Dailymirror.news, Mumbai, January 27, 2025: YES BANK, India’s sixth-largest private sector bank, has announced its Q3 FY25 financial results, showcasing robust performance with a net profit surge of 164.5% year-on-year (YoY) to ₹612 crore and a 10.7% quarter-on-quarter (QoQ) increase. The bank’s operating profit climbed 24.9% YoY and 10.6% QoQ to ₹1,079 crore, reflecting consistent operational efficiencies.

Key Financial Highlights:

  • Net Interest Income (NII): Increased 10.2% YoY to ₹2,224 crore.
  • Non-Interest Income: Jumped 26.6% YoY and 7.5% QoQ to ₹1,512 crore.
  • Deposits: Rose 14.6% YoY, with the CASA ratio improving by 340 basis points (bps) YoY to 33.1%.
  • Net Advances: Grew 12.6% YoY, driven by SME (26.7%), mid-corporate (26.7%), and corporate advances (26.8% YoY).

Asset Quality Improvements:
The bank maintained stable asset quality in Q3 FY25, with the Gross Non-Performing Assets (GNPA) ratio at 1.6% and the Net Non-Performing Assets (NNPA) ratio steady at 0.5%.

The Provision Coverage Ratio (PCR) increased to 71.2%, further strengthening the bank’s resilience. Gross slippages were reported at ₹1,348 crore, while retail fresh slippages remained flat QoQ at ₹1,174 crore.

Strategic Focus on Profitability:
YES BANK’s Managing Director and CEO, Mr. Prashant Kumar, highlighted the consistent growth in profitability, stating:

“This is the fifth consecutive quarter of sequential profitability expansion. Notably, the reduction in deposit balances placed for PSL shortfalls and stable retail fresh slippages are driving improved margins and lower credit costs.”

Key trends emphasized include:

  • Enhanced operating profitability.
  • CASA deposits outpacing industry growth at 33.3% YoY.
  • Sustained 25%+ YoY growth in SME and mid-corporate segments.

Innovation, Inclusivity, and Governance:
YES BANK achieved several milestones in Q3 FY25:

  • Digital Innovation: Launched the YES Business app, powered by ‘IRIS Biz by YES BANK,’ featuring over 100 integrated tools for MSMEs.
  • Leadership Strengthening: Appointed Mr. Manish Jain as Executive Director with RBI approval.
  • Recognition: Named a ‘Great Place to Work®’ for the third consecutive year, affirming its commitment to workplace excellence.
  • Women Empowerment: Introduced YES PowherUp, a specialized MSME program in collaboration with FICCI FLO, to empower women entrepreneurs.

YES BANK’s Q3 FY25 results demonstrate its unwavering focus on profitability, innovation, and inclusivity, aligning with its strategic goals and commitment to India’s growth story.