Yes Bank Limited (YESBANK) announced its Un-Audited Standalone and Consolidated Financial Results for the Quarter (Q3) and nine months ended December 31, 2025. The bank reported a Profit After Tax (PAT) of ₹952 Crore for Q3FY26, marking a significant year-on-year increase of 55.4% and a quarter-on-quarter increase of 45.4%. Excluding a gratuity impact, the adjusted PAT stood at ₹1,068 Crore, up 74.4% year-on-year.

The bank's performance was driven by several key factors, including a sharp improvement in asset quality, sustained business momentum, strong granular CASA deposits, improved margins, and better asset quality. The Net Interest Income (NII) for Q3FY26 was ₹2,466 Crore, up 10.9% year-on-year and 7.2% quarter-on-quarter. Net Interest Margin (NIM) improved to 2.6% from 2.4% in Q3FY25, with the cost of deposits decreasing by 50 basis points year-on-year.

Asset quality saw significant improvement, with slippages lower at 1.6% of advances compared to 2.0% in Q2FY26 and 2.2% in Q3FY25. The Gross NPA ratio stood at 1.5%, down 10 basis points quarter-on-quarter, and the Net NPA ratio was stable at 0.3%. The Provision Coverage Ratio (PCR) further improved to 83.3%. Net credit costs for the quarter were negligible.

The bank's balance sheet also showed healthy growth, with Net Advances at ₹2,57,451 Crore, up 5.2% year-on-year and 2.9% quarter-on-quarter. Total Deposits grew by 5.5% year-on-year to ₹2,92,524 Crore, with CASA Deposits growing by 8.5% year-on-year. The CASA Ratio stood at a healthy 34.0%.

Other highlights include the inclusion of YES BANK in the NIFTY BANK Index effective December 31, 2025, and an improvement in its S&P Global ESG Score from 73 to 79 in 2025. The bank also opened 33 new branches in Q3FY26, bringing the total for the nine months to 76.