Yes Bank Q4 Results: Net profit rises 45% to Rs 1,068 crore, NII up 16% YoY

Net interest income (NII) also saw healthy growth, increasing 16% YoY to Rs 2,637.7 crore from Rs 2,276.3 crore. Net interest margin (NIM) for Q4FY26 came in at 2.7%, up 20 bps year-on-year and 10 bps sequentially, supported by a lower cost of deposits and a reduction in balances of PSL shortfall deposits. For the full year FY26, NIM stood at 2.6%, reflecting an improvement of 20 bps YoY.

Net advances stood at Rs 2.73 lakh crore, registering a growth of 11.1% year-on-year and 6.2% quarter-on-quarter, driven by momentum across key business segments. Retail asset disbursements surged around 41% YoY, while corporate & institutional banking advances grew 19.7%. Commercial Banking advances rose 14.5%, and Retail Banking advances increased 4.7% over the same period.

Asset quality continued to improve in Q4FY26, with the gross NPA ratio declining to 1.3%, down 30 bps year-on-year and 20 bps sequentially. The net NPA ratio stood at 0.2%, improving by 10 bps both YoY and QoQ. Provision coverage ratio (PCR) came in at 81.9%, compared to 79.7% in Q4FY25 and 83.3% in Q3FY26.

Credit costs remained contained, with net credit cost for the quarter at 0.2% of average assets, compared to 0.3% in Q4FY25. For the full year FY26, credit costs were also restricted to 0.2%, improving from 0.3% in FY25.

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Gross slippages for the quarter stood at Rs 1,102 crore, or 1.6% of advances, compared to Rs 1,050 crore (1.6% of advances) in Q3FY26. Retail banking slippages fell to their lowest level in the past nine quarters at Rs 888 crore, or 2.8% of advances, versus Rs 1,026 crore (3.4% of advances) in the previous quarter.

Recoveries and upgrades remained strong, with recoveries at Rs 1,547 crore in Q4FY26 and Rs 4,795 crore for FY26. This includes P&L gains from security receipts of Rs 446 crore in Q4FY26 and Rs 1,559 crore for the full year.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)