Yes Bank Q3 Profit Soars 55.4% to ₹951.6 Cr, Asset Quality Improves

• Yes Bank reported a significant 55.4% year-on-year increase in net profit, reaching ₹951.6 crore in Q3.
• Net Interest Income (NII) grew by 11% to ₹2,465.6 crore, driven by improved margins.
• Asset quality showed improvement with Gross NPA decreasing to 1.5% and Net NPA remaining stable at 0.3%.
• Provisioning burden reduced sharply to ₹22 crore, contributing to the profit surge.
• Non-interest income rose by 8% to ₹1,633 crore, with core fee income up by 10%.

Why It Matters: Yes Bank's Q3 performance highlights strong profit growth, improved asset quality, and reduced provisioning.