Yes Bank reports strong Q2 FY26 performance with profit growth

Yes Bank reported an 18.3% year-on-year increase in Q2 FY26 net profit to INR 654 crore, with operating profit up 32.9% to INR 1,296 crore. Total deposits grew 6.9% year-on-year to INR 2,96,276 crore, maintaining outperformance in CASA with a ratio of 33.7%. Net advances reached INR 2,50,212 crore, growing 6.4% year-on-year, supported by strong disbursements across segments.

Asset quality improved, with gross slippages at INR 1,248 crore (2.0% of advances) and a provision coverage ratio of 81.0%. The bank's CET I ratio stood at 13.9%. Notably, SMBC became the largest shareholder with a 24.2% stake. The bank also opened 43 new branches, progressing towards its target of 80 for FY26.

These results were further supported by upgraded credit ratings from India Ratings and CRISIL to AA- (from A) with a stable outlook. Yes Bank affirmed its commitment to achieving a 1% RoA by FY27 through continued focus on profitability enhancement and digital transformation.