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Informist, Saturday, Jan. 17, 2026

 

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--YES Bank Oct-Dec net profit INR 9.52 bln 
--Analysts estimated YES Bank Oct-Dec net profit at INR 7.48 bln 
--YES Bank Oct-Dec net profit INR 9.52 bln vs INR 6.12 bln year ago 
--YES Bank Oct-Dec total income INR 91.76 bln vs INR 93.41 bln year ago 
--YES Bank Oct-Dec provisions INR 218.90 mln vs INR 2.59 bln year ago 
--YES Bank gross NPA ratio 1.5% as on Dec 31 vs 1.6% qtr ago 
--YES Bank net NPA ratio 0.3% as on Dec 31, unchanged on qtr 
--YES Bank Basel III capital adequacy ratio 14.5% as on Dec 31 
--YES Bank Apr-Dec net profit INR 24.07 bln vs INR 16.68 bln year ago 
--YES Bank Apr-Dec total income INR 275.47 bln vs INR 273.96 bln year ago 
--YES Bank Oct-Dec net interest income INR 24.66 bln, up 10.9% on year 
--YES Bank Oct-Dec net interest margin 2.6% vs 2.5% qtr ago 
--YES Bank: Advances INR 2.57 tln as on Dec 31, up 5.2% on year 
--YES Bank: Deposits INR 2.93 tln as on Dec 31, up 5.5% on year 
--YES Bank NPA provision coverage ratio 89.9% as on Dec 31 
--YES Bank: CASA ratio at 34.0% as on Dec 31 vs 33.7% qtr ago 
--YES Bank Oct-Dec cost of deposits 5.6%, down 10 bps on qtr 
--YES Bank Oct-Dec gross slippages INR 10.50 bln vs INR 12.48 bln qtr ago

 

By Cassandra Carvalho

 

MUMBAI – In the first quarter after Japan's Sumitomo Mitsui Banking Corp. bought a 24% stake in the lender September, YES Bank Saturday posted a net profit well above the Street's estimates for the December quarter on the back of a sharp fall in provisions, even as revenue slipped year-on-year. 

YES Bank reported a profit after tax of INR 9.52 billion in the quarter ended December, up 55% on year, and 45% sequentially. An average of estimates from four brokerage firms had forecast a net profit of INR 7.48 billion for the quarter. However, the bank's total income fell nearly 2% on year to INR 91.76 billion in Oct-Dec, though it was up nearly 2% sequentially. 

 

The bank's provisions fell 92% on year to INR 218.90 million in the reporting quarter, the highest on-year fall since Jan-Mar 2022. Provisions were also down 95% on quarter. The net provisions for investment were (-)INR 5.66 billion in the December quarter from (-)INR 2.33 billion in the previous quarter.

 

Meanwhile, provisions for non-performing assets shrank 30.6% on year to INR 5.33 billion, helping bring down the net figure considerably from both a quarter ago and a year ago. Provision coverage ratio of the bank excluding technical write-offs stood at 83.3% as on Dec. 31, up from 81.0% in the previous quarter. The lender sold non-performing assets worth INR 4.82 billion to asset reconstruction companies in the nine months ended December.

 

"...the net credit costs for the quarter were negligible, supported by an eight-quarter low slippage at 1.6% of advances and continued redemptions from the Security Receipts portfolio," the bank's Managing Director and Chief Executive Officer Prashant Kumar said in a release. 

 

The bank had recoveries of INR 5.55 billion from Security Receipts in the December quarter. Gross slippages for Oct-Dec stood at INR 10.50 billion, constituting 1.6% of advances, from INR 12.48 billion in the quarter ended September. The gross non-performing asset ratio of the bank stood at 1.5% as on Dec. 31, down from 1.6% in the previous quarter. The lender's net non-performing asset ratio was 0.3% as on Dec. 31, unchanged on quarter.

 

On the revenue front, the lender posted a net interest income of INR 24.66 billion in the December quarter, registering an 11% on-year growth, and slightly higher than analysts' estimates of INR 24.34 billion. As for the balance sheet, its borrowings fell 9.6% on year in Oct-Dec due to a run-down in balances of deposits placed in lieu of priority sector lending shortfalls, the bank said. The total deposits of the bank rose 5.5% on year, minorly outpacing its growth in net advances, to INR 2.93 trillion in Oct-Dec. 

 

Current account savings account deposits grew 8.5% on year, but fell 0.2% sequentially in the December quarter to INR 994.83 billion. Current account savings account ratio of the bank was 34.0% as on Dec. 31, from 33.7% a quarter ago. Net advances grew 5.2% on year to INR 2.57 trillion in Oct-Dec. Of this, retail advances, which include loans to micro enterprises, grew 2.3% on year to INR 1.21 trillion. The bank's retail loan mix fell to 47% from 48% in the year-ago quarter. Commercial loans saw robust growth of nearly 14% on year to INR 659.62 billion. 

 

The net interest margin rose to 2.6% in Oct-Dec from 2.5% in the September quarter. Cost of deposits of the bank was 5.6% in Oct-Dec, down 10 basis points from the September quarter. This, along with lower borrowings, pushed the bank's cost of funds 60 bps lower on year to 5.9%, the release said. The bank's annualised credit costs for the December quarter was 0.04% of average assets. 

 

In the nine months ended December, the bank's net profit was INR 24.07 billion, up from INR 16.68 billion a year ago. In the same period, the bank's total income was INR 275.47 billion, from INR 273.96 billion a year ago. As of Dec. 31, the private sector lender had a Basel-III capital adequacy ratio of 14.5%. On Friday, shares of the bank ended over 2% higher at INR 23.46 on the National Stock Exchange.  End

 

Edited by Vandana Hingorani

 

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