Deposits amounted to ₹2,92,484 crore, reflecting a 5.5% YoY rise from ₹2,77,224 crore, although they dipped slightly by 1.3% QoQ from ₹2,96,276 crore. The certificate of deposits (CDs) saw a minor increase to ₹990 crore from ₹987 crore in the previous quarter.
The bank’s CASA (current and savings accounts) reached ₹99,443 crore, marking an 8.5% YoY growth, with a CASA ratio, including CDs, at 34.0%, up from 33.1% a year ago.
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Yes Bank’s credit-to-deposit ratio improved to 88.0% from 84.5% QoQ, compared to 88.3% in December 2024. The liquidity coverage ratio (LCR) stood at 123.8% for the quarter, in contrast to 125.1% in the previous quarter and 133.2% a year ago.
Second Quarter Results
Yes Bank posted an 18.4% year-on-year increase in net profit for the September quarter. The bank reported a net profit of ₹655 crore for the second quarter ending September 30, surpassing the ₹553 crore profit reported the previous year.
Net interest income (NII) rose by 4.6% year-on-year to ₹2,300 crore from ₹2,200 crore, according to the bank’s exchange filing. Yes Bank noted its return on assets (RoA) at 0.6%, compared to 0.5% in the same quarter last year, while the net interest margin (NIM) remained steady at 2.5%, reflecting a 10 basis points YoY increase.
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Non-interest income jumped 16.9% year-on-year to ₹1,644 crore, fueled by increased fee income from forex, loan processing, and distribution. Operating profit surged by 32.9% YoY to ₹1,296 crore, with the cost-to-income ratio improving to 67.1% from 73% a year earlier. The bank exercised tight control over its expenses, with operating costs rising just 0.6% YoY and falling 4.2% sequentially.
On Friday (January 2), shares of YES Bank Ltd closed at ₹22.31, down by ₹0.82, or 3.82%, on the BSE.
