YES BANK starts FY27 with strong growth momentum, higher profitability, improved asset quality and rating upgrades

Mumbai –  YES BANK announced strong financial results for Q1FY27, showing growth in profitability, improved asset quality, and multiple upgrades by rating agencies.

The Bank reported a net profit of INR 1,071 crore in Q1FY27, registering a robust Y-o-Y growth of 33.7% over Q1FY26, underscoring the sustained momentum in earnings. The Bank’s Net Interest Income stood at INR 2,786 crore for Q1FY27, a growth of 17.5% Y-o-Y. The Non-Interest Income grew to INR 1,798 crores, up by 2.6% Y-o-Y.

The Bank’s cost-to-income ratio improved to 62.8% from 63% in Q4FY26 and 67.1% in Q1 FY26. The Return on Assets (RoA) was at 0.9% in Q1FY27, versus 1.0% in Q4FY26. Total deposits grew 14.3% Y-o-Y to INR 3,15,373 crores. CASA deposits grew by 14.3% Y-o-Y to INR 103,233 crores. The CASA ratio stood at 32.7% in Q1FY27.

Retail Assets disbursements remained strong, and grew by 27.5% Y-o-Y. YES BANK’s asset quality in Q1FY27 remained strong, as GNPA Ratio stood at 1.3% in Q1FY27 which is down 30 bps Y-o-Y, and NNPA Ratio stood at 0.2% Y-o-Y. The Provision Coverage Ratio (PCR) stood at 81.7% – which is amongst the top quartile within the peer set

Commenting on the results and financial performance, Mr. Vinay M. Tonse, Managing Director & Chief Executive Officer, YES BANK said, “YES BANK has begun FY27 on a strong footing, with Q1 Net Profit growing ~34% Y-o-Y to INR 1,071 Crs. We delivered higher core earnings even as gains from Security Receipts and treasury fell sharply – clear evidence that the underlying franchise is strengthening. Margins held steady at 2.7%, cost-to-income improved further, and asset quality strengthened as slippage eased. We also earned meaningful external validation this quarter — rating upgrades from Moody’s, CARE and ICRA, and our inaugural international rating from S&P Global. Growth was broad-based, including sustained momentum in Retail disbursements. Looking ahead, our focus is clear: deepen the core, sustain profitability, and create a resilient franchise that delivers lasting value for every stakeholder.”

During the quarter, YES BANK has received multiple upgrades from credit rating agencies such as –  Moody’s upgraded to ‘Ba1’/ Stable, CareEdge upgraded to ‘CARE AA+ (Stable)’ and ICRA upgraded to ‘AA (Stable)’.

The Bank also received its inaugural international credit rating of ‘BB+’ / Stable from S&P Global. On the ESG front, the Bank was included in the FTSE4Good Index Series for the fourth consecutive year and was recognised as the ‘Most Sustainable Bank’ at the Business Today – India’s Most Sustainable Companies 2026 summit and awards. Additionally, the Bank was recognised among the Top 25 India’s Best Workplaces™ in BFSI 2026 by Great Place to Work® India.