Yes Bank on Saturday reported a 59% year-on-year (YoY) growth in its Q1FY26 standalone net profit at Rs 801 crore versus Rs 502 crore in the year-ago period.
The private lender earned an interest income of Rs 7,596 crore in the June quarter, which was down 1.6% from Rs 7,719 crore reported in the corresponding quarter of the last financial year.
Yes Bank reported its net interest income (NII) at Rs 2,371 crore in Q1FY26, up 5.7% YoY and 4.2% QoQ aided by reduction in cost of funds.
Meanwhile, net interest margin (NIM) for Q1FY26 stood at 2.5% trending upward YoY, supported by reduction in deposits made in lieu of PSL shortfall and SA rate cut reduction, partially offset by repricing impact, the bank's filing to the exchanges said.
Yes Bank paid Rs 5,224.41 crore in interests in the reported quarter versus Rs 5,475 crore in the year-ago period, down by 4.6%.
The profit after tax (PAT) rose over 8% on a sequential basis versus Rs 738 crore in the January-March quarter of FY25.
Non-Interest Income was reported at Rs 1,752 crore, up 46.1% YoY and 0.7% QoQ aided by treasury income.
The operating profit for Q1FY26 was at Rs 1,358 crore up 53.4% YoY and 3.3% QoQ while the operating costs stood at Rs 2,766 crore up 8.1% YoY and 2.4% QoQ.
CASA Ratio stood at 32.8% versus 30.8% in Q1FY25 up 200 bps. Retail CASA accounts opened were at 2,51,000 in Q1FY26.
GNPA ratio stood at 1.6% in Q1FY26 flat QoQ and down 10 bps YoY. NNPA ratio was reported at 0.3% in Q1FY26 flat QoQ and down 20 bps YoY.
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