Slippages lower at 1.6% of Advances (v/s 2.0% in Q2FY26 and 2.2% in Q3FY25)
FinTech BizNews Service
Mumbai, 17 January 2026: YES BANK today announced financial results for the quarter ended December 31, 2025.
Q3FY26 - Key Highlights |
§ Q3FY26 PAT at INR 952 Crs, up 55.4% Y-o-Y & 45.4% Q-o-Q. Adjusted for Gratuity impact PAT at INR 1,068 Crs, up 74.4% Y-o-Y • RoA at 0.9% v/s 0.6% in Q3FY25 & Q2FY26; Excluding gratuity impact RoA at 1.0% • NIM at 2.6% for Q3FY26 v/s 2.4% in Q3FY25 and 2.5% in Q2FY26 o Cost of Deposits lower by 50bps Y-o-Y and 10bps Q-o-Q at 5.6% • Non-Interest Income at INR 1,633 Crs, up 8.0% Y-o-Y • Operating Profit (Adjusted for Gratuity impact) for Q3FY26 at INR 1,389 Crs up 28.7% Y-o-Y and 7.1% Q-o-Q • C/I (Adj. for Gratuity impact) Ratio improved to 66.1% v/s 71.1% in Q3FY25 & 67.1% in Q2FY26 § Steady Sequential expansion in Balance Sheet; CASA momentum continues • Retail & Branch Led Deposits at INR 1,73,305 Crs grew 9.0% Y-o-Y; on AQB1 basis growth was even higher at 12.0% Y-o-Y • CASA Deposits at INR 99,483 Crs grew 8.5% Y-o-Y; AQB1 growth was at 13.6% Y-o-Y • Net Advances at INR 2,57,451 Crs, up 5.2% Y-o-Y and 2.9% Q-o-Q • Total Disbursements at INR 26,982 Crs, up 7% Y-o-Y, led by sustenance of growth momentum across segments; Retail assets- Disbursements up ~15% Y-o-Y § Significant improvement in Asset Quality • Slippages lower at 1.6% of Advances (v/s 2.0% in Q2FY26 and 2.2% in Q3FY25) • GNPA ratio at 1.5% down 10 bps Q-o-Q and NNPA ratio at 0.3%, stable Q-o-Q • PCR further improves to 83.3% (v/s 71.2% in Q3FY25 & 81.0% in Q2FY26) • Net Credit Costs negligible for the quarter; Provision for NPAs at 0.5% of Avg. assets v/s 0.7% in Q2FY26 and Q3FY25 § YES BANK included in the NIFTY BANK Index effective 31-Dec-2025 § S&P Global ESG Score improved from 73 to 79 in 2025 — the Bank’s highest ever, reflecting significant progress in Environmental, Social, and Governance performance |
Commenting on the results and financial performance, Mr. Prashant Kumar, Managing Director & CEO, YES BANK said, “Q3FY26 marks a breakthrough quarter for the Bank powered by a confluence of factors such as acceleration in profitability, sharp improvement in Asset Quality, gathering momentum in business volumes (disbursements) and continued industry-leading performance in CASA.
The Bank’s Quarterly RoA (excluding the gratuity impact) has touched the critical milestone of 1.0% for the first time since reconstruction. At the operating level, this has been driven by expansion in NIMs, buoyancy in Fee income and a tight control over operating costs. In addition to this, the net credit costs for the quarter were negligible, supported by an eight-quarter low slippage at 1.6% of advances and continued redemptions from the Security Receipts portfolio.
Strengthening CASA ratio despite a challenging industry backdrop is aiding sharper improvement in Cost of Deposits vis-à-vis peers. Moreover, with disbursement momentum gathering pace, particularly in Retail, we expect to see acceleration in growth over the coming quarters. Aided by these tailwinds, we remain firmly on course to deliver on our strategic objectives and build a resilient, high-quality franchise that creates long-term value for the stakeholders.”
Q3FY26 - Financial Highlights | ||||||
| Profit and Loss | |||||
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| § Q3FY26 NII at INR 2,466 Crs, up 10.9% Y-o-Y & 7.2% Q-o-Q § NIM for Q3FY26 at 2.6% up 20 bps Y-o-Y and up 10 bps Q-o-Q, as reduction in balances of deposits made in lieu of PSL shortfalls and deposit rate cuts/ repricing impact, more than offset the Asset repricing impact § Non-Interest Income at INR 1,633 Crs, up 8.0% Y-o-Y § Strong cost control by the Bank enabled restricting Operating Costs (adj. for gratuity impact) growth- at INR 2,709 Crs, up only 2.0% Y-o-Y and 2.3% Q-o-Q § Net Provision Costs (Non-Tax) at INR 22 Crs leading to negligible Credit Costs for the quarter § Operating Profit for Q3FY26 at INR 1,234 Crs, up 14.3% Y-o-Y. Operating Profit (Adjusted for Gratuity impact) for Q3FY26 at INR 1,389 Crs up 28.7% Y-o-Y § Net Profit for Q3FY26 at INR 952 Crs, up 55.4% Y-o-Y & 45.4% Q-o-Q. Net Profit (adj. for Gratuity impact) at INR 1,068 Crs, up 74.4% Y-o-Y and 63.2% Q-o-Q § Q3FY26 RoA at 0.9% v/s 0.6% in Q3FY25 & 0.6% in Q2FY26; RoA (adj. for gratuity impact) at 1.0% for Q3FY26 § RoE at 7.7% for Q3FY26, v/s 5.2% in Q3FY25 and 5.4% in Q2FY26 | ||||
| Balance Sheet | |||||
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| § Net Advances at INR 2,57,451 Crs, registered growth of 5.2% Y-o-Y and 2.9% Q-o-Q, driven by momentum in Commercial Banking, Large Corporates and Credit Cards • Retail Assets Disbursement, up 15% Y-o-Y § C/D ratio at 88.0% v/s 88.3% in Q3FY25 and 84.5% in Q2FY26 § Total Deposits at INR 2,92,524 Crs grew 5.5% Y-o-Y with continued outperformance in CASA Deposits • CASA Ratio at 34.0% v/s 33.1% in Q3FY25 and 33.7% in Q2FY26 • CA balances grew 3.0% Y-o-Y • SA balances grew 12.7% Y-o-Y and 5.2% Q-o-Q § Average Quarterly LCR during the quarter remains healthy at 123.8%; LCR as on December 31, 2025, at 124.3% § CET I Ratio stands at 13.9% v/s 13.3% in Q3FY25 and 13.9% in Q2FY26 • RWA to Total Assets at 73.9% v/s 72.3 % in Q3FY25 and 71.7% in Q2FY26 § Deposits made in lieu of prior period PSL shortfalls at INR 29,225 Crs - lower 16.8% Y-o-Y and 12.9% Q-o-Q, now account for 6.9% of Total Assets; consequently, Borrowings down 9.6% Y-o-Y | ||||
Asset Quality | |||||
| § GNPA Ratio at 1.5% in Q3FY26 down 10 bps both Y-o-Y and Q-o-Q § NNPA Ratio at 0.3% in Q3FY26 down 20 bps Y-o-Y and flat Q-o-Q § PCR at 83.3% in Q3FY26 v/s 71.2% in Q3FY25 and 81.0% in Q2FY26 § Net Credit Costs negligible for the quarter; Provision for NPAs at 0.5% of Avg. assets v/s 0.7% in Q2FY26 and Q3FY25 § Gross Slippages for Q3FY26 at INR 1,050 Crs (1.6% of Advances) v/s INR 1,248 Crs (2.0% of Advances) in Q2FY26 § Retail Slippages at 3.7% of Retail Advances, lowest in last 7 quarters; improvements across both Secured & Unsecured portfolios § Total Recoveries & Upgrades for Q3FY26 at INR 1,224 Crs including gross P&L gain from Security Receipts of INR 555 Crs | ||||
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