV (Rs) | 15.8 | 14.5 | ? | 15.8 | 14.5 | ? | 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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