Yes Bank on Saturday reported a 55% increase in its December quarter standalone net profit at Rs 952 crore compared to Rs 612 crore reported in the year ago period. The lender earned an interest income of Rs 7,543 crore in Q3FY26, down 3.7% versus Rs 7,829 crore in the corresponding period of the last financial year.

The company reported a net interest income (NII) of Rs 1,633 crore which rose up 8.0% YoY while the net interest margin (NIM) stood at 2.6% for Q3FY26 versus 2.4% in Q3FY25 and 2.5% in Q2FY26.

The profit after tax (PAT) increased by 45% on a quarter-on-quarter basis compared to Rs 654 crore in Q2FY26.

Yes Bank paid Rs 5,078 crore in interests which was also down 9% YoY versus Rs 5,606 crore in the year ago period while remaining flat on a sequential basis.

Asset quality

Yes Bank’s gross non-performing assets (NPAs) fell by 10 bps on a YoY and QoQ basis to 1.5% while net NPAs dropped by 20 bps YoY to 0.3% while remaining flat QoQ.

Balance sheet

The company in its filing to the exchanges reported a steady sequential expansion in balance sheet with CASA momentum continuing in the quarter gone by. The retail & branch led deposits stood at Rs 1,73,305 crore, growing 9% YoY and was higher at 12% YoY on AQB1 basis. The CASA deposits stood at Rs 99,483 crore growing 8.5% YoY and 13.6% YoY on AQB1 basis.

The net advances stood at Rs 2,57,451 crore, up 5.2% YoY and 2.9% QoQ while total disbursements standing at Rs 26,982 crore, up 7% YoY, led by sustenance of growth momentum across segments.

More to come…