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Business Standard
5 days ago
- Business
- Business Standard
Yes Bank Q1 PAT climbs 59% YoY to Rs 801 cr
Yes Bank reported 59.43% surge in standalone net profit to Rs 801.07 crore in Q1 FY26 as against Rs 502.43 crore posted in Q1 FY25. The banks total income rose 4.82% YoY to Rs 9,348.11 crore in the quarter ended 30 June 2025. Profit before tax climbed 59.46% to Rs 1,074.03 crore in Q1 FY26 as against Rs 673.52 crore reported in the corresponding quarter last year. Net Interest Income (NII) for Q1 FY26 stood at Rs 2,371 crore, registering a year-on-year (YoY) growth of 5.65%. Meanwhile, the net interest margin (NIM) improved to 2.5% in Q1 FY26, compared to 2.4% reported in the same quarter last year. During the quarter, operating profit was at Rs 1,358 crore, up 53.44% from Rs 885 crore posted in the same period a year ago. Provisions (other than tax) and contingencies jumped 34.1% YoY to Rs 284 crore for the quarter ended 30 June 2025. In terms of asset quality, the bank's gross non-performing assets (NPAs) rose 4.60% to Rs 4,022.14 crore as of 30 June 2025, compared to Rs 3,844.9 crore as of 30 June 2024. Additionally, net NPAs dropped by 39.01% to Rs 797.25 crore in Q1 FY26, as against Rs 1,246.03 crore in Q1 FY25. The gross NPA ratio decreased to 1.6% as of June 30, 2025, compared to 1.7% as of June 30, 2024. Similarly, the net NPA ratio declined to 0.3% as of June 30, 2025, from 0.5% as of June 30, 2024. The banks total deposits grew by 4.1% YoY to Rs 2,75,843 crore in the quarter ended 30 June 2025. Additionally, the banks total advances increased by 5% YoY to Rs 2,41,024 crore. The banks CASA (Current Account Savings Account) ratio stood at 32.8% as of 30 June 2025, compared to 30.8% in the corresponding quarter of the previous year. Gross slippages for Q4 FY25 stood at Rs 1,458 crore (2.4% of advances), compared to Rs 1,223 crore (2.0% of advances) in Q4 FY25. The banks average quarterly LCR during the quarter remains healthy at 135.8%. During the quarter, Yes Bank's overdue book in the 6190 days declined to Rs 1,322 crore, compared to Rs 1,809 crore posted in Q1 FY25. Commenting on the results and financial performance, Prashant Kumar, managing director & CEO, YES BANK said, The Bank entered the new financial year on a strong footing and delivered a robust performance with net profit rising to Rs 801 crore, marking a 59.4% YoY growth. Key metrics such as RoA (0.8%), PPoP (Rs 1,358 crore), and NIM (2.5%) showed notable improvement. Asset quality remained stable, CASA witnessed healthy growth, and CET1 strengthened to 14.0% Other key highlights of the quarter were i) Credit rating upgrades from Moodys, ICRA, and CARE underscore the Banks solid fundamentals and accelerating growth momentum ii) Sumitomo Mitsui Corporation Bank (SMBC) entered into definitive agreement to acquire ~20% equity stake in YESBANK from SBI & Other Banks." Yes Bank, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to retail, MSME, and corporate clients. The scrip rose 0.10% to end at Rs 20.17 on Friday, 18 July 2025.
Economic Times
23-06-2025
- Business
- Economic Times
YES Bank shares in focus after Rs 201-crore recovery from NPA settlement
YES Bank shares will be in focus on Monday after the private sector lender announced a one-time settlement (OTS) related to a non-performing asset (NPA), resulting in a recovery of Rs 201 crore. ADVERTISEMENT In a stock exchange filing, the bank said, 'YES BANK has executed an OTS in connection with an NPA, and the borrower has paid Rs 201 crore in full and final settlement of the monies owed to the Bank.' The net amount received—after adjusting for the carrying value of the asset—exceeded the materiality threshold under the amended Listing Regulations, thereby triggering a disclosure under Regulation 30. Also Read: 11 Nifty mid & smallcap stocks that can rally 40-90% over the next 12 monthsEarlier this month, international rating agency Moody's upgraded YES Bank's rating to Ba2 from Ba3 and revised the outlook to Stable, citing improvements in the bank's credit profile. The agency also raised the bank's baseline credit assessment (BCA) to ba3 from b1.'YES Bank's 'Ba2' deposit ratings are one notch above its 'ba3' BCA based on our expectation of a moderate likelihood of support from the Government of India in times of need,' Moody's said. ADVERTISEMENT Also Read: Is the grey market premium misleading? Decoding the valuation gap in HDB Financial's IPO Separately, the Reserve Bank of India (RBI) recently approved a six-month extension for Managing Director and CEO Prashant Kumar, effective from October 6 or until a new MD & CEO takes charge. Kumar's current three-year term ends in October, and the bank has initiated a global search for his successor. ADVERTISEMENT In May, Sumitomo Mitsui Banking Corp (SMBC) signed a definitive agreement to acquire a 20% stake in YES Bank for Rs 13,483 crore at Rs 21.5 per share. The stake purchase includes 13.19% from State Bank of India and 6.81% from other banks, including Axis Bank, HDFC Bank, ICICI Bank, and others. ADVERTISEMENT According to Trendlyne, the average target price for YES Bank is Rs 17, suggesting a potential downside of nearly 16% from current levels. Of the 12 analysts tracking the stock, most maintain a 'Sell' stock has gained 17% over the past three months but is still down 18% over the last 12 months. YES Bank's current market capitalisation stands at Rs 61,941 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
India Gazette
27-05-2025
- Business
- India Gazette
Foreign stake in 'YES BANK' could pave way for more foreign participation in Indian banks: Fitch Ratings
ANI 27 May 2025, 13:39 GMT+10 New Delhi [India] May 27 (ANI): The 20 per cent stake buy by Sumitomo Mitsui Financial Group in 'YES BANK' could pave the way for foreign participation in the Indian banking sector, says a report by Fitch Ratings. The Reserve Bank of India's (RBI's) approval of the YES BANK deal could pave the way for similar report adds that increasing voting rights and investment thresholds in Indian banks could further incentivise foreign investors, particularly in the country's mid-sized banking regulations currently cap voting rights for investors in banks at 26 per cent and investments by financial institutions at 15 per cent, which have been a deterrent to larger foreign stake Ratings suggests this on the backdrop of the recently announced proposed acquisition of a 20 per cent stake in YES BANK by Japan's Sumitomo Mitsui Financial Group, Inc. (SMFG), which Fitch views as a potentially significant step towards greater foreign involvement. Additionally, this transaction is also seen as a reflection of YES BANK's recovery since its 2020 regulatory report notes that despite the limits, SMFG's 20 per cent stake will make it the largest shareholder in YES BANK, with two board appointees giving it significant rating agency also points out the RBI's apparent preference for foreign banks with robust performance and governance records to establish wholly-owned Indian subsidiaries if they seek to hold stakes larger than 26 per foreign banks currently hold a relatively small share of India's banking assets (around 6 per cent) and loans (around 3 per cent), compared to the dominance of the top 10 Indian banks.'Fitch sees investor interest in Indian banks driven by significant growth potential, with expected GDP growth of over 6 per cent in the financial year ending March 2027 (FY27), manageable risks from trade disruptions, and stronger financial performance amid regulatory improvements addressing past asset quality issues,' the release said. It further added that, 'Increased global bank involvement could enhance governance standards and practices in India's financial sector, aligning with the RBI's efforts.' (ANI)
Yahoo
13-05-2025
- Business
- Yahoo
SPJIMR WISE Tech hosts Demo Day for inaugural Frictionless Finance Accelerator cohort
MUMBAI, India, May 13, 2025 /PRNewswire/ -- Bharatiya Vidya Bhavan's S.P. Jain Institute of Management & Research's (SPJIMR) WISE Tech hosted a 'Demo Day' for the inaugural cohort of the Frictionless Finance Accelerator on Wednesday, May 7, at its Mumbai campus. In collaboration with the Reserve Bank Innovation Hub (RBIH) and YES BANK, it marked the culmination of a four-month long journey to support 15 high-impact fintech start-ups working to reshape India's financial services landscape. The Demo Day brought together over 50 investors and venture capitalists, along with 13 financial institutions, to witness the innovative solutions developed by the cohort. The event also featured a fireside chat with Madhusudanan R, Founder of M2P Fintech, followed by an engaging 'Ask Me Anything' session. "WISE Tech was launched to spark purpose-driven innovation. Through the Frictionless Finance Accelerator, we've demonstrated how academia, industry, and institutions such as RBIH can co-create meaningful change in the sector," said Manoj Mohan, Executive Director, SPJIMR WISE Tech. Fifteen innovative start-ups, selected from over 150 applications, are addressing key challenges across diverse financial sectors such as agri-finance, climate finance, MSME finance, Nano entrepreneurship, retail finance, and supply chain finance. Their solutions include AI-driven tools, ESG assessments, digital lending, and inclusive financing models, reflecting the evolving landscape of India's financial ecosystem. Launched on National Startup Day, the Frictionless Finance Accelerator aims to foster innovation and inclusion in financial services by helping fintechs become more bank-ready, responsible, and resilient. RBIH connected start-ups with domain experts, industry leaders, banks and financial institutions, and investors—building bridges between innovators and enablers in the financial ecosystem. YES BANK played a pivotal role by engaging its internal business teams to explore collaboration opportunities with the start-ups. This included advisory inputs and discussions for potential Proof of Concept (PoC) engagements across lending, payments, and ecosystem banking—validating ideas in real-world scenarios and reinforcing its commitment to collaborative innovation. SPJIMR, through WISE Tech, focused on the design and delivery of the Accelerator. Start-ups benefited from nine targeted masterclasses and deep-dive mentoring by industry experts, including Santosh Kumar, Director, SPJIMR WISE Tech. SPJIMR also facilitated curated access to a broader ecosystem of banks, institutions, and potential partners. YES BANK 's participation in the Frictionless Finance Accelerator reflects its belief in the value of collaboration between banks and fintech start-ups to drive inclusive financial growth. The initiative aligns with the Bank's focus on encouraging innovation, advancing financial inclusion, and enabling a seamless digital banking experience. As part of the programme, YES BANK conducted one-on-one mentoring sessions with participating start-ups—assessing their business models, growth plans, and banking needs. This enabled the Bank to provide targeted advisory support and explore relevant product-market fit opportunities. "As a bank committed to driving digital innovation, YES BANK sees fintech collaboration as integral to shaping the future of financial services," said Dr. Rajan Pental, Executive Director, YES BANK. "By combining our domain expertise with the agility of fintechs, we are co-developing solutions that can enhance access, efficiency, and scalability across the financial ecosystem," he added. The Demo Day concluded with a formal graduation ceremony honouring the cohort and special recognition of the Top 3 pitches. Participants and stakeholders continued their interactions during post-event networking and speed-meetings, opening doors for new collaborations and funding opportunities. The success of the inaugural cohort sets the stage for future editions of the Accelerator and reaffirms SPJIMR's commitment to shaping a seamless, inclusive, and sustainable financial ecosystem in India. About RBIH: The Reserve Bank Innovation Hub (RBIH) is a wholly-owned subsidiary of the Reserve Bank of India, dedicated to leveraging technology and innovation to enable frictionless finance for a billion Indians. The RBIH works towards this mission through its four pathways: RBIH Build - developing in-house solutions when market solutions do not exist, RBIH Design - designing customer-centric processes and products, RBIH Incubate - nurturing fintech startups and the innovation ecosystem, and RBIH Insights - conducting in-depth research and analysis to shape financial innovation. By building bridges between various stakeholders in the financial ecosystem, RBIH fosters an environment of collaborative innovation to drive financial inclusion. About YES BANK: YES BANK is a full-service commercial bank providing a complete range of products, services, and technology-driven digital offerings, catering to retail, MSME, and corporate clients. YES BANK operates its investment banking, merchant banking, and brokerage businesses through YES SECURITIES, a wholly-owned subsidiary of the Bank. Headquartered in Mumbai, it has a Pan-India presence including an IBU at GIFT City and a Representative Office in Abu Dhabi. For more information, please visit the Bank's website at About SPJIMR: Bharatiya Vidya Bhavan's S.P. Jain Institute of Management and Research (SPJIMR) is a leading postgraduate management institute, recognised by the Financial Times MiM Global Rankings as India's #1 business school, by Business Today as one of the country's top five business schools, and by the Positive Impact Rating as one of the top five business schools worldwide for societal impact. Known for its innovative and socially conscious approach to management education, research, and community engagement, SPJIMR aims to influence managerial practice and promote the value-based growth of its students, alumni, organisations and their leaders, and society. SPJIMR holds the international 'triple crown' of accreditations from EQUIS, AACSB, and AMBA. Visit for more information. 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Mint
28-04-2025
- Business
- Mint
Stocks to buy under ₹100: IDFC First Bank vs Yes Bank — which is better after Q4 results 2025?
Stocks to buy under ₹ 100: After the announcement of Q4 results 2025 by IDFC First Bank, the private lender's shares are expected to remain focused on Monday. However, a savvy investor may compare Apple to Apple with its peers like Yes Bank as it also falls below ₹ 100 apiece. Yes Bank declared Q4 results 2025 on 19 April 2025. A medium- to long-term investor may maximise return on one's money by looking at Yes Bank shares. According to stock market experts, Yes Bank and IDFC First Bank shares exhibit strength for long-term investors. However, they have distinct strengths and challenges. They said that Yes Bank's Q4 results 2025 signal a strong turnaround, while IDFC First Bank's Q4 results signal a mixed set of quarterly numbers. Comparing Q4 results 2025 of Yes Bank and IDFC First Bank, Seema Srivastava, Senior Research Analyst at SMC Global Securities, said, "In comparing YES BANK and IDFC FIRST Bank for long-term investment potential, both banks exhibit distinct strengths and challenges. YES BANK's financial performance reflects a strong turnaround, with a 92.3% year-over-year rise in net profit to ₹ 2,406 crore. The Bank's stability is underscored by a Net Interest Margin (NIM) of 2.4% and improved asset quality, with Gross Non-Performing Assets (GNPA) at 1.6% and Net Non-Performing Assets (NNPA) at 0.3%, both at their lowest levels since March 2020. YES BANK's deposits grew 6.8% year-over-year, and its CASA ratio increased to 34.3%, signalling growing customer confidence. Advances rose 8.1% year-over-year, driven primarily by SME and mid-corporate segments. The Bank's commitment to sustainability is highlighted by its strong ESG disclosures and recognition from S&P Global and CDP." In the IDFC First Bank Q4 results 2025 review, Seema Srivastava said, 'IDFC FIRST Bank's Q4 FY25 performance shows mixed results, with a significant decline in net profit due to issues in the microfinance industry. Despite this, the Bank's customer deposits grew 25% year-over-year, and its CASA ratio remained at 46.9%. The funded asset book grew 20.4%, and asset quality remained resilient. A significant investment commitment of nearly ₹ 7,500 crore from Warburg Pincus LLC and Abu Dhabi Investment Authority (ADIA) is expected to strengthen the Bank's capital adequacy ratio and support future growth.' On suggestion to investors regarding IDFC First Bank and Yes Bank after their respective Q4 results 2025, Seema Srivastava said, 'Considering long-term investment potential, YES BANK's stability, strong financial performance, and commitment to sustainability make it an attractive option. IDFC FIRST Bank's growth potential is evident in its strong customer deposit growth and resilient asset quality, but investors should closely monitor its progress in addressing microfinance industry challenges. Ultimately, the choice between the two banks will depend on individual risk appetite and investment goals.' "When comparing Yes Bank and IDFC First Bank on technical grounds, IDFC First Bank has the upper hand. Yes Bank faces heavy overhead supply, and its recent bounce has been weak and unconvincing, suggesting a slow and limited move towards 18.5. In contrast, IDFC First Bank has shown a sharp recovery, eliminating key supply zones and indicating strong underlying momentum. The stock now looks poised to test the 74 level soon. For investors seeking strength and clearer trends, IDFC First Bank presents a more favourable technical setup compared to the sluggish outlook for Yes Bank," Anshul Jain, Head of Research at Lakshmishree Investment and Securities. Disclaimer: The views and recommendations above, if any, are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary. First Published: 28 Apr 2025, 09:33 AM IST
