Yes Bank
NII growth improves as NIM rises: Interest income was flat at Rs 7650.90 crore, while interest expenses declined 6% to Rs 5013.20 crore in Q4FY2026. NII improved 16% to Rs 2637.70 crore in Q4FY2026.
Margins rise: The bank has shown 60 bps YoY decline in cost of deposits to 5.50%, while yield on advances declined 90 bps YoY to 9.20% in Q4FY2026. NIM has improved 20 bps YoY to 2.70%, while rose 10 bps qoq to 2.70% in Q4FY2026.
Core fee income up: The non-interest income of the bank declined 1% to Rs 1730.17 crore in Q4FY2026. Bank has posted 4% growth in core fee income to Rs 1436 crore, while the treasury income eased 37% to Rs 83 crore and forex income fell 7% to Rs 212 crore causing 1% decline in the overall non-interest income.
Expense ratio improves: The operating expenses of the bank increased 2% to Rs 2749.63 crore, as other expenses moved up 1% to Rs 1709.15 crore, while employee expenses rose 2% to Rs 1040.48 crore in Q4FY2026. Cost to income ratio improved to 63.0% in Q4FY2026 compared with 67.3% in Q4FY2025.
Operating Profit moved up 23% to Rs 1618.24 crore.
Provisions and contingencies decline: The bank has shown 41% decline in provisions to Rs 188 crore. The loan loss provisions fell 91% to Rs 85 crore, while the bank has written back investment provisions of Rs 446 crore. However, the standard asset provisions rebounded to Rs 548 crore in Q4FY2026.
PBT increased 44% to Rs 1430.69 crore in Q4FY2026. Effective tax rate declined to 25.3% in Q4FY2026 from 25.9% in Q4FY2025. Net Profit increased 45% YoY to Rs 1068.42 crore in Q4FY2026.
Asset quality improves: The bank has improved asset quality in Q4FY2026.
The fresh slippages of loans stood at Rs 1102 crore in Q4FY2026 compared with Rs 1050 crore in previous quarter and Rs 1223 crore in the corresponding quarter last year. The recoveries NPAs stood at Rs 538 crore, upgrades at Rs 353 crore and the write-off of loans was at Rs 620 crore in Q4FY2026. The standard restructured loan book of the bank declined to Rs 204 crore end March 2026 compared to Rs 217 crore a quarter ago. Provision coverage ratio was steady at 89.60% at end March 2026 compared to 89.90% a quarter ago and 87.60% a year ago. The capital adequacy ratio of the bank stood at 15.3% with Tier I ratio at 13.8% at end March 2026. The risk weighted assets of the bank has increased 8% YoY to Rs 314819 crore end March 2026,| Asset Quality Indicators: Yes Bank | ||||||||
| ? | Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Variation | ? | |
| QoQ | YoY | ? | ||||||
| Gross NPA (Rs Crore) | 3604.93 | 4014.56 | 4055.31 | 4022.14 | 3935.61 | -10 | -8 | ? |
| Net NPA (Rs Crore) | 653.00 | 671.19 | 770.84 | 797.25 | 800.14 | -3 | -18 | ? |
| % Gross NPA | 1.30 | 1.50 | 1.60 | 1.60 | 1.60 | -20 | -30 | ? |
| % Net NPA | 0.20 | 0.30 | 0.30 | 0.30 | 0.30 | -10 | -10 | ? |
| % PCR | 89.60 | 89.90 | 88.50 | 88.00 | 87.60 | -30 | 200 | ? |
| % CRAR - Basel III | 15.30 | 14.50 | 15.00 | 15.80 | 15.60 | 80 | -30 | ? |
| % CRAR - Tier I - Basel III | 13.80 | 13.90 | 13.90 | 14.00 | 13.50 | -10 | 30 | ? |
| Variation in basis points for figures given in percentages and in % for figures in Rs crore | ||||||||
Business Highlights:
Business growth improves: The business of the bank has increased at an accelerated pace of 12% YoY to Rs 592414 crore end March 2026, as advances growth improved to 11% to Rs 273445 crore and deposits growth also galloped to 12% to Rs 318969 crore at end March 2026. With the faster growth in deposits, the credit to deposit ratio eased to 85.7% at end March 2026 from 86.5% at end March 2025.
CASA deposits ratio improves: The CASA deposits of the bank increased 15% YoY to Rs 111959 crore at end March 2026. The current account deposits moved up 21% to Rs 40809 crore, while saving account deposits increased 10% to Rs 58674 crore end March 2026. The CASA ratio improved to 35.1% at end March 2026 compared to 34.3% at end March 2025, while increased from 34.0% at end December 2025. The term deposits have increased 11% to Rs 207010 crore end March 2026.
Strong loan growth: Within the loan book, the retail loans increased 5% YoY to Rs 126056 crore at end March 2026, while MSME credit increased 15% to Rs 69947 crore. The corporate credit has also increased 20% to Rs 77442 crore end March 2026. The share of retail, agriculture and MSME (RAM) eased to 71.7% at end March 2026 compared to 73.7% at end March 2025, while that of corporate loans rose to 28.3% at end March 2026 compared to 26.3% at end March 2025.
Investment book of the bank increased 4% YoY to Rs 88140 crore at end March 2026. The SLR book moved up 7% to Rs 80549 crore, while non SLR book slipped 22% to Rs 7591 crore at end March 2026.
Branch expansion: The bank has added 6 branches and added 13 ATMs in Q4FY2026, taking overall tally to 1334 branches and 1364 ATM`s end March 2026.
Book value of the bank stood at Rs 16.3 per share at end March 2026, while the adjusted book value (net of NNPA and 10% of restructured advances) was Rs 16.1 per share at end March 2026.
Financial Performance FY2026:
Bank has posted 44% increase in net profit to Rs 3475.59 crore in the year ended March 2026 (FY2026). The net interest income increased 9% to Rs 9775.64 crore, while non-interest income moved up 15% to Rs 6759.34 crore, leading net total income to increase 12% to Rs 16534.98 crore in FY2026. The operating expenses increased 5% to Rs 11028.59 crore, while provision and contingencies dipped 16% to Rs 912.39 crore. PBT increased 45% to Rs 4594.00 crore in FY2026. The cost-to-income ratio improved to 66.7% in FY2026 compared to 71.3% in FY2025. An effective tax rate rose to 24.3% in FY2026 compared to 24.1% in FY2025. The net profit has increased 44% to Rs 3475.59 crore in FY2026.| Yes Bank: Results | |||||||
| Particulars | 2603 (3) | 2503 (3) | Var % | 2603 (12) | 2503 (12) | Var % | ? |
| Interest Earned | 7650.90 | 7616.13 | 0 | 30168.83 | 30894.91 | -2 | ? |
| Interest Expended | 5013.20 | 5339.77 | -6 | 20393.19 | 21950.56 | -7 | ? |
| Net Interest Income | 2637.70 | 2276.36 | 16 | 9775.64 | 8944.35 | 9 | ? |
| Other Income | 1730.17 | 1739.26 | -1 | 6759.34 | 5856.86 | 15 | ? |
| Net Total Income | 4367.87 | 4015.62 | 9 | 16534.98 | 14801.21 | 12 | ? |
| Operating Expenses | 2749.63 | 2701.24 | 2 | 11028.59 | 10547.26 | 5 | ? |
| Operating Profits | 1618.24 | 1314.38 | 23 | 5506.39 | 4253.95 | 29 | ? |
| Provisions & Contingencies | 187.55 | 318.07 | -41 | 912.39 | 1085.61 | -16 | ? |
| Profit Before Tax | 1430.69 | 996.31 | 44 | 4594.00 | 3168.34 | 45 | ? |
| EO | 0.00 | 0.00 | - | 0.00 | 0.00 | - | ? |
| PBT after EO | 1430.69 | 996.31 | 44 | 4594.00 | 3168.34 | 45 | ? |
| Provision for tax | 362.27 | 258.19 | 40 | 1118.41 | 762.48 | 47 | ? |
| PAT | 1068.42 | 738.12 | 45 | 3475.59 | 2405.86 | 44 | ? |
| EPS*(Rs) | 1.4 | 0.9 | ? | 1.1 | 0.8 | ? | ? |
| Equity | 6276.0 | 6270.8 | ? | 6276.0 | 6270.8 | ? | ? |
| Adj BV (Rs) | 16.1 | 15.0 | ? | 16.1 | 15.0 | ? | ? |
| * 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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