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Business Upturn
2 days ago
- Business
- Business Upturn
Yes Bank Q1 Results: Net profit rises 58.8% YoY to Rs 801 crore, gross NPA at 1.6%
Mumbai-based private lender Yes Bank Ltd. announced its financial results for the quarter ended June 30, 2025, reporting a sharp improvement in profitability and stable asset quality. For Q1 FY26, the bank's net profit surged 57% year-on-year (YoY) to ₹808.6 crore, compared to ₹516 crore in the same quarter last year. The rise in profitability was supported by growth in core income and other income. Net Interest Income (NII), the bank's core income earned from lending activities, increased by 5.8% YoY to ₹2,370 crore from ₹2,240 crore a year ago. Other income rose significantly to ₹1,824 crore, up from ₹1,270 crore last year, contributing to the improved bottomline. On the asset quality front, gross NPA ratio remained stable at 1.6%, unchanged from the previous quarter, and improved from 1.7% last year. The net NPA ratio also remained unchanged at 0.3%, reflecting a steady credit performance. Provisions for the quarter fell to ₹284 crore from ₹317 crore in March 2025, further supporting profitability. However, business growth moderated. Advances grew by just 5.1% YoY to ₹2.41 lakh crore but declined 2% sequentially. Deposits increased by 4% YoY to ₹2.75 lakh crore but also fell 3% compared to the March quarter. The Credit-Deposit Ratio edged up to 87.5% versus 86.5% in March. Liquidity Coverage Ratio (LCR) stood at 135.7%, improving from 125% in the March quarter. During the quarter, Yes Bank maintained its annualised slippage ratio at a 10-quarter low while net interest margins remained at an eight-quarter high. Recently, Yes Bank made headlines after a consortium of lenders led by State Bank of India announced the sale of a 20% stake to Japan's SMBC for over ₹13,000 crore. This stake sale comes after the consortium rescued Yes Bank from a liquidity crisis in 2020. The bank remains focused on maintaining asset quality and improving profitability while addressing muted loan and deposit growth. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
04-07-2025
- Business
- Time of India
Yes Bank shares slip after mixed Q1FY26 operational update
Yes Bank Ltd . was in the spotlight on Friday after the private sector lender released its operational update for the quarter that ended June 30, 2025, under SEBI's fair disclosure norms. Shares of the private sector lender slipped marginally by 0.9% to an intraday low of Rs 19.97 apiece on the BSE. While the bank reported a quarter-on-quarter (QoQ) decline in loans, total deposits, and CASA deposits, the year-on-year (YoY) figures showed moderate growth, suggesting the bank is still building on last year's base despite near-term challenges. Key Business Metrics: Loans & Advances came in at Rs 2,41,355 crore, showing a 2.0% decline QoQ from Rs 2,46,188 crore, but a 5.1% rise YoY from Rs 2,29,565 crore. Total Deposits dropped 3.0% QoQ to Rs 2,75,921 crore, down from Rs 2,84,525 crore in the March 2025 quarter. However, this was 4.1% higher YoY, indicating steady deposit base expansion over the past year. CASA (Current and Savings Account) Deposits slipped by 7.3% QoQ to Rs 90,347 crore, but rose 10.8% YoY, reflecting improved customer engagement on a yearly basis. The CASA Ratio, a key measure of low-cost deposits, declined to 32.7% from 34.3% QoQ. Still, it remains higher than the 30.8% recorded a year ago. Other Operational Ratios: Credit-to-Deposit Ratio increased slightly to 87.5% from 86.5% QoQ, suggesting higher credit utilization. Liquidity Coverage Ratio (LCR), a measure of short-term liquidity strength, improved to 135.7%, up from 125.0% in the March quarter, indicating a more robust liquidity position. Stock Price Update: As of 12:05 pm on July 4, 2025, YES Bank shares were trading at Rs 20.04, down 0.55% from the previous close of Rs 20.28. The bank's current market capitalisation stands at approximately Rs 63,115.83 crore. Over the past 52 weeks, the stock has touched a high of Rs 27.44 and a low of Rs 16.02, reflecting its range-bound movement amid evolving market conditions.
Time of India
01-07-2025
- Business
- Time of India
HC to bank: SC ruled Aadhaar not must to open a/c, pay 50k for delay
Mumbai: Bombay high court has directed Yes Bank Ltd to pay Rs 50,000 in compensation to a private company for delay in opening its bank account after Supreme Court's Sept 2018 judgment that Aadhaar is not a mandatory requirement for opening bank accounts. "The bank account was ultimately opened in Jan 2019. Therefore, for a period of three to four months, the petitioner was unable to rent out the premises," said a bench of Justices Mahesh Sonak and Jitendra Jain on June 26. Microfibers Pvt Ltd could not rent out its premises in Nariman Point without a bank account. In Jan 2018, it applied to the bank to open an account. In April 2018, the bank replied that providing an Aadhaar card was mandatory for opening an account. The petitioner pointed out that Supreme Court's interim orders suggested that insisting on an Aadhaar card was not legal or proper. Since the bank did not yield, the petition was filed in HC. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai At a June 2018 hearing, the bank told HC that following Supreme Court's Sept 26, 2018, judgment, it was not insisting upon an Aadhaar card for opening an account, and that it would open the petitioner's account accordingly. On June 26, the petitioner's advocate, Niyam Bhasin, confirmed that the account was opened in Jan 2019. He said in Nov 2018, HC admitted the petition for a final hearing on the prayer for Rs 10 lakh in damages. The judges noted that the bank "had not bothered to file its reply". Bhasin said for a year, from Jan 2018-Jan 2019, the premises could not be rented out. The founder-director died and is survived by his 84-year-old wife and his daughter. Bhasin said rent in the area in 2018 was in the range of Rs 1.5 lakh per month. The bench noted that in April 2018, when the bank insisted on an Aadhaar card, Supreme Court's interim orders were in operation. However, in Sept 2018, the apex court struck down the requirement of an Aadhaar card for opening bank accounts. "Therefore, from Sept 26, 2018, onwards, there was no impediment to the respondent-bank opening the account without insisting on an Aadhaar card," it added. It, however, said the claim for Rs 10 lakh compensation is "exaggerated and cannot be granted". Without relegating the petitioner to an alternative remedy and taking into consideration the circumstances cumulatively, the judges directed the bank to pay Rs 50,000 within eight weeks. Get the latest lifestyle updates on Times of India, along with Doctor's Day 2025 , messages and quotes!
Business Standard
06-06-2025
- Business
- Business Standard
Bank of Baroda Slides 3.13%
Bank of Baroda has added 8.08% over last one month compared to 1.23% gain in BSE BANKEX index and 0.85% rise in the SENSEX Bank of Baroda lost 3.13% today to trade at Rs 242.75. The BSE BANKEX index is down 0.19% to quote at 62654.94. The index is up 1.23 % over last one month. Among the other constituents of the index, ICICI Bank Ltd decreased 0.5% and Yes Bank Ltd lost 0.43% on the day. The BSE BANKEX index went up 11.57 % over last one year compared to the 8.47% surge in benchmark SENSEX. Bank of Baroda has added 8.08% over last one month compared to 1.23% gain in BSE BANKEX index and 0.85% rise in the SENSEX. On the BSE, 69380 shares were traded in the counter so far compared with average daily volumes of 6.65 lakh shares in the past one month. The stock hit a record high of Rs 290.45 on 19 Jun 2024. The stock hit a 52-week low of Rs 190.7 on 04 Mar 2025.
Business Standard
03-06-2025
- Business
- Business Standard
Volumes soar at Aptus Value Housing Finance India Ltd counter
Aptus Value Housing Finance India Ltd registered volume of 147.7 lakh shares by 10:46 IST on BSE, a 481.99 fold spurt over two-week average daily volume of 30644 shares Yes Bank Ltd, Finolex Cables Ltd, KIOCL Ltd, Radico Khaitan Ltd are among the other stocks to see a surge in volumes on BSE today, 03 June 2025. Aptus Value Housing Finance India Ltd registered volume of 147.7 lakh shares by 10:46 IST on BSE, a 481.99 fold spurt over two-week average daily volume of 30644 shares. The stock slipped 8.28% to Rs.310.70. Volumes stood at 16734 shares in the last session. Yes Bank Ltd registered volume of 4993.77 lakh shares by 10:46 IST on BSE, a 32.59 fold spurt over two-week average daily volume of 153.22 lakh shares. The stock slipped 8.42% to Rs.21.31. Volumes stood at 444 lakh shares in the last session. Finolex Cables Ltd clocked volume of 1.49 lakh shares by 10:46 IST on BSE, a 7.26 times surge over two-week average daily volume of 20539 shares. The stock gained 2.88% to Rs.986.85. Volumes stood at 32469 shares in the last session. KIOCL Ltd registered volume of 1.18 lakh shares by 10:46 IST on BSE, a 5.31 fold spurt over two-week average daily volume of 22285 shares. The stock rose 11.91% to Rs.334.50. Volumes stood at 9154 shares in the last session. Radico Khaitan Ltd clocked volume of 33570 shares by 10:46 IST on BSE, a 4.91 times surge over two-week average daily volume of 6833 shares. The stock gained 4.45% to Rs.2,659.90. Volumes stood at 8122 shares in the last session.
