Yes Bank (YESBANK) Q3 25/26 earnings summary

Executive summary

• Net profit for Q3 FY26 reached INR 952 crores, up 55.4% YoY, with operating profit at INR 1,234 crores, and annualized ROA at 0.9%.

• Asset quality improved with GNPA at 1.5% and NNPA at 0.3%, both lower YoY.

• Retail business achieved breakeven this quarter, expected to contribute significantly to future profitability.

• CASA ratio rose to 34.0%, and CET 1 ratio improved to 13.9%.

• Un-audited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025, were approved and released, with a limited review by joint statutory auditors who issued unmodified reports.

Financial highlights

• Net Interest Income for Q3FY26 was INR 2,466 crores, up 10.9% YoY; Non-Interest Income was INR 1,633 crores, up 8.0% YoY.

• NIM for Q3 was 2.6%, up 12 bps QoQ and 24 bps YoY.

• Cost-to-income ratio (adjusted) improved to 66% from 71.1% YoY.

• Total advances stood at INR 2.57 lakh crores, up 5.2% YoY; total deposits at INR 2.93 lakh crores, up 5.5% YoY.

• Provision costs (non-tax) dropped sharply to INR 22 crores, down 91.5% YoY.

Outlook and guidance

• Targeting 1% ROA for FY27 and 1.5% in the midterm.

• Credit growth for FY26 expected around 8%, with next year’s growth in line with the market.

• Guidance to reduce RIDF balances below 5% of total assets by FY27.

• No material financial impact is expected from ongoing AT-1 bond litigation, pending Supreme Court verdict.

• The bank continues to monitor regulatory changes, including new Labour Codes, and will account for impacts as rules are finalized.