YES BANK's Q4 profit surges 63.3% YoY to Rs 738 cr, NII up 5.7%

YES BANK's fourth quarter net profit jumped 63.3% YoY to Rs 738 crore, its full year profit zoomed 92.3% to Rs 2,406 crore. The bank's fourth quarter net interest income (NII) came in at Rs 2,276 crore, up 5.7% YoY, and the full year NII grew 10.5% to Rs 8,944 crore.

The bank's net interest margin (NIM) for Q4 FY25 stood at 2.5%, showing a sequential upward trend, while the FY25 NIM remained at 2.4%, up 14.5% YoY at Rs 5,857 crore. The private lender, in an exchange filing, said it achieved full priority sector lending (PSL) compliance in FY25, leading to a reduction in mandated deposits for PSL shortfalls.

YES BANK said its balance sheet grew 4.4% in the said quarter, while the net advances growth at 8.1% YoY was aided by growth momentum in SME and mid-corporate advances (at 23.6% & 21.8% YoY, respectively). The private lender said its asset quality metrics and provision coverage ratio also improved during Q4 FY25. "...fresh slippages improving sequentially GNPA at 1.6% vs 1.7% in the year-ago quarter, NNPA at 0.3% vs 0.6% in the year-ago period."

It said the resolution momentum continues to be "strong", with total recoveries and upgrades at Rs 1,480 crore in Q4 FY25 and Rs 5,923 crore in FY25.

Prashant Kumar, Managing Director & CEO, YES BANK, said in the Q4 FY25 quarter, the bank continued to make improvements across metrics. "The Bank exited the year with quarterly RoA of 0.7%, b) achieved 100% PSL compliance, c) further improved its Gross NPA and Net NPA ratios to 1.6% and 0.3% respectively – lowest levels since Mar’20, d) Brought down the net carrying value of Security Receipts to ‘NIL’ and e) Furthered expanded the CASA ratio by 340 bps Y-o-Y to 34.3% in FY25."

He said YES BANK’s core franchise has gained momentum. "By going live with seamless collection facility for GST, the Bank added another important solution for its existing as well as prospective customers and augmented its Digital and Tech Capabilities. Highest ratings by S&P and CDP reaffirmed our commitment to responsible banking,” Kumar added.