Yes Bank reported a net profit of ₹1,071 crore for the quarter ending June 2026, marking a 33.7% year-on-year increase and a 0.2% rise quarter-on-quarter, according to livemint.com. The private sector lender's net interest margin (NIM) improved by 20 basis points year-on-year to 2.7%, supported by a lower cost of deposits and reduced priority sector lending shortfall balances.
The bank's advances grew 18.3% year-on-year and 4.3% quarter-on-quarter, while deposits increased 14.3% year-on-year. On an average quarterly balance basis, advances and deposits expanded 15.1% and 14.8% year-on-year, respectively. CASA deposits also stood at 14.3% year-on-year growth, reflecting a steady increase in low-cost deposits, which helped improve the bank's overall funding profile.
This performance underscores Yes Bank's ongoing recovery and growth trajectory after restructuring efforts in recent years. The advances growth rate outpaces many peers in the private banking sector, indicating strong credit demand and effective risk management. The improvement in NIM and deposit costs highlights the bank's ability to optimize its balance sheet amid competitive market conditions.
Yes Bank's share price closed at ₹23.53 on the reporting day, as per livemint.com. The bank's next quarterly earnings release will provide further insight into whether this growth momentum sustains amid evolving macroeconomic factors.