Mumbai: Yes Bank has reported one of its strongest quarterly financial results so far, with profits rising to ₹952 crore in Q3 FY26, a 55.42% jump from ₹612 crore reported during the same period last year. The Mumbai-based bank credited this to its improving asset quality, even as its Gross Non Performing Assets (GNPAs) reduced to 1.5% this time from 1.6% last quarter.
The company’s Net Interest Margin (NIM) was at 2.6% during the quarter, up 10 basis points from the previous quarter. With that, its net interest income (NII) rose 11% to ₹2,465.6 crore from ₹2,223.5 crore in the same quarter last year.
The company’s total CASA (Current Account Savings Account) deposits were at ₹ 99,483 crore in Q3 FY26, rising 8.5% year on year. This corresponded to a CASA ratio of 34%, an increase from 33.7% recorded in Q2 FY26.
“Q3FY26 marks a breakthrough quarter for the Bank, powered by a confluence of factors such as acceleration in profitability, sharp improvement in Asset Quality, gathering momentum in business volumes (disbursements) and continued industry-leading performance in CASA.” Prashant Kumar, Managing Director & CEO of Yes Bank, said on the results.
Yes Bank was once on the brink of bankruptcy in 2020, after which a consortium of banks, under a new management by SBI, staged a remarkable turnaround. The bank, established in 2003, is now India’s sixth-largest private bank with a market cap of ₹73,605 crore as on January 17, 2025.
