YES Bank Q2 net profit rises 65% YoY
Non-interest income increased 14.4% YoY and 4.7% QoQ to Rs 1,882 crore in Q2 FY27. Core fee income grew 15.5% year-on-year.
Operating profit increased 29.4% year-on-year to Rs 1,678 crore from Rs 1,296 crore, but declined 1.5% quarter-on-quarter from Rs 1,704 crore. The cost-to-income ratio stood at 64.3%, compared with 67.1% in Q2 FY26 and 62.8% in Q1 FY27.
Provisions stood at Rs 317 crore, down 24.2% YoY and down 19.5% QoQ. Net credit costs were 0.3% of average assets on an annualised basis, compared with 0.4% in Q2 FY26 and 0.3% in Q1 FY27.
Gross non-performing assets (GNPA) declined to 1.2% as of 30 September 2026 from 1.6% a year earlier and 1.3% in the previous quarter. Net non-performing assets (NNPA) stood at 0.2%, compared with 0.3% in Q2 FY26 and 0.2% in Q1 FY27. The provision coverage ratio was 80.5%, against 81% a year earlier and 81.7% in the previous quarter.
Advances increased 23.7% year-on-year to Rs 3,09,510 crore. After normalising for foreign currency term loans related to FCNR(B) deposits, advances grew 17.6% YoY and 3.2% QoQ. Retail banking advances grew 8.7% year-on-year, commercial banking advances increased 20.2%, and corporate and institutional banking advances rose 31.4%.
Total deposits increased 19.5% YoY and 12.2% QoQ to Rs 3,54,004 crore. Retail and branch-led deposits grew 20.9% year-on-year to Rs 2,07,985 crore, accounting for 58.8% of total deposits. CASA deposits increased 6.5% year-on-year to Rs 1,06,175 crore. The bank mobilised Rs 18,575 crore through FCNR(B) deposits during the Reserve Bank of India's concessional swap window.
The capital adequacy ratio stood at 14.5%, while the Common Equity Tier 1 (CET1) ratio was 13.7%, compared with 13.9% a year earlier and 14.0% in the previous quarter. The average liquidity coverage ratio was 131.4%.
Managing director and CEO Vinay M. Tonse said the bank delivered steady performance, supported by growth in core operating income and continued improvement in asset quality. He added that total assets crossed Rs 5 lakh crore, deposits exceeded Rs 3.5 lakh crore and advances crossed Rs 3 lakh crore.
Separately, YES Bank disclosed that the Supreme Court, in its judgment dated 15 October 2026, upheld the Bombay High Court judgment concerning the write-down of the bank's Additional Tier-1 bonds aggregating Rs 8,415 crore and dismissed the appeals filed in the matter. The bank said it was assessing the consequential actions and financial and regulatory implications. No impact from the judgment had been recognised in the reported Q2 FY27 financial results.
YES Bank is a private sector bank headquartered in Mumbai, offering corporate and institutional banking, retail banking, MSME banking, transaction banking and treasury services. The bank has more than 1,300 branches and over 1,350 ATMs, including cash recycler machines and cash deposit machines, across 300 districts in India.
Shares of YES Bank were down 2.29 % at Rs 17.10 on the NSE.
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