YES BANK has reported a strong financial performance for Q4 and FY26, marked by a consistent rise in profitability, acceleration in growth, improved margins, and better asset quality. The Bank’s net profit for Q4FY26 stood at Rs 1,068 Crs, registering a growth of 44.7 per cent year-on-year and 12.3 per cent quarter-on-quarter, while FY26 net profit reached Rs 3,476 Crs, up 44.5 per cent year-on-year.
Return on Assets for Q4FY26 improved to 1.0 per cent compared to 0.7 per cent in Q4FY25 and 0.9 per cent in Q3FY26, with FY26 RoA at 0.8 per cent. Net Interest Margin for the quarter stood at 2.7 per cent, reflecting an improvement of 20 bps year-on-year and 10 bps quarter-on-quarter, supported by a reduction in the cost of deposits. The cost of deposits declined to 5.5 per cent in Q4FY26, down 60 bps year-on-year.
The Bank reported non-interest income of Rs 1,730 Crs in Q4FY26, while FY26 non-interest income stood at Rs 6,759 Crs, up 15.4 per cent year-on-year. Operating profit for the quarter rose to Rs 1,618 Crs, growing 23.1 per cent year-on-year and 31.2 per cent quarter-on-quarter, with FY26 operating profit at Rs 5,506 Crs, up 29.4 per cent.
Efficiency improvements were reflected in the cost-to-income ratio, which declined to 63.0 per cent in Q4FY26 from 67.3 per cent in Q4FY25, while FY26 C/I ratio improved to 66.7 per cent from 71.3 per cent. The Bank also reported a notable expansion in its balance sheet, with advances reaching Rs 2,73,445 Crs, up 11.1 per cent year-on-year, and deposits crossing Rs 3 lakh Crs to stand at Rs 3,18,969 Crs, registering a growth of 12.1 per cent.
CASA deposits crossed Rs 1 lakh Crs during the quarter, continuing to outperform, while retail and branch-led deposits grew to Rs 1,86,186 Crs, accounting for 58.4 per cent of total deposits. Disbursements for Q4FY26 stood at Rs 33,224 Crs, reflecting a growth of 19.8 per cent year-on-year, with retail disbursements accelerating to around 41 per cent growth.
Asset quality showed significant improvement, with the GNPA ratio declining to 1.3 per cent and NNPA ratio to 0.2 per cent. Retail slippages reduced to Rs 888 Crs, the lowest in the past nine quarters, while net credit costs stood at 0.17 per cent of average assets for the quarter.
Commenting on the performance, Vinay M. Tonse, Managing Director and CEO, YES BANK, said, “YES BANK concluded FY26 on a strong footing, delivering a Q4 RoA of 1.0 per cent in line with our guidance, supported by a 20 bps improvement in NIMs, improvement in Cost to Income ratio and the lowest GNPA and NNPA levels since FY20. Business momentum continued to strengthen, with broad-based growth across advances and deposits, underpinned by a robust CASA-led deposit engine that contributed to lower Cost of Deposits. FY26 also marked an important strategic milestone with SMBC becoming our largest shareholder, reaffirming global institutional confidence in the Bank’s long-term potential. As we move into FY27, our priorities remain firmly anchored in strengthening the franchise, accelerating high-quality growth, and advancing our journey toward building a resilient YES BANK that consistently creates sustainable value for all stakeholders.”
During the year, the Bank achieved several milestones, including receiving the Silver Shield for Excellence in Financial Reporting 2024–25 from ICAI and improving its S&P Global ESG score from 73 to 79 in 2025, the highest among Indian banks for the fourth consecutive year. It was also included in the S&P Global Sustainability Yearbook 2026 and the FTSE4Good Index Series for the third consecutive year, reflecting its continued focus on sustainability and governance.
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