YES BANK (the Bank) reported a strong set of Q4 and full year FY26 results, with net profit for the quarter rising to Rs 10.68 bn, up 44.7 per cent year on year and 12.3 per cent quarter on quarter, and FY26 net profit at Rs 34.76 bn, up 44.5 per cent. Return on assets stood at one per cent in Q4 and zero point eight per cent for FY26, while net interest margin improved to two point seven per cent in the quarter. Cost to income ratio narrowed to 63.0 per cent in Q4 and 66.7 per cent for FY26.

Balance sheet momentum accelerated as total deposits reached Rs 3,189.69 bn, up 12.1 per cent year on year, with current and savings account deposits at Rs 1,119.59 bn and a CASA ratio of 35.1 per cent. Advances increased to Rs 2,734.45 bn, up 11.1 per cent year on year, supported by disbursements of Rs 332.24 bn in Q4 and FY26 disbursements of Rs 1,035.45 bn, which exceeded Rs 1 tn. Retail and branch led deposits rose to Rs 1,861.86 bn, reflecting a stronger shift toward granular liabilities.

Asset quality showed marked improvement, with gross non performing assets at one point three per cent and net non performing assets at zero point two per cent. Retail slippages were lowest in nine quarters at Rs 8.88 bn in Q4 and gross slippages were Rs 11.02 bn. Net credit costs for FY26 were restricted to zero point two per cent of average assets and the provision coverage ratio stood at 81.9 per cent.

The Bank reported operating profit of Rs 16.18 bn for the quarter and non interest income of Rs 17.30 bn. It opened six branches in the quarter and 82 in the year, and received recognition for financial reporting and ESG performance, with an improved S&P Global ESG score to 79 in 2025. Management noted that SMBC became the largest shareholder and indicated priorities to strengthen the franchise and pursue high quality growth in FY27.