rewrite this title and make it good for SEOYes Bank Q3 results: PAT jumps 164.5% at Rs 612.27 cr; NII advances 10.2%

Yes Bank on Saturday, January 25 announced its results for the third quarter ended December 2024, reporting an impressive 164.5% YoY jump in its PAT at Rs 612.27 crore while net interest income (NII) rose by 10.2% YoY.

The NII was reported at Rs 2,224 crore, while the net interest margins (NIMs) at 2.4% were flat YoY as well as QoQ.

Yes Bank’s interest earned stood at Rs 7,829.13 crore, up by 12% year-on-year. Meanwhile, the interest expended by the bank was Rs 5,605.62 crore for the same period, up 12.8% Rs 4,967.96 crore in the year-ago period.

A sustained improvement in asset quality metrics was witnessed for the said quarter. The Gross Non-Performing Asset (GNPA) ratio has improved year-over-year (YoY), standing at 1.6% in Q3 FY25 compared to 2.0% in Q3 FY24. On a sequential quarter-on-quarter (QoQ) basis, the GNPA ratio remained relatively stable.

The Net Non-Performing Asset (NNPA) ratio has also shown improvement. It stood at 0.5% in Q3 FY25, a significant decrease from 0.9% in Q3 FY24. The NNPA ratio remained stable compared to the previous quarter (Q2 FY25) at 0.5%.The CASA ratio improved to 33.1% in Q3 FY25, up from 29.7% reported in the same quarter of the previous fiscal.The current account balances grew by 21.1% year-on-year, with an average CA growth at 22.1% YoY, while the bank’s savings account balances witnessed robust growth, increasing by 33.3% YoY and 9.2% sequentially.The average savings account balances growth stood at 32.1% YoY.

Additionally, Yes Bank’s advances stood at Rs 2,44,834 crore, registering a year-on-year (YoY) growth of 12.6% while its total deposits reached Rs 2,77,224 crore, up 14.6% YoY.

Yes Bank shares closed 1.24% higher at Rs 18.25 on the BSE on Friday.

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