Private sector lender YES Bank announced its Q4 results today. The board of directors of Yes Bank held a meeting today to review and pass financial performance for Q4 FY26 and FY25-26.
Yes Bank Q4 Results 2026
Yes Bank recorded standalone net profit of ₹1,068.42 crore in Q4 FY26, marking a growth of 44.7% from ₹7,381.2 crore in the same period last year.
Net Interest Income (NII) of Yes Bank in Q4 FY26 grew by 16% to ₹2,637.7 crore from ₹2,276.3 crore in the year-ago period. The NIM during Q4 grew to 2.7%, improving by 20 basis points YoY and 10 basis points QoQ, supported by low cost of deposits and reduced balances in PSL shortfall deposits. The NIM for FY26 saw an improvement of 20 basis points YoY to 2.6%.
Pre-Provisions Operating Profit (PPOP) in Q4 FY26 witnessed an increase of 23.11% to ₹1,618.24 crore from ₹1,314.38 crore in the year-ago period. On a sequential basis, operating profit showed a jump of 31.2%. In FY26, Yes Bank's operating profit was ₹5,506 crore, marking a rise of 29.4% YoY.
Asset Quality
Yes Bank witnessed an improvement in asset quality on a sequential basis in Q4 FY26. The gross non-performing assets (NPAs) of Yes Bank in Q4 FY26 came down by 10.2% to ₹3,604.93 crore from ₹4,014.56 crore in the previous quarter. Net NPAs decreased by 2.7% to ₹653 crore from ₹671.19 crore, QoQ.
The gross NPA ratio in Q4 FY26 fell by 20 basis points (bps) to 1.3% from 1.5%, QoQ, while net NPA ratio saw a decline of 10 bps to 0.2% from 0.3%, QoQ.
The bank's provisions during Q4 FY26 remained at ₹187.55 crore, which was compared to ₹21.89 crore QoQ and ₹318.07 crore YoY.
The Leadership Change: More Significant Than It Looks
Prashant Kumar, who had led YES Bank since the 2020 reconstruction and is widely credited with stabilizing the institution, completed his tenure and stepped down as CEO on April 5, 2026. In his place, Vinay Muralidhar Tonse has been appointed as the new CEO for a three-year term, effective April 6, 2026. Tonse previously served as Managing Director for Retail Business and Operations at State Bank of India.
The appointment has been approved by the Reserve Bank of India. A postal ballot for shareholders is scheduled for April 24, 2026.
A CEO change at a bank that is still in its post-reconstruction phase is a significant event. Tonse comes with strong retail banking credentials from SBI, which is exactly the kind of expertise YES Bank needs if it wants to deepen its retail and MSME loan book. But analyst sentiment has been cautious: Simply Wall St reports that analysts trimmed YES Bank's price target from approximately Rs 20.18 to Rs 19.55 following the leadership transition, citing slightly lower revenue growth assumptions.
Yes Bank's slippages during Q4 FY26 remained at 1.6% compared to 1.6% in the previous quarter and 2% in the year-ago period.
