Yes Bank Q1 Financial Highlights

Yes Bank has announced a remarkable 59% year-on-year increase in net profit, reaching Rs 801 crore for the June quarter of FY26. This impressive growth was primarily driven by significant gains from treasury operations and a notable rise in non-core income.

Income and Growth Metrics

The bank reported a 46% surge in other income to Rs 1,752 crore, with treasury income turning around to a gain of Rs 484 crore from a loss in the previous year. Core net interest income saw a 5.7% growth to Rs 2,371 crore, supported by a 5% expansion in advances and a slight increase in net interest margin.

Strategic Outlook and Future Plans

CEO Prashant Kumar emphasized a cautious approach towards retail lending, avoiding aggressive expansion in low-margin products. However, he remains optimistic about accelerating advances growth and achieving the bank's full-year loan growth target. The anticipated 20% stake acquisition by Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is on track for completion by September end.

Capital Adequacy and Slippages

With a comfortable capital adequacy ratio of 16.2% and core Tier-1 capital at 14%, the bank asserts no immediate need for fresh capital. Despite a rise in gross slippages to Rs 1,458 crore, Kumar is confident about the quick recovery of two major business accounts.