Provision Coverage Ratio; Fresh Slippages Improving Sequentially GNPA at 1.6%, NNPA at 0.3%, PCR improved to 79.7%
FinTech BizNews Service
Mumbai, April 19, 2025: YES Bank has today announced the financial results for the quarter and year ended march 31, 2025.
Key Highlights
FY25 Net Profit at INR 2,406 Crs up 92.3% Y-o-Y. Net Profit for Q4FY25 at INR 738 Crs up
63.3% YoY & 20.6% Q-o-Q.
• NIM for Q4FY25 at 2.5% trending upward Q-o-Q. NIM for FY25 stable at 2.4%
• Non-Interest Income for FY25 at INR 5,857 Crs up 14.5% Y-o-Y.
• NIL shortfalls in PSL Compliance in FY25; Mandated deposits in lieu of PSL Shortfalls
reduced to 8.7% as of FY25 from 11% of Total Assets as at Mar’24,
• Q4FY25 Cost-to-income Ratio Sequentially lower for fourth successive quarter at
67.3% v/s. 75.8% (Q4FY24) and 71.1% (Q3FY25)
• Q4FY25 RoA at 0.7% v/s. 0.5% in Q4FY24 & 0.6% in Q3FY25. FY25 RoA at 0.6%
v/s. 0.3% in FY24.
Balance Sheet momentum sustains with effective execution in line with strategic objectives.
Sustained Deposit accretion (up 6.8% Y-o-Y and 2.6% Q-o-Q) and improvement in CASA
Ratio (up 120 bps Q-o-Q and 340 bps Y-o-Y) to 34.3%
• Net Advances Growth at 8.1% Y-o-Y & 0.6% Q-o-Q aided by strong growth momentum in
SME and Mid Corporate Advances (at 23.6% & 21.8% Y-o-Y respectively)
• AYB 2 Deposits grew 16.0% Y-o-Y; Stronger Y-o-Y growth in CA Deposits at 20.5% and
SA Deposits at 32.1%
• Retail & Branch Banking led Deposits growth at 17.9% Y-o-Y and 3.2% Q-o-Q
Significant improvement in Asset Quality metrics, Provision Coverage Ratio; Fresh
Slippages Improving Sequentially GNPA at 1.6%, NNPA at 0.3%, PCR improved to 79.7%
Resolution momentum continues to be strong with Total recoveries and upgrades at INR
1,480 Crs 1 in Q4FY25 and INR 5,923 Crs 1 in FY25
Restructured advances lowest ever at INR 424 Crs (0.2% of Advances)
Net Carrying Value of Security Receipts – NIL.
YES BANK gets authorized by Government of India for Direct and Indirect Taxes Collection
- Goes live with seamless GST payment facility for customers as well as non-customers.
S&P Global and CDP rated YES BANK highest- amongst Indian Banks for ESG and climate
disclosures - 3rd Year in a row.
Commenting on the results and financial performance, Mr. Prashant Kumar, Managing
Director & CEO, YES BANK said, “The Q4FY25 marked yet another important quarter for YES
BANK as it continued to make steady improvements across several key metrics and progressed
well on the strategic objective of improving its profitability. The Bank exited the year with quarterly
RoA of 0.7%, b) achieved 100% PSL compliance, c) further improved its Gross NPA and Net NPA
ratios to 1.6% and 0.3% respectively – lowest levels since Mar’20, d) Brought down the net carrying
value of Security Receipts to ‘NIL’ and e) Furthered expanded the CASA ratio by 340 bps Y-o-Y to
34.3% in FY25.
YES BANK’s core franchise has gained significant momentum and is quite well placed to continue
to thrive. The Bank remains disciplined and focused on its execution with its strategy and actions
remain fully anchored around further improving its Positioning and Profitability.By going live with
seamless collection facility for GST, the Bank added another important solution for its existing as
well as prospective customers and augmented its Digital and Tech Capabilities. Highest ratings
by S& P and CDP reaffirmed our commitment to responsible banking”.
Financial Highlights
Profit and Loss
Q4FY25 NII at INR 2,276 Crs up 5.7% Y-o-Y and 2.4% Q-o-Q.NII for FY25 at INR 8,944
Crs, up 10.5% Y-o-Y
NIM for Q4FY25 at 2.5% vs 2.4% in Q4FY24. NIM for FY25 at 2.4%.
FY25 Non-Interest Income at INR 5,857 Crs up 14.5% Y-o-Y. Non-Interest Income for
Q4FY25 at INR 1,739 Crs, up 10.9% Y-o-Y and 15.0% Q-o-Q.
Operating Costs at INR 2,701 Crs down 4.2% Y-o-Y. PSLC costs incurred during the
quarter aggregated to INR 97 Crs v/s. INR 254 crs in Q4FY24. Excluding PSLC cost,
o Opex for Q4FY25 grew 1.5% Y-o-Y
o FY25 Opex grew 8.2% Y-o-Y v/s. 12.1% Y-o-Y growth in Total Income
FY25 Operating Profit at INR 4,254 Crs up by 25.6% Y-o-Y. Q4FY25 Operating Profit at
INR 1,314 Crs up 45.6% Y-o-Y and 21.8% Q-o-Q
FY25 Non-Tax Provision Costs at INR 1,086 Crs (0.3% of Assets) down 42.4% Y-o-
Y. Sequentially, at INR 318 Crs (0.3% of Assets 1 ) down 32.5% Y-o-Y but up 23.0%
Q-o-Q.
Net Profit for Q4FY25 at INR 738 Crs up 63.3% Y-o-Y & 20.6% Q-o-Q. FY25 Net Profit
at INR 2,406 Crs up 92.3% Y-o-Y
Fourth successive quarter of reduction in C/I in line with guidance.
FY25 RoA at 0.6% v/s. 0.3% in FY24. Q4FY25 RoA at 0.7% v/s. 0.5% in Q4FY24 & 0.6%
in Q3FY25.
Balance Sheet
Net Advances at INR 2,46,188 Crs, registered growth of 8.1% Y-o-Y and 0.6% Q-o-Q
• Granular/ Diversified loan book – Retail & SME: Mid Corp.: Corp. mix at 59:17:24 vs.
62:15:23 last year and 58:16:26 last quarter
• Fresh Disbursements of INR 27,734 Crs in Q4FY25 & INR 97,899 Crs in FY25
o Retail Asset Disbursements of INR 9,088 Crs in Q4FY25 (INR 32,563 Crs for
FY25)
o Rural Disbursements of INR 929 Crs (INR 3,824 Crs for FY25)
o SME Disbursements 1 of INR 9,767 Crs (INR 34,022 Crs for FY25)
o Mid Corporate Disbursements of INR 1,680 Crs (INR 5,691 Crs for FY25)
Total Balance Sheet grew 4.4% Y-o-Y
CD Ratio at 86.5% vs. 88.3% in Q3FY25 and 85.5% in Q4FY24
Total Deposits at INR 2,84,525 Crs, up 6.8% Y-o-Y and 2.6% Q-o-Q
• CASA ratio at 34.3% vs. 30.9% in Q4FY24 and 33.1% Q-o-Q
• Retail CASA Accounts opened: ~258K in Q4FY25 and ~13.15 lacs in FY25
• Retail and Small Business Deposits (Gross LCR Definition) grew 8.3% Y-o-Y
Average Quarterly LCR during the quarter remains healthy at 125.0%; LCR as on March
31, 2025 at 129.8%
CET 1 ratio at 13.5% : Total CRAR at 15.6%.
• RWA to Total Assets at 71.3% vs. 70.3% in Q4FY24 and 72.3% in Q3FY25
Borrowings at INR 71,603 Crs down 10.4% Y-o-Y
Asset Quality
(NNPA + net carrying value of SR) as % of Advances at 0.3% in Q4FY25 v/s. 1.1% in
Q4FY24 and 0.6% in Q3FY25
• GNPA ratio at 1.6% as of Mar 31, 2025, v/s 1.6% at Q3FY25 and 1.7% at Q4FY24
• NNPA ratio improved to 0.3% v/s. 0.5% last quarter and 0.6% at Q4FY24
Gross Slippages for Q4FY25 at INR 1,223 Crs(2.0% of advances) Crs v/s. INR 1,348
Crs (2.2% of advances) in Q3FY25. Gross Slippages for FY25 at INR 5,090 Crs v/s.
INR 5,334 Crs in FY24
• Slippages Net of Recoveries and Upgrades in Q4FY25 at INR 696 Crs v/s. INR 871
Crs Q3FY25, Net slippage for FY25 at INR 2,755 Crs
Overdue Book of 31-90 days down to INR 3,705 Crs vs INR 3,980 Crs Q3FY25 and
INR 3,684 Crs in Q4FY24
• 31-60 days book at INR 2,194 Crs vs INR 1,864 Crs last quarter
• 61-90 days book at INR 1,511 Crs vs INR 2,116 Crs last quarter
Resolution momentum continues to be strong with Total Recoveries & Upgrades
for Q4FY25 at INR 1,480 Crs. FY25 cumulative recoveries and resolutions at INR
5,923 Crs
