Key Highlights:
- Profit After Tax for Q2FY26 at INR 654 crore, up 18.3% YoY.
- Q2FY26 Operating Profit at INR 1296 crore, up 32.9% Y-o-Y and 31.8% Q-o-Q.
- NIM for Q2FY26 flat at 2.5% Q-o-Q, trending upwards 10 BPS Y-o-Y
- Non-Interest Income for Q2FY26 at INR 1,644 crore, up 16.9% Y-o-Y.
- RoA for Q2FY26 at 0.6% vs 0.5% in Q2FY25
- Net Advances at INR 2,50, 212 crores, up 6.4% Y-o-Y & 3.8% Q-o-Q
- Total deposits in Q2FY26 stood at INR 2,96,276 crore, growing 6.9% Y-o-Y and 7.4% Q-o-Q, driven by a 12.5% rise in CASA deposits, which improved the CASA ratio to 33.7%.
MUMBAI: YES BANK, India’s sixth-largest private sector bank, has announced its Q2FY26 results, reporting an 18.3% YoY increase in Profit after tax to INR 654 crore. The bank’s operating profit increased to INR 1,296 crore, marking a 32.9% YoY and 31.8% QoQ improvement.
The Net Interest Income (NII) for Q2 FY26 was ₹2,301 crore, up 4.6% YoY. The Net Interest Margin (NIM) for the quarter stood at 2.5%, up 10 bp Y-o-Y. Non-interest income for Q2FY26 stood at Rs 1,644 crore.
Operating Profit for Q2 FY26 increased significantly by 32.9% YoY and 31.8% QoQ to ₹1,296 crore. The Bank successfully reduced its Cost-to-income Ratio sequentially for the fifth consecutive quarter, reaching 67.1% in Q2 FY26. The Return on Assets (RoA) for Q2FY26 improved to 0.6%, up from 0.5% in Q1 FY26.
The balance sheet continued to show positive momentum. Total Deposits grew by 6.9% YoY and 7.4% QoQ to ₹2,96,276 crore. The CASA ratio witnessed a significant improvement, rising by 170 bps YoY and 90 bps QoQ to 33.7%. Net Advances registered a growth of 6.4% YoY and 3.8% QoQ to ₹2,50 212 crore.
Commenting on the results and financial performance, Prashant Kumar, Managing Director & CEO, YES BANK, said, “The Bank delivered strong performance across key operating metrics during Q2FY26. Deposit growth momentum sustained, with continued outperformance relative to the industry, particularly in CASA deposits. Disbursements recorded healthy sequential growth, supported by broad-based traction across segments, including around 20% Q-o-Q growth in the Retail segment. Asset quality further strengthened during the quarter, with a decline in fresh slippages and overdue balances as well as an improvement in Provision Coverage Ratio. Net Interest Margin was broadly stable, aided by lower RIDF balances and deposit rate actions/ repricing, which largely offset the impact of asset repricing. Core fee income witnessed healthy growth, led by forex, loan processing fees, and third-party distribution, while operating expenses were tightly controlled, resulting in healthy growth in core operating profitability. All these enabled the Bank to deliver an RoA of 0.7% for H1FY26, and we firmly remain on track to achieve the stated objective of 1% RoA by FY27.”
In Q2FY26, SMBC became YES BANK’s largest shareholder with a 24.2% stake and nominated Rajeev Veeravalli Kannan and Mr. Shinichiro Nishino as Non-Executive & Non-Independent Directors. The bank’s credit rating has been upgraded to AA- by domestic agencies. It has opened 43 of the planned 80 branches for FY26.