Private sector lender Yes Bank on Saturday reported a 63.3% year-on-year (YoY) increase in standalone net profit to Rs 738 crore for the March quarter. Net interest income (NII) also rose by 5.7% YoY to Rs 2,276.3 crore. Both net profit and NII exceeded Street estimates.
During the quarter, the bank’s interest income grew by 2.3% YoY to Rs 7,616 crore. Net non-performing assets (NPA) improved to 0.3%, down from 0.5% in the previous quarter.
Yes Bank’s gross NPA remained unchanged sequentially at 1.6%, while provisions increased 23% quarter-on-quarter to Rs 318.1 crore. Advances grew 8.1% YoY to Rs 2.46 lakh crore, and the deposit base rose 6.8% YoY to Rs 2.85 lakh crore in Q4.
"The Bank exited the year with a quarterly RoA of 0.7%, achieved 100% PSL compliance, improved Gross and Net NPA ratios to 1.6% and 0.3% respectively — the lowest levels since March 2020, brought down the net carrying value of Security Receipts to NIL, and expanded the CASA ratio by 340 basis points YoY to 34.3% in FY25," said Yes Bank MD and CEO Prashant Kumar.
The bank’s net interest margin (NIM) for Q4 came in at 2.5%, up from 2.4% a year ago. For FY25, NIM stood at 2.4%. The total balance sheet grew 4.4% YoY, while the CASA (current account and savings account) ratio stood at 34.3%, compared to 30.9% in Q4FY24 and 33.1% in the previous quarter.
Gross slippages during the quarter came in at Rs 1,223 crore, which is 2% of total advances, compared to Rs 1,348 crore (2.2%) in Q3FY25.
Kumar noted that Yes Bank’s core franchise has gained significant momentum and is well-positioned to sustain growth. He added that the bank remains disciplined in its execution, with a clear focus on improving its positioning and profitability. He termed Q4FY25 as another important quarter in which the bank made steady improvements across several key performance metrics.
During the quarter, the bank’s interest income grew by 2.3% YoY to Rs 7,616 crore. Net non-performing assets (NPA) improved to 0.3%, down from 0.5% in the previous quarter.
Yes Bank’s gross NPA remained unchanged sequentially at 1.6%, while provisions increased 23% quarter-on-quarter to Rs 318.1 crore. Advances grew 8.1% YoY to Rs 2.46 lakh crore, and the deposit base rose 6.8% YoY to Rs 2.85 lakh crore in Q4.
"The Bank exited the year with a quarterly RoA of 0.7%, achieved 100% PSL compliance, improved Gross and Net NPA ratios to 1.6% and 0.3% respectively — the lowest levels since March 2020, brought down the net carrying value of Security Receipts to NIL, and expanded the CASA ratio by 340 basis points YoY to 34.3% in FY25," said Yes Bank MD and CEO Prashant Kumar.
The bank’s net interest margin (NIM) for Q4 came in at 2.5%, up from 2.4% a year ago. For FY25, NIM stood at 2.4%. The total balance sheet grew 4.4% YoY, while the CASA (current account and savings account) ratio stood at 34.3%, compared to 30.9% in Q4FY24 and 33.1% in the previous quarter.
Gross slippages during the quarter came in at Rs 1,223 crore, which is 2% of total advances, compared to Rs 1,348 crore (2.2%) in Q3FY25.
Kumar noted that Yes Bank’s core franchise has gained significant momentum and is well-positioned to sustain growth. He added that the bank remains disciplined in its execution, with a clear focus on improving its positioning and profitability. He termed Q4FY25 as another important quarter in which the bank made steady improvements across several key performance metrics.
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