YES Bank announced Q3FY25 results Net Profit for Q3FY25 at Rs 612 crore at 2.6x of Q3FY24 Net Profits and up 10.7% QoQ. Operating Profit at Rs 1,079 crore up 24.9% YoY and 10.6% QoQ. NII at Rs 2,224 crore for Q3FY25 up 10.2% YoY; NIMs at 2.4% flat YoY and QoQ. Non-Interest Income for Q3FY25 at Rs 1,512 crore up 26.6% YoY and 7.5% QoQ. Operating Expenses grew 13.2% YoY and only 0.9% QoQ. Cost-to-Income Ratio sequentially lower for second consecutive quarter at 71.1% v/s. 73.1% (Q3FY24) and 73.0% (Q2FY25). RoA for Q3FY25 at 0.6% v/s. 0.2% in Q3FY24 & 0.5% in Q2FY25. Balance Sheet momentum sustains with effective execution in line with strategic objectives. Sustained momentum in Deposit accretion with focus on CASA Ratio expansion and Retail & Branch Banking led Deposits o Average Deposit balances up 15.7% YoY and 2.3% QoQ. Retail & Branch Banking led Deposits growth at 21.8% YoY and 5.3% QoQ. CASA Ratio at 33.1% up 340 bps YoY and 110 bps QoQ. CA growth at 21.1% YoY, with avg. CA Balances growing 22.1% YoY. SA growth at 33.3% YoY & 9.2% QoQ, with avg. SA growth at 32.1% YoY & 9.0% QoQ. Net Advances Growth at 12.6% YoY aided by. Sustained growth momentum in SME (up 26.7% YoY). Mid Corporate Advances up 26.7% YoY. Corporate Advances up 26.8% YoY and 7.5% QoQ. Retail Advances growth flattish QoQ, in line with strategy to improve profitability. NIL PSL shortfall for Q3FY25 across overall requirement and sub-categories. Reduction in balances of mandated deposits in lieu of PSL Shortfalls from 10.4% of Assets as of Q2FY25 to 8.5% as of Q3FY25- in line with earlier guidance. Sustained improvement in Asset Quality metrics: GNPA ratio lower YoY, PCR at 71.2%. (NNPA + net carrying value of SRs) as % of Net Advances significantly lower on YoY & QoQ basis at 0.6% in Q3FY25 v/s. 1.7% in Q3FY24 and 0.9% in Q2FY25. Resolution momentum sustains with recoveries and resolutions at Rs 1,843 Crs1 in Q3FY25, cumulative recoveries and resolutions in 9MFY25 at Rs 4,443 crore. Fresh Slippages for Q3FY25 in Retail Segment flat on QoQ basis. Prashant Kumar, Managing Director & CEO, YES BANK, said: “Q3FY25 is the fifth quarter in a row where the Bank has demonstrated sustained sequential expansion in profitability. The RoA of the Bank has also expanded to 0.6% from 0.5%, reported over the last 3 quarters. It is quite encouraging that we have also started seeing expansion in our Operating Profitability. Two distinct trends which I think are important to highlight in terms of trajectory of the Bank’s profitability going forward are, 1) reduction in balances of deposits placed in lieu of PSL shortfalls to 8.5% of Assets this quarter, from 10.4% of Assets in Q2FY25, and 2) fresh slippages in Retail Segment remaining flat on QoQ basis. Both of these are in line with our earlier guidance, and while one of the factors is likely to aid expansion in Net Interest Margins and Operating Profits, the other may likely result in reduction of gross credit costs. Other key vectors of the Bank continue to post encouraging trends in line with our strategic objectives. The Deposits momentum sustained with around 15% YoY growth, wherein the Avg. Balances recorded a higher 15.7% YoY and 2.3% QoQ growth. Outperformance to Industry continued on CASA acquisition, with CA and SA deposits growing 21.1% YoY and 33.3% YoY respectively and the Avg. balances recording a similar growth. On the Advances front, SME and Mid Corporate segments maintained 25%+ YoY growth trajectory, while strategic reorientation continued in the Retail segment, aimed at profitability improvement. Q3FY25 was another strong quarter of Fee Income performance, aided by the granular and transactional fee streams. Asset Quality also further improved with (NNPA + Net Carrying Value of SRs) now at 0.6%.” Result PDF