Yes Bank Q1 results: Net profit jumps 59% to Rs 801 crore; treasury gains, other income drive growth

Yes Bank on Saturday reported a 59% year-on-year rise in net profit to Rs 801 crore for the June quarter of FY26, buoyed by strong gains from treasury operations and a sharp uptick in non-core income.

The private sector lender said its other income surged 46% to Rs 1,752 crore, while treasury income swung to a gain of Rs 484 crore from a loss of Rs 32 crore in the year-ago period. Core net interest income grew 5.7% to Rs 2,371 crore, aided by a 5% expansion in advances and a 10 basis point rise in net interest margin to 2.5%, PTI reported.

Managing director and CEO Prashant Kumar said the bank remains cautious on retail lending, preferring not to expand aggressively in low-margin products. However, he expressed confidence in accelerating overall advances growth during the rest of the year and reaffirmed the bank’s full-year loan growth target.

Gross slippages rose to Rs 1,458 crore during the quarter from Rs 1,223 crore in the preceding three months, with Kumar noting that two business accounts that slipped are likely to return to performing status soon.

Kumar also said the proposed 20% stake acquisition by Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is expected to be completed by the end of September. However, he declined to confirm whether SMBC had applied for an additional 5% stake.

Asked about his own tenure following the Reserve Bank of India’s six-month extension, Kumar declined to comment.

He added that Yes Bank does not require fresh capital to support its growth plans, citing a comfortable capital adequacy ratio of 16.2%, with core Tier-1 capital at 14%.