Yes Bank Q3 Profit Soars 55% to ₹951.6 Crore, Asset Quality Steady

• Yes Bank reported a 55.4% year-on-year increase in net profit, reaching ₹951.6 crore for the December quarter.
• Net Interest Income (NII) grew by 11% year-on-year to ₹2,465.6 crore, driven by stable core lending.
• Asset quality improved with Gross NPAs declining to 1.5% and Net NPAs remaining flat at 0.3% sequentially.
• Slippages eased to 1.6% from 2% in the previous quarter, indicating tighter underwriting and improved credit monitoring.
• The bank's Net Interest Margin (NIM) modestly improved to 2.6%, reflecting a focus on profitable growth.

Why It Matters: Yes Bank's Q3 profit surged 55% to ₹951.6 crore, supported by strong NII and stable asset quality.