{"id":224177,"date":"2025-01-26T00:29:16","date_gmt":"2025-01-26T00:29:16","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/26\/yes-bank-q3fy25-net-profit-rises-164-to-rs-612-crore-the-times-of-india\/"},"modified":"2025-01-26T00:29:16","modified_gmt":"2025-01-26T00:29:16","slug":"yes-bank-q3fy25-net-profit-rises-164-to-rs-612-crore-the-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/26\/yes-bank-q3fy25-net-profit-rises-164-to-rs-612-crore-the-times-of-india\/","title":{"rendered":"Yes Bank Q3FY25 net profit rises 164% to Rs 612 crore &#8211; The Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/thumb\/msid-117566764,imgsize-709194,width-400,resizemode-4\/117566764.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Yes Bank Q3FY25 net profit rises 164% to Rs 612 crore &#8211; The Times of India\" title=\"Yes Bank Q3FY25 net profit rises 164% to Rs 612 crore &#8211; The Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<div class=\"MwN2O\">\n<div class=\"vdo_embedd\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>MUMBAI: Yes Bank reported a net profit of Rs. 612 crore for the quarter ended Dec 31, 2024, marking a 164.5% increase from Rs. 231 crore in the same period last year and a 10.7% rise from the previous quarter.<br \/>The bank\u2019s net interest income (NII) grew 10.2% year-on-year to Rs. 2,224 crores, with net interest margins (NIMs) stable at 2.4%. Non-interest income rose 26.6% year-on-year to Rs. 1,512 crore, driving total net income up 16.3% to Rs. 3,736 crore.<br \/>\u201cOur profitability roadmap was centred around improving margins, fee income and reducing costs. Despite multiple headwinds around liquidity and deposits and latest economic data indicating mixed trends, we have delivered five quarters of sequential expansion in net profit,\u201d said Prashant Kumar, MD &amp; CEO, Yes Bank.<br \/>Kumar said that the bank has managed to protect its margin by increasing priority sector loans, thereby reducing the need to park funds in the low-yield rural Infrastructure Development Fund (RIDF).<br \/>Operating profit for Q3FY25 stood at Rs. 1,079 crore, a 24.9% year-on-year increase. Operating expenses grew 13.2% year-on-year but remained nearly flat sequentially. As a result the cost-to-income ratio improved to 71.1% from 73.1% in Q3FY24.<br \/>Asset quality improved as the gross non-performing asset (GNPA) ratio fell to 1.6% from 2.0% in Q3FY24, and the net NPA ratio dropped to 0.5% from 0.9%. With improved asset quality, provisions fell significantly by 53.4% year-on-year to Rs. 259 crore.<br \/>The bank\u2019s deposits grew 14.6% year-on-year to Rs. 2,77,224 crore, supported by a 15.7% rise in average deposit balances. The current account and savings account (CASA) ratio improved to 33.1% from 29.7% a year ago. Advances rose 12.6% year-on-year to Rs. 2,44,834 crore, with strong growth in SME and mid-corporate lending, both up 26.7%.<br \/>Provision coverage ratio, including technical write-offs, increased to 82.4% from 71.9% a year ago. The bank\u2019s capital adequacy ratio stood at 15.9%, with the CET-1 ratio at 13.3%.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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