Yes Bank Limited — Updates, 25-01-2025: Press Release

Net Profit for Q3FY25 surged to INR 612 Cr, a remarkable 164.5% increase year-over-year and 10.7% quarter-over-quarter. Operating Profit soared by 24.9% YoY and 10.6% QoQ to INR 1,079 Cr. Net Interest Income (NII) rose by 10.2% YoY, reaching INR 2,224 Cr, with Net Interest Margins (NIM) stable at 2.4%. Non-Interest Income was robust, climbing 26.6% YoY to INR 1,512 Cr, reflecting strong performance across various business segments.

The bank's asset quality showed substantial improvement, with the Gross Non-Performing Assets (GNPA) ratio declining to 1.6%, down from 2.0% in Q3FY24. The Net Non-Performing Assets (NNPA) ratio stood at a healthy 0.5%. The Provision Coverage Ratio (PCR) improved significantly to 71.2%, demonstrating the bank's effective risk management. Deposits grew 14.6% YoY, driven by strong retail banking activities, while advances increased by 12.6% YoY, underpinned by notable growth in SME and Mid Corporate segments. Overall, YES BANK continues to exhibit a positive trajectory, marking this quarter as a clear indication of enhanced operational efficiency and strategic execution.