Yes Bank Q1 Results: PAT jumps 59% YoY

 

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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Court ordered to bank to reimburse Rs. 50,000 for denying accounts without Aadhaar

A Mumbai-based company was denied a bank account by Yes Bank because it lacked an Aadhaar card, and the Bombay High Court ordered the bank to compensate the company with Rs.50,000. Given that the Supreme Court has previously decided that Aadhaar is not required in order to open bank accounts, the Court declared that the bank's action was incorrect.

When a business called Microfibres Pvt Ltd. approached Yes Bank to create a current account in January 2018, the problem started. Nevertheless, the bank informed the business that an Aadhaar card was required in order to open the account.

Even though the Supreme Court had previously given interim directions stating that Aadhaar should not be required for opening bank accounts, the bank later responded in writing in April 2018. Finally, on September 26, 2018, the Supreme Court issued its final ruling, unequivocally declaring that no one can be made to furnish Aadhaar in order to open a bank account.

 

The company informed the court that it has been unable to rent out its commercial property in Mumbai for more than a year due to the lack of a bank account. The family of the company's deceased founder-director suffered financial difficulty as a result. His unmarried daughter and widow were reliant on the property's monthly rental revenue of about Rs.1.5 lakh.

At first, the company claimed a full year's worth of lost rent and demanded Rs.10 lakh in compensation.

Court Decision

Judges M.S. Sonak and Jitendra Jain heard the case and concluded that Yes Bank had no justification for rejecting the bank account following the official overturning of the Aadhaar law on September 26, 2018.

The judges also pointed out that the bank was given an opportunity to address the compensation claim in 2018, but they chose not to do so. Although the court acknowledged that the company deserved some relief, it stated that the Rs.10 lakh compensation demand was excessive.

The court ordered Yes Bank to pay Rs.50,000 as compensation, stating that it would not force the corporation to go through other legal processes due to the unique circumstances of the case.

The bank has been given eight weeks to make the payment. This case serves as a warning that banks cannot force Aadhaar on customers when it is not necessary and must abide by the law.

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Yes Bank Q4 net profit rises 63%

The quarter ending March 31, 2025, saw YES Bank record a standalone net profit of Rs 738.12 crore, up 63.7 percent year over year from Rs 451.9 crore in the same quarter the previous year. Improved asset quality, lower provisions, and increased interest revenue all contributed to the impressive outcome. 

 The quarter's total revenue increased to Rs 9,355.4 crore, a little increase over the same period last year, when it was Rs 9,015.8 crore. Interest income was Rs 7,616.1 crore, down from Rs 7,447.2 crore in the previous year. Year-over-year, other income increased as well, rising from Rs 1,568.6 crore to Rs 1,739.3 crore.

Compared to the same quarter last year, the bank's operational profit before provisions increased to Rs 1,314.4 crore from Rs 902.5 crore. The good bottom-line performance was aided by a considerable drop in provisions and contingencies, which went from Rs 470.9 crore to Rs 318.1 crore last year. 

 Regarding asset quality, YES Bank recorded gross non-performing assets (NPAs) of Rs 3,935.6 crore, up from 1.7 percent in the same quarter the previous year, with a gross NPA ratio of 1.6 percent. 

 Net non-performing assets (NPAs) totaled Rs 800 crore, and the net NPA ratio improved from 0.6 percent to 0.3 percent over the previous year. The bank declared a net profit of Rs 24,058.6 crore for the entire fiscal year FY25, a significant rise from the Rs 12,510.8 crore recorded in FY24.

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Yes Bank Q3 Net profit more than doubles

Yes Bank on Saturday, January 25, reported robust third-quarter earnings for FY25, posting a net profit of ₹612.3 crore for the period, significantly exceeding the CNBC-TV18 poll estimate of ₹538.9 crore. It marks a substantial year-on-year increase in profitability, with the private sector lender's net profit up by over 165% compared to ₹231.5 crore in the same quarter last year.

The bank's Net Interest Income (NII) came in at ₹2,223.5 crore, a 10.2% growth compared to ₹2,016.9 crore in Q3 FY2024. However, this was slightly below the street’s expectations, with the CNBC-TV18 poll predicting NII at ₹2,258 crore.

Despite the slight miss on NII, Yes Bank reported stable asset quality metrics, with Gross NPA remaining steady at 1.6% and Net NPA at 0.5%, both unchanged compared to the previous quarter.

Yes Bank's gross and net NPAs showed minor quarterly increases with the Gross NPA rising marginally to ₹3,963.47 crore, compared to ₹3,889.4 crore in Q2 FY2025. The Net NPA stood at ₹1,142.6 crore, a slight decrease from ₹1,168 crore in the previous quarter. The bank maintained its Gross NPA ratio at 1.6% and Net NPA ratio at 0.5%.

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Yes Bank Q4 Net profit jumps 123%

Private sector lender Yes Bank on April 27 reported a net profit of Rs 451 crore for the January-March quarter of financial year (FY) 2023-24, which marks a 123 percent jump as compared to Rs 202 crore clocked in the year-ago period.

The bank's gross non-performing asset (NPA) stood at 1.7 percent, down from 2.2 percent recorded in the same quarter last year. On the other hand, net NPA for the quarter stood at 0.6 percent, improving from 0.80 percent on a year-on-year basis. Gross slippages for Q4FY24 stood at Rs 1,356 crore versus Rs 1,233 crore in Q3FY24.

The net interest income (NII) of the lender came in at Rs 2153 crore, increased marginally by 2 percent as compared to Rs 2105 crore reported in the corresponding quarter of the previous fiscal.

Net advances grew at 13.8 percent YoY and stood at Rs 2.27 lakh crore, aided by sustained growth momentum in SME and mid corporate advances and resumption of growth in corporate segment. Total deposits stood at Rs 2.6 lakh crore, up 22.5 percent. CASA ratio at 30.9 percent vs. 30.8 percent in Q4FY23.

The lender saw compression in net interest margin which dropped to 2.4 percent versus.2.8 percent in Q4FY23.

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Police summons MDs of 4 Banks, 11 Bank Employees arrested

A number of bankers have been arrested in recent cyber fraud investigations due to allegations that they were involved in fraudulent operations. The managing directors of Yes Bank, ICICI Bank, RBL Bank, and Kotak Mahindra Bank are among the four private banks that the city police have written to, demonstrating how seriously they regard this issue. The letter's objective is to ask them to come in person the next week to provide an explanation for why no legal action should be taken against them.

Role of Bankers in Cyber Fraud Cases

When authorities discovered that the account holders implicated in illegal activities were unaware that they had opened such accounts, the role of bankers came under investigation. It was found that the bankers had helped cyber criminals open these accounts after more inquiry. The fact that the bankers charged a sizable commission in each instance suggests that they were aware that they were involved in illegal activity.

Victims of Fraudulent Investment and Task-based Schemes

Many people have been duped by schemes that promise large returns on investments or possibilities depending on tasks. In addition to apprehending the cyber criminals, the local police have shown initiative by making the bankers answerable for their involvement in these cyber fraud cases. As a result, the city police are the only law enforcement agency in the nation authorized to detain bankers in conjunction with other suspects in similar circumstances.

Read More - सबसे बड़ा बैंकिंग घोटाला: भारत देश में अब तक का सबसे बड़ा बैंक फ्रॉड, करोडो का बैंको को लगाया चुना

Exposing the Role of Bankers

During the investigation, it was discovered that the employees of Kotak Mahindra Bank’s MG Road branch were involved in fraudulent activities. They were subsequently arrested, and during the interrogation, they confessed to the involvement of several other bankers in similar fraudulent acts. Recognizing that bank accounts are a crucial component in cyber frauds, the police decided to investigate the criminal activities of bankers in such cases.

Violations of KYC Norms

In light of the recent arrests, the city police have written to the managing directors of Kotak Mahindra Bank, ICICI Bank, RBL Bank, and Yes Bank. The purpose of this letter is to request their personal appearance and an explanation as to why legal action should not be initiated against them for clear violations of the Reserve Bank of India’s (RBI) Know Your Customer (KYC) norms.

Bankers’ Methods and Tactics

During the ongoing investigations, the police have found that the bankers accused of aiding cyber criminals opened bank accounts using identification and address proofs collected from factory workers and laborers. They even gained access to the bank accounts of daily-wage workers by offering them money. Additionally, the police noticed the use of fake IDs, address proofs, and forged signatures to open bank accounts, further exposing the deceptive tactics used by these individuals.

Read More - Suspicious transactions detected in this bank,three staffs arrested

Bank Responsibilities and Accountability

The Deputy Commissioner of Police(Cyber Crime), Siddhant Jain, emphasized that bank managements have a responsibility to safeguard their clients’ money and protect it from cyber criminals. If bank employees are involved in criminal activities and aiding fraudsters, it is the duty of the bank managements to explain why action should not be taken against them. The police are determined to hold the responsible parties accountable for their actions in order to protect the public and maintain the integrity of the banking system.

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Yes Bank Q2 earnings : Net profit rises over 47%

 

Yes Bank of October 21 reported a 47.4 percent rise in its net profit to Rs 225.21 crore in the second quarter of the current financial year. In the previous quarter last year, net profit of the bank stood at Rs 152.82 crore.

On sequential basis, net profit falls over 34 percent. The asset quality of the bank in the reporting quarter improved, with gross non-performing asset (NPA) ratio stood at 2 percent, and Net NPA ratio stood at 0.9 percent.

In absolute terms, gross NPA stood at Rs 4319.03 crore as on September 30, and net NPA stood at Rs 27419.11 crore as on September 30.

In the reporting quarter, provisions and contingencies fell 14.1 percent on-year to Rs 500.38 crore. In the similar period last year, it stood at Rs 582.81 crore. Provision Coverage Ratio (PCR) of the bank stood at 56.4 percent, as against 48.4 percent last quarter. Including Technical  write-off, PCR stood at 72.1 percent, as compared to 67.8 percent.

Yes Bank, the private sector lender has reported deposits growth of 17.2 percent on-year, which is up 6.8 percent on-quarter to Rs 2.34 lakh crore, while its advances increased by 9.5 percent on-year and 5.2 percent on-quarter to Rs 2.20 lakh crore as detailed in the filing with BSE dated October 3.

In the reporting quarter, CASA Ratio remained stable on sequential basis, at 29.4 percent despite challenging environment. 3.91 lakh CASA Accounts opened during the quarter, release said.

The net interest income of the bank stood at Rs 1,925 crore, which was 3.3 percent up on-year. Net interest margins (NIM) for Q2FY24 at 2.3 percent down by nearly 30 basis points (Bps) on-year and 20 bps on-quarter.

In Q2FY24, Non-Interest Income at Rs 1,210 crore, up 38.4 percent on-year and 6.0 percent on-quarter.

YES Bank in July-September quarter reported interest expanded at Rs 4785.61 crore, as compared to Rs 3483.02 crore in a similar period last year.

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YES Bank Q1 Results: Profit rises 10% YoY ; NII up 8% 6 hours ago

 Private sector lender Yes Bank on July 22 reported a 10.26 percent year-on-year (YoY) rise in net profit to Rs 342.5 crore in the first quarter of the current financial year, up from Rs 314.3 crore in the year-ago period.

The bank's asset quality saw a healthy improvement for the quarter. The lender's gross non-performing assets (GNPAs) stood at 2 percent compared with 13.4 percent in the corresponding quarter of the previous fiscal.

The net non-performing assets (NNPA) for the quarter stood at 1 percent compared with 4.2 percent in the year-ago quarter.

Prashant Kumar, Managing Director and CEO, Yes Bank said, “Q1FY24 was a steady quarter where we have demonstrated significant progress in line with our strategic objectives. While the balance sheet granularity momentum continued, we also delivered strong growth in our fee income while containing our operating and credit costs."

"With the focus of the bank now firmly aligned towards improving the profitability of the franchise, over the coming quarters, we will continue to work on levers that further accelerate this momentum such as improvement in NIMs and CASA ratio, reducing the drag from legacy PSL requirements, further cross-sell and product penetration," Kumar added.

The lender's net interest margin (NIM) for the June quarter stood at 2.5 percent up nearly 10 basis points YoY, while its non-interest income (NII) was at Rs 1,141 crore, up 54 percent YoY and 13.7 percent QoQ.

The bank's gross slippages for Q1FY24 were reported at Rs 1,430 crore compared to Rs 1,072 crore in the same period in the last financial year, and Rs 1,196 crore in the fourth quarter of FY23.

Total deposits for the quarter stood at Rs 219,369 crore, up 13.5 percent YoY and 0.9 percent QoQ. The bank's CASA ratio (ratio of deposits in current, and saving accounts to total deposits) was at 29.4 percent compared to 30.8 percent in Q1FY23 and Q4FY23. The lender opened 3,55,000 new CASA accounts in Q1FY24. Its retail and small business deposits (gross LCR definition) grew 17.9 percent YoY.

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