Yes Bank reported a strong performance in Q3FY25, with its net profit surging 168 percent year-on-year to Rs 612.3 crore, compared to Rs 231.6 crore in the same period last year. The rise in profitability reflects the bank’s efforts in improving asset quality and operational performance.
Key Financial Highlights
The bank’s net interest income was up 10.2 percent year-on-year at Rs 2,223 crore, on the back of stable NIMs at 2.4 percent. Non-interest income too jumped by a good 26.6 percent year-on-year to Rs 1,512 crore.
GNPA ratio improved sequentially to 1.6% in Q3FY25 from 2.02% a quarter ago, while net NPAs remained stable at 0.5% underpinned by a strong provision coverage ratio (PCR) of 71.2%, against 56.6% YoY.
Yes Bank said that its net advances grew 12.6% year-on-year to Rs 2.45 lakh crore in diversified lending in retail, SME, and the corporate segment. In absolute numbers, fresh disbursement stood at Rs 25,256 crore during the quarter ended December. Its total deposits expanded 14.6% year-on-year to Rs 2.77 lakh crore, led by an increase of 21.8% growth in retail and branch banking deposits. The CASA ratio improved to 33.1% from 29.7% in Q3FY24.
The shares of Yes Bank, despite strong financial results, settled 1.25% lower at Rs 18.24 on January 25, 2025, on the BSE.
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Source: Moneycontrol
News Desk
