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Yes Bank reported a 15.1% Income increase year-over-year for Q2 FY24-25, reaching ₹3,607 Cr. The bank achieved a net profit of ₹553 Cr, marking a 145.6% increase over the previous year, driven by improved operating profit and strategic growth in SME and mid-corporate advances. Here’s an in-depth look at the quarter’s performance and management insights.
Yes Bank’s consolidated performance in Q2 FY24-25 saw significant gains with a total income of ₹3,607 Cr and a notable PAT of ₹553 Cr, showing the effectiveness of its cost management and income strategies. The bank’s operating profit also rose, reaching ₹975 Cr, marking a 21.7% YoY increase. Despite challenges, the GNPA ratio improved to 1.6%, indicating strong asset quality management.
Metric | Q2 FY24-25 (₹ Cr) | Q2 FY23-24 (₹ Cr) | YoY Change (%) |
Net Interest Income (NII) | 2,200 | 1,925 | +14.3 |
Non-Interest Income | 1,407 | 1,210 | +16.3 |
Total Income | 3,607 | 3,135 | +15.1 |
Operating Profit | 975 | 801 | +21.7 |
Provisions | 297 | 500 | -40.6 |
Net Profit | 553 | 225 | +145.6 |
Advances | 2,35,117 | 2,09,106 | +12.4 |
Deposits | 2,77,214 | 2,34,360 | +18.3 |
CASA Ratio (%) | 32.0 | 29.4 | — |
Yes Bank’s performance reflects a stable growth outlook amidst the banking sector’s current trends. The bank’s robust CASA ratio and strong advances in growth in SME and corporate segments benchmark favourably against industry expectations. Enhanced focus on asset quality and customer-centric deposit mobilisation aligns well with sector strategies.
Prashant Kumar, MD & CEO of Yes Bank, remarked, “The Bank continues to deliver on its strategic objectives, with strong growth in SME and Mid Corporate segments, resumed growth in the corporate segment, and calibrated growth in the Retail segment focused on profitability. The Bank also maintains NIL PSL shortfalls. These drivers have supported healthy Operating Profit and Net Profit growth. RoA has consistently remained at 0.5% over the last three quarters. The Bank has strengthened its management team with senior hires in Retail Assets and Financial Markets and received credit rating upgrades over the last two quarters.”
Check out Yes Bank's past performances in previous quarters and financial years.
Yes Bank’s Q2 FY24-25 results highlight a well-rounded performance with gains in revenue, profit, and deposit growth. The bank’s focus on expanding low-cost deposits and targeted advances in key sectors reflects a solid growth trajectory, positioning it favourably within the competitive banking landscape.
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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