YES Bank Q3 results: Net profit soars 55% YoY to ₹952 crore, net interest income rises 11%

It had logged a profit of ₹612.27 crore in the same period of the previous fiscal year, the bank said in a regulatory filing.

The bank's net interest income (NII) stood at ₹2,465 crore during the quarter under review, marking a 10.8% annual increase from ₹2,223 crore in the December quarter of the 2024-25 fiscal year (Q3 FY25).

However, its total interest income for the quarter remained subdued at ₹7,543 crore as compared to ₹7,829 crore in the same period last year.

Its net interest margin (NIM) stood at 2.6% in the December FY26 quarter, up by 10 basis points (bps) quarter-on-quarter (QoQ) from 2.5% in the second quarter of the current fiscal year. On a YoY basis, it grew by 20 bps from 2.4% in Q3 FY25.

Its asset quality remained largely unchanged, as its gross non-performing assets (GNPAs) edged down to 1.5% in Q3 FY26, compared to 1.6% in the previous quarter. However, its net non-performing assets (NNPAs) stayed flat at 0.3% sequentially.

Commenting on the earnings, Prashant Kumar, Managing Director & CEO of 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.”

Its total deposits grew by 5.5% YoY to ₹2.92 lakh crore (or ₹2,92,524 crore), with “continued outperformance in CASA (Current Account and Savings Account) deposits.”

Its retail & branch-led deposits advanced 9% annually to ₹1.73 lakh crore (or ₹1,73,305 crore) for the reporting quarter, YES Bank stated.

The bank’s CASA stood at ₹99,483 crore in the December quarter of FY26, marking an 8.5% YoY growth. Its CASA ratio was at 34%, up from 33.1% in Q3 FY25 and 33.7% in Q2 FY26.

It clocked ₹2.57 lakh crore (or ₹2,57,451 crore) in net advances, up by 5.2% annually and 2.9% sequentially.

“Strengthening the 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,” he added.

YES Bank’s total disbursements came in at ₹26,982 crore for the third quarter of the current fiscal year, reflecting a 7% YoY increase, led by the sustenance of growth momentum across segments.

Furthermore, the disbursements of its retail assets jumped by 15% YoY, it added.

Its return on assets (RoA) stood at 0.9% in Q3 FY26, as against 0.6% in the year-ago and quarter-ago period. Additionally, excluding the impact of gratuity, its RoA was at 1%.

“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 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,” Kumar stated.

The bank said that it opened 33 new branches in Q3 FY26 and 76 branches in the nine months ending FY26, achieving 95% of the full-year target of 80 branches.

Furthermore, YES Bank was included in the NIFTY BANK index effective from December 31, 2025.

Shares of YES Bank closed 2.18% higher at ₹23.45 per unit on the National Stock Exchange (NSE) on Friday.

It has a total market capitalisation of ₹73,583.69 crore, as of January 17, 2026, according to data on the NSE.