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
