Yes Bank, a private sector lender in India, reported a 44.7% year-on-year increase in net profit for the January-March quarter of financial year 2025-26, amounting to ₹1,068 crore. This surge in profit was primarily attributed to a decline in non-tax provisions and a robust growth in core income. The bank's net interest income (NII) saw a 15.9% rise to ₹2,638 crore, while non-interest income remained stable at ₹1,730 crore. The net interest margin (NIM) improved by 20 basis points year-on-year to 2.7%, benefiting from lower deposit costs and reduced balances of priority sector lending shortfall deposits. For the full financial year 2026, Yes Bank's net profit grew by 44.5% to ₹3,476 crore. Vinay M. Tonse, the managing director and CEO, noted that the bank ended FY26 on a strong note, achieving a return on assets (RoA) of 1.0% and the lowest gross and net NPA levels since FY20. The bank's net advances increased by 11.1% year-on-year to ₹2.73 trillion, with corporate and institutional banking advances rising 19.7%. Deposits also grew by 12.1% to ₹3.19 trillion, with a notable increase in low-cost current and savings accounts.