Yes Bank Q2 results: Standalone PAT up 18% YoY at Rs 654 crore, NII up 4.5%

Private lender Yes Bank on Saturday announced its results for the quarter ended September 30, 2025, in which the bank reported an 18.3% year-on-year increase in its profit after tax (PAT) at Rs 654.47 crore, compared to Rs 553.04 crore a year ago.

Meanwhile, net interest income (NII) for the said quarter stood at Rs 2,300.88 crore, registering a growth of 4.5%. This is compared to net interest income of Rs 2,200.44 crore in the same quarter of the last fiscal.

However, on a quarter-on-quarter basis, the bank’s PAT saw a decline of 18.3%, from Rs 801.06 crore as on June 30, 2025.

Yes Bank’s total revenues also showed a marginal decline of 1.24% to Rs 9,023.15 crore, against Rs 9,137.09 crore in the corresponding quarter of the previous fiscal.

In terms of asset quality, the bank’s gross non-performing assets (GNPA) stood at Rs 4,055.31 crore, compared to Rs 3,889.43 crore in the same quarter of FY25. However, net non-performing assets (NNPAs) fell to Rs 770.84 crore from Rs 1,168.02 crore in Q2FY25.

In percentage terms, the GNPA remained stable at 1.6%, indicating effective credit monitoring and recovery efforts. Net NPA (NNPA) also remained contained at 0.3%, compared to 0.5% in the previous comparable period. Net Interest Margin (NIM) remained stable quarter-on-quarter at 2.5%, marking an improvement of 10 basis points year-on-year, supported by a decline of 40 basis points year-on-year and 20 basis points quarter-on-quarter in the cost of deposits, which stood at 5.7%. 0.6%, compared to 0.5% in Q2FY25 and 0.8% in Q1FY26.

Operating costs were virtually flat, rising just 0.6% year-on-year but declining 4.2% quarter-on-quarter. Operating profit stood at Rs 1,296 crore, up 32.9% year-on-year, although it declined sequentially. Excluding government bond income, operating profit grew 31.8% quarter-on-quarter, driven by strong core revenue growth and cost efficiency.

On the balance sheet, the bank’s total deposits stood at Rs 2,96,276 crore, up 6.9% year-on-year and 7.4% quarter-on-quarter. CASA deposits increased by 12.5% ​​year-on-year, with the CASA ratio improving by 170 basis points year-on-year and 90 basis points quarter-on-quarter to 33.7%. The retail and branch banking segments continued to drive deposit growth, up 13.7% year-on-year, while retail CASA reached 39.6%.

The bank’s advances crossed the Rs 2.5 lakh crore mark, with net advances at Rs 2,50,212 crore, reflecting an increase of 6.4% year-on-year and 3.8% quarter-on-quarter, supported by a surge in disbursements across key segments.