Key Highlights
- Net profit increased 33.7% YoY and 0.2% QoQ to ₹1,071 crore.
- Net interest income rose 17.5% YoY and 5.6% QoQ to ₹2,786 crore.
- Total net income increased 11.2% YoY and 5.0% QoQ to ₹4,584 crore.
- Operating profit grew 25.5% YoY and 5.3% QoQ to ₹1,704 crore.
- Net interest margin improved 20 bps YoY and remained flat QoQ at 2.7%.
- Advances increased 18.3% YoY and 4.3% QoQ to ₹2,85,118 crore.
- Deposits grew 14.3% YoY and declined 1.1% QoQ to ₹3,15,373 crore.
- Retail asset disbursements rose 27.5% YoY.
- GNPA ratio improved to 1.3%, down 30 bps YoY.
- NNPA ratio declined to 0.2%, down 10 bps YoY.
YES Bank reported strong financial results for the first quarter of FY27, with net profit rising 33.7% year-on-year (YoY) to ₹1,071 crore. The bank also recorded growth in net interest income (NII), advances and deposits, while asset quality improved compared with the corresponding quarter of the previous year.
Net interest income (NII) increased 17.5% YoY and 5.6% quarter-on-quarter (QoQ) to ₹2,786 crore. Total net income rose 11.2% YoY and 5.0% QoQ to ₹4,584 crore, while operating profit climbed 25.5% YoY and 5.3% QoQ to ₹1,704 crore. Net interest margin (NIM) improved 20 basis points YoY and remained stable QoQ at 2.7%.
The bank posted a net profit of ₹1,071 crore for the quarter ended June 30, 2026, compared with ₹801 crore in Q1 FY26 and ₹1,068 crore in Q4 FY26. This represents a 33.7% YoY increase and a 0.2% QoQ rise. Return on Assets (RoA) improved to 0.9% from 0.8% in Q1 FY26 but eased from 1.0% in Q4 FY26. The cost-to-income ratio improved to 62.8% from 67.1% in Q1 FY26 and 63.0% in Q4 FY26.
On the balance sheet, net advances increased 18.3% YoY and 4.3% QoQ to ₹2,85,118 crore. Total deposits grew 14.3% YoY but declined 1.1% QoQ to ₹3,15,373 crore. Retail asset disbursements rose 27.5% YoY, while CASA deposits increased 14.3% YoY to ₹1,03,233 crore.
Asset quality strengthened during the quarter. The Gross Non-Performing Asset (GNPA) ratio improved to 1.3%, down 30 basis points YoY and unchanged QoQ. The Net NPA (NNPA) ratio declined to 0.2%, down 10 basis points YoY and flat QoQ. Gross slippages fell to ₹964 crore from ₹1,458 crore in Q1 FY26 and ₹1,102 crore in Q4 FY26, while retail slippages reached their lowest level in the past 10 quarters.
During the quarter, YES Bank received multiple credit rating upgrades. Moody’s upgraded the bank’s rating to Ba1 from Ba2, CareEdge upgraded its long-term rating to CARE AA+ (Stable), and ICRA upgraded its Infrastructure and Basel III Tier II Bonds rating to AA (Stable). S&P Global also assigned the bank an inaugural BB+ (Stable) international rating.