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Informist, Saturday, Apr. 18, 2026

 

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--YES Bank: Will continue to invest across people, products, processes, tech 
--CONTEXT: Comments by YES Bank management in press call post Q4 results 
--YES Bank: Q4 margin rose on fall in high borrowing cost, traction in CASA 
--YES Bank: Aspire to grow in line with mkt, moving towards focus on scale 
--YES Bank: Aim to maintain double-digit rise in retail segment in FY27 
--YES Bank: Retail segment on profit trajectory now 
--YES Bank: Have enough capital for growth in next few quarters 
--YES Bank Tonse: Have longer-term goal, will formalise via strategy on paper 
--YES Bank: See no carry-forward impact of forex losses into Q1 FY27 
--YES Bank: No impact of West Asia war on portfolio currently 
--YES Bank: Seeing strong home loan demand; mortgage solutions doing well 

 

MUMBAI – YES Bank Ltd.'s management Saturday said that so far, the bank has not seen any material impact of the ongoing war in West Asia on its finances, but will continue to closely track the evolving geopolitical situation. The bank also said there has not been any significant impact of the net open positions norm announced by the Reserve Bank of India, limiting open positions to $100 million for each bank. 

 

"On the war situation...we are watching the portfolio and the impact of war on it very, very closely. Currently, there is no impact," Executive Director Manish Jain said at a press conference. "But, of course, we are mindful of the fact the war can have a little longer-term impact during the year in terms of rising inflation." Jain further said the war might have second-order impacts on a larger portfolio of YES Bank.

 

The senior management also said the bank did not see any "material impact" on its foreign exchange reserves due to the RBI's latest norm on open positions. The impact was not material as the net open positions that the bank had to cover were not anywhere close to a three-digit million dollar number, the senior officials said. 

 

The bank also highlighted its plan to expand the retail segment with an aim to register double-digit growth in the segment in FY27. "...retail overall is now on a positive trajectory and a profitable trajectory," a senior management official said.  

 

Overall, the bank aspires to grow in line with the market in FY27, as opposed to a deliberate slower-growth strategy earlier.

 

The bank has witnessed a strong momentum in the home loans category under its retail business. It expects demand to be robust, both on prime home loan as well as affordable home loan categories. The mortgage category has also witnessed healthy growth, the bank officials said.

 

The auto sector recorded a robust momentum similar to that in December quarter of FY26, the bank officials said. However, the bank remains cautious in the commercial vehicles segment due to the fuel price hike and the impact on freight. "...overall, in commercial vehicle as well as construction equipment, we are seeing a decent offtake so far. We don't see any impact on that," a senior bank official said. 

 

"We have retail which is now beginning to do disproportionately well from an asset quality and credit cost as well. And that is also giving us the confidence to grow and that is also if you just anecdotally now connect to a disbursement run rate, those are also now beginning to grow. So I think all these things together is what is driving the retail profitability," Executive Director Rajan Pental said.

 

YES Bank's net interest margin for the March quarter rose due to reduced high-cost borrowing, repricing of deposits, and continued traction in current and savings accounts. The bank's non-interest income for FY26 rose to INR 67.59 billion, up 15% on year, driven by strong momentum in retail fees, SME and commercial banking fees, and transaction banking, the management said.

 

Vinay Tonse, who took over as the MD and CEO of the bank in April, said he had long-term goals and plans for the bank and these would be formalised through a strategy on paper soon. Tonse also highlighted four key areas of focus for the bank – people, products, processes, and technology.  

 

On the capital front, the CEO said YES Bank had "fairly enough capital" for growth to easily see through the next four-five quarters."Building on the base which we already have and for the FY27 what we will see, I think that is what will be the foundation for the next few years," Tonse said.

 

YES Bank's net profit for the March quarter was INR 10.68 billion, up nearly 45% on year due to a sharp fall in provisions and contingencies. The bank's total income was up marginally on year at INR 93.81 billion in the March quarter, but over 2% higher sequentially. Although muted, the bank's total income rose for the first time in three quarters.  End

 

Reported by Diksha Tripathy and Shakshi Jain

Edited by Avishek Dutta

 

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