Profit After Tax
Search documents
HL-Yes Bank stock in spotlight after RBI approves appointment of new MD & CEO
The Economic Times· 2026-02-04 04:05
Leadership Changes - Yes Bank has appointed Vinay Muralidhar Tonse as its new managing director and chief executive officer, pending shareholder approval, with a three-year term starting from his joining date [6] - The current MD and CEO, Prashant Kumar, is serving an extended term that will conclude in April this year [6] Financial Performance - Yes Bank reported a 55% increase in standalone net profit for Q3FY26, amounting to Rs 952 crore, compared to Rs 612 crore in the same period last year [3][6] - The bank's interest income for Q3FY26 was Rs 7,543 crore, reflecting a decrease of 3.7% from Rs 7,829 crore in the corresponding period of the previous financial year [3][6] - The net interest income (NII) rose by 11% year-on-year to Rs 2,466 crore, while the net interest margin (NIM) improved to 2.6% from 2.4% in Q3FY25 and 2.5% in Q2FY26 [4][6] Profitability and Asset Quality - Profit after tax (PAT) increased by 45% quarter-on-quarter from Rs 654 crore in Q2FY26 [5][6] - Yes Bank's gross non-performing assets (NPAs) decreased by 10 basis points year-on-year and quarter-on-quarter to 1.5%, while net NPAs fell by 20 basis points year-on-year to 0.3%, remaining flat quarter-on-quarter [5][6] Market Performance - Yes Bank shares have declined by 7% over the past month [5][6]