Yes Bank (YESBANK) investor relations material

Executive summary

• Net profit rose 33.7% year-over-year to INR 1,071 crores, driven by strong core business performance and improved operating profit and net interest income.

• Advances grew 18.3% year-over-year to INR 2,85,118 crores, led by robust growth in Corporate & Institutional Banking and Commercial Banking.

• Deposits increased 14.3% year-over-year to INR 3,15,373 crores, with CASA ratio at 32.7% and retail & branch-led deposits comprising 59.2% of total deposits.

• The bank is shifting from reliance on one-off gains to sustainable, recurring earnings, reflecting a more stable earnings engine.

• Un-audited standalone and consolidated financial results for Q1 ended June 30, 2026, were approved by the Board and reviewed by joint statutory auditors, with no material misstatements found.

Financial highlights

• Net interest income for Q1FY27 was INR 2,786 crores, up 17.5% year-over-year; operating profit increased 25.5% year-over-year to INR 1,704 crores.

• Non-interest income reached INR 1,798 crores, up 2.6% year-over-year, with core fees growing 18.7% year-over-year.

• NIM improved to 2.7%, up 20 bps year-over-year.

• Cost-to-income ratio improved to 62.8% from 67.1% a year ago.

• Return on assets was 0.9% and return on equity was 8.3% for the quarter.

Outlook and guidance

• Guidance for security receipts portfolio gains remains at INR 800-1,000 crores for FY 2027.

• Aspiration to move NIM above 3% over the next two years, with focus on deposit mix and disciplined repricing.

• Full-year ROA target around 1%, with continued focus on core profitability and calibrated growth in advances and deposits.

• Retail loan growth expected to reach mid-teens by FY 2027 as disbursements translate into book growth.

• The Bank awaits the Supreme Court's verdict on the AT-1 bond write-down, with any financial impact to be reflected in future periods.