Mumbai, April 20: YES Bank reported a 44.7% year-on-year rise in net profit for the March quarter at Rs 1,068 crore, aided by higher core income, improved margins and better asset quality. For the full financial year FY26, profit rose 44.5% to Rs 3,476 crore.
The lender’s net interest income for Q4 FY26 increased 15.9% year-on-year to Rs 2,638 crore, while net interest margin improved 20 basis points to 2.7%. Operating profit rose 23.1% to Rs 1,618 crore. Cost-to-income ratio improved to 63% from 67.3% a year ago.
On the balance sheet front, total deposits rose 12.1% year-on-year to Rs 3,18,969 crore, crossing the Rs 3 lakh crore milestone. CASA deposits grew 14.9% to Rs 1,11,959 crore, taking CASA ratio to 35.1% from 34.3% in the year-ago quarter. Advances grew 11.1% to Rs 2,73,445 crore, with growth seen across retail, commercial, and corporate banking segments.
Asset quality strengthened further, with gross NPA ratio improving to 1.3%, down 30 basis points year-on-year, while net NPA ratio stood at 0.2%. Provision coverage ratio improved to 81.9% from 79.7% a year earlier. Return on assets stood at 1% in Q4 FY26 versus 0.7% in Q4 FY25.
Managing Director and CEO Vinay M Tonse said the bank ended FY26 on a strong footing, with momentum across deposits and advances, and added that priorities for FY27 remain focused on strengthening the franchise and accelerating high-quality growth.
During FY26, the bank opened 82 new branches, taking its total network to 1,334 branches across India.
