Yes Bank Reports 45% Year-on-Year Profit Increase in Q4 FY26
Yes Bank Q4 PAT climbs 45% YoY to Rs 1,068 cr
Business Standard
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Yes Bank, headquartered in Mumbai, reported a 44.75% increase in standalone net profit to ₹1,068.42 crore for Q4 FY26, driven by a 15.9% rise in net interest income. The bank's gross non-performing assets ratio improved to 1.3%, reflecting a strong financial performance amidst growing deposits and advances.
- 01Standalone net profit increased by 44.75% to ₹1,068.42 crore in Q4 FY26.
- 02Net interest income rose 15.9% year-on-year to ₹2,638 crore.
- 03Total deposits grew 12.1% to ₹3,18,969 crore.
- 04Gross non-performing assets ratio improved to 1.3%.
- 05Yes Bank's strategic partnership with SMBC enhances its market position.
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Yes Bank has reported a 44.75% increase in standalone net profit, reaching ₹1,068.42 crore for the fourth quarter of FY26, compared to the same period in the previous fiscal year. The bank's total income saw a modest rise of 0.27%, amounting to ₹9,381.07 crore. Notably, net interest income surged by 15.9% to ₹2,638 crore, while the net interest margin improved by 20 basis points to 2.7%, benefiting from a reduction in deposit costs. The bank's total deposits rose by 12.1% year-on-year to ₹3,18,969 crore, with CASA deposits increasing by 14.9% to ₹1,11,959 crore. Additionally, net advances grew by 11.1% to ₹2,73,445 crore, reflecting robust growth across various business segments. The bank's gross non-performing assets ratio decreased to 1.3%, down 30 basis points from the previous year, while the net NPA ratio fell to 0.2%. Overall, Yes Bank concluded FY26 with a strong performance, and its managing director and CEO, Vinay M. Tonse, emphasized the bank's commitment to sustainable growth and value creation for stakeholders. The bank's shares rose 1.25% to close at ₹20.20 on the Bombay Stock Exchange.
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The strong financial performance of Yes Bank may lead to improved lending rates and better services for customers. Increased profitability can also enhance investor confidence, potentially benefiting shareholders and customers alike.
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