Yes Bank Ltd announced on Saturday a 33.7% year-on-year increase in first-quarter net profit, surpassing analyst forecasts. The result was driven by robust loan growth and double-digit gains in core interest income.
The private lender posted a standalone net profit of Rs 1,071 crore for the quarter ended June 30, 2026, compared with Rs 801 crore in the corresponding period last year. This exceeded the average analyst projection of Rs 977 crore.
The bank’s Net Interest Income rose 17.5% year-on-year to Rs 2,786.46 crore from Rs 2,371.47 crore a year earlier. Gross interest income reached Rs 8,044 crore.
Operating profit grew 25.5% to Rs 1,704 crore, above market expectations of Rs 1,579 crore.
Gross advances increased 18.4% year-on-year to Rs 2.85 lakh crore, reflecting continued momentum in corporate and retail lending. Total deposits rose 14% to Rs 3.15 lakh crore, though they declined slightly from the March quarter amid industry-wide competition for deposits. The bank’s short-term Liquidity Coverage Ratio remained strong.
Asset quality stayed stable, with the Gross Non-Performing Asset ratio at 1.3%. Provisions for the quarter totaled Rs 394 crore, higher than the anticipated Rs 296 crore, as the bank strengthened reserves against unsecured lending risks.
