YES Bank Q2 provisions up on low write-back; mgmt sees write-back up Q3, Q4
This story was originally published at 17:17 IST on 18 October 2025
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--YES Bk: Expect demand for retail loan to improve in Oct-Mar
--YES Bk: No major change in business strategy post acquisition by SMBC
--CONTEXT: Comments from YES Bank mgmt at media call post Q2 fincl results
--YES Bank: Provisions rose in Q2 on lower write-back from previous qtrs
NEW DELHI – YES Bank's provisions jumped over 40% on year as well as on quarter in the September quarter as the trend of high write-back, as seen in previous quarters, moderated, the bank's management said Saturday. But the lender's board expects a reasonable run rate of write-back in the remaining two quarters of the financial year.
"Some of the write-backs that we used to get are lower than what we had in the previous quarter," the management told media at a post-earnings call. "But we are still expecting a reasonable run rate of write-back to come through in the December and March quarter as well."
YES Bank reported INR 4.20 billion of provisions in the September quarter, up 41% on year and 48% up on quarter, the bank's financial results released Saturday showed. The bank's net profit for the quarter rose 18% on year to INR 6.54 billion. Sequentially, the profit was down 18%.
YES Bank also recently made headlines after the Japanese multinational financial services company Sumitomo Mitsui Banking Corp. acquired 24.2% stake in the lender. As of now, there are no plans to change the business strategy of the private-sector bank after the acquisition, the management clarified.
The bank's advances were up 6.4% on year at INR 2.50 trillion as on Sept. 30, but the management said they were targetting double-digit credit growth primarily driven by the demand staying strong from large and mid-sized corporates. While the commercial banking advances of the bank grew 17% in Jul-Sept, retail advances inched only 2.4%. But the bank does expect the demand to improve in the retail segment, the management said. Shares of YES Bank Friday ended 3.8% lower at INR 22.25 on the National Stock Exchange. End
Reported by Krity Ambey and Cassandra Carvalho
Edited by Ashish Shirke
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