Yes Bank Reports Q3FY26 Financial Results with INR 952 Crore Profit
Filing Summary
Yes Bank Ltd has announced its financial results for Q3FY26, reporting a net profit of INR 952 crore, marking a 55.4% year-on-year increase. The bank’s net interest income rose to INR 2,466 crore, up 10.9% from the previous year. Total deposits grew by 5.5% year-on-year to INR 2,92,524 crore, while net advances increased by 5.2% to INR 2,57,451 crore. The gross non-performing asset ratio improved to 1.5%. Yes Bank has been included in the NIFTY BANK Index and achieved its highest-ever S&P Global ESG score of 79.
Yes Bank Ltd has released its financial results for the third quarter of the fiscal year 2026, ending December 31, 2025. The bank reported a net profit of INR 952 crore, reflecting a 55.4% increase compared to the same quarter in the previous year. The bank’s net interest income stood at INR 2,466 crore, up 10.9% year-on-year, driven by a reduction in the cost of funds and an increase in net interest margins to 2.6%.
In terms of financial performance, Yes Bank’s total deposits reached INR 2,92,524 crore, marking a 5.5% year-on-year growth. The bank’s net advances also saw a rise of 5.2% year-on-year, totaling INR 2,57,451 crore. The bank’s non-interest income increased by 8.0% year-on-year to INR 1,633 crore. Operating profit for the quarter was INR 1,234 crore, a 14.3% increase from the previous year, with operating expenses adjusted for gratuity impact growing by only 2% year-on-year.
Operationally, Yes Bank has maintained a steady expansion in its balance sheet, with a focus on retail and branch-led deposits, which grew by 9.0% year-on-year. The bank’s CASA deposits increased by 8.5% year-on-year, contributing to a CASA ratio of 34.0%. The bank also reported significant improvements in asset quality, with the gross non-performing asset (GNPA) ratio improving to 1.5% and the net non-performing asset (NNPA) ratio stable at 0.3%. The provision coverage ratio (PCR) further improved to 83.3%.
The timeline for Yes Bank’s strategic initiatives includes its inclusion in the NIFTY BANK Index as of December 31, 2025. The bank has also opened 33 new branches in Q3FY26, achieving 95% of its full-year target of 80 branches. Additionally, Yes Bank has been recognized for its efforts in creating awareness and supporting MSMEs, receiving awards from the Chamber of Indian Micro, Small and Medium Enterprises.
Key parties involved in Yes Bank’s operations include its managing director and CEO, Prashant Kumar, who highlighted the bank’s focus on profitability and asset quality improvement. The bank’s strategic partnerships include a collaboration with BharatPe to launch a credit on UPI service, ‘Pay Later with BharatPe’.
In the context of market relevance, Yes Bank’s improved financial performance and strategic initiatives align with its goal to strengthen its position in the banking sector. The bank’s highest-ever S&P Global ESG score of 79 reflects its commitment to environmental, social, and governance performance. The bank’s efforts in digital transformation and expanding its retail banking services are expected to enhance its competitive edge.
About Yes Bank: Yes Bank is a full-service commercial bank headquartered in Mumbai, offering a wide array of products, services, and digital solutions for retail, MSME, and corporate clients. The bank operates its brokerage business through YES SECURITIES, a subsidiary, and has a pan-India presence, including an International Banking Unit at GIFT City and a representative office in Abu Dhabi.