Yes Bank reported a stellar 34 percent surge in its first-quarter net profit on Saturday, comfortably driven by robust credit demand and strong loan growth. The private sector lender posted a net profit of ₹1,070 crore ($111.13 million) for the three months ended June 30, marking a substantial increase from the ₹800 crore recorded in the same period last fiscal year.
The bank’s impressive financial momentum aligns with a broader credit expansion across India, which has extended into the first quarter of the fiscal year. This upward trajectory has been heavily supported by rising corporate borrowing alongside highly resilient demand for personal loans, loans against gold, and credit requirements from small businesses. Benefiting directly from this environment, Yes Bank’s net interest income (NII)—the difference between interest earned and interest expended—rose by 17.5 percent year-on-year to hit ₹2,790 crore. This growth was anchored by a solid 18.3 percent expansion in the bank’s total loan book, while its deposits grew by 14.3 percent during the quarter.
On the asset quality front, Yes Bank maintained a highly stable position. The lender reported that its gross non-performing assets (NPAs), or bad loans, stood steady at 1.3 percent of its total advances at the end of June. Meanwhile, managing its risk provisions, the funds kept aside by the bank to counter potential bad loans and other unforeseen losses rose sequentially by 110 percent to reach ₹390 crore. This balanced performance underscores Yes Bank’s ability to capitalize on India’s strong economic activity while maintaining a tight grip on asset quality.
