FILE PHOTO: A private security guard stands outside a branch of Yes Bank in New Delhi, India, August 30, 2024. REUTERS/Ainnie Arif/File Photo | Photo Credit: AINNIE ARIF
Yes Bank reported a 44.7 per cent rise in fourth-quarter profit on Saturday, supported by improving loan growth and stable asset quality.
The private lender's standalone net profit rose to ₹1070 crore for the quarter ended March 31, from ₹730 crore a year earlier.
After months of subdued growth, credit demand at Indian lenders picked up in the second half of the year, fuelled by consumption tax cuts and a recovery in corporate lending.
The private lender's loans grew 10.7% year-on-year during the quarter, accelerating from about 5.2% growth in the previous quarter, helped by a pickup in corporate lending, while deposits rose 12.1%.
Net interest income, or the difference between interest earned on advances and paid on deposits, increased marginally to 76.5 billion rupees.
The lender, which grappled with stress in retail segments like microfinance, has started to see improvement in asset quality, with gross bad loans as a percentage of total loans improving to 1.3% at March-end from 1.5% at the end of December.
Provisions for potential bad loans fell 41% to ₹187 crore .
Published on April 18, 2026
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