Yes Bank Q4 Financial Highlights

Private sector lender Yes Bank has announced a remarkable 63.3% year-on-year increase in standalone net profit, reaching Rs 738 crore for the March quarter. This performance not only showcases the bank's robust growth trajectory but also exceeds market expectations.

Net Interest Income and Asset Quality

The bank's net interest income (NII) saw a healthy rise of 5.7% YoY to Rs 2,276.3 crore. Furthermore, Yes Bank has made significant strides in improving its asset quality, with net non-performing assets (NPA) dropping to 0.3% from 0.5% in the previous quarter.

Advances and Deposits Growth

Advances grew by 8.1% YoY to Rs 2.46 lakh crore, while the deposit base increased by 6.8% YoY to Rs 2.85 lakh crore in Q4, indicating a strong customer trust and bank's expanding footprint.

Leadership's Perspective

"The Bank exited the year with a quarterly RoA of 0.7%, achieved 100% PSL compliance, and improved Gross and Net NPA ratios to 1.6% and 0.3% respectively," stated Yes Bank MD and CEO Prashant Kumar, highlighting the bank's strategic focus and operational efficiency.