Yes Bank Q1 outcomes: Net profit jumps 59% to Rs 801 crore; treasury positive aspects, other income drive growth

Yes Bank on Saturday reported a 59% year-on-year rise in web profit to Rs 801 crore for the June quarter of FY26, buoyed by robust positive aspects from treasury operations and a pointy uptick in non-core income.The personal sector lender stated its other income surged 46% to Rs 1,752 crore, whereas treasury income swung to a achieve of Rs 484 crore from a lack of Rs 32 crore within the year-ago interval. Core web curiosity income grew 5.7% to Rs 2,371 crore, aided by a 5% enlargement in advances and a ten foundation level rise in web curiosity margin to 2.5%, PTI reported.Managing director and CEO Prashant Kumar stated the financial institution stays cautious on retail lending, preferring not to develop aggressively in low-margin merchandise. However, he expressed confidence in accelerating total advances growth throughout the remainder of the 12 months and reaffirmed the financial institution’s full-year mortgage growth goal.Gross slippages rose to Rs 1,458 crore throughout the quarter from Rs 1,223 crore within the previous three months, with Kumar noting that two enterprise accounts that slipped are doubtless to return to performing standing quickly.Kumar additionally stated the proposed 20% stake acquisition by Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is anticipated to be accomplished by the top of September. However, he declined to verify whether or not SMBC had utilized for a further 5% stake.Asked about his personal tenure following the Reserve Bank of India’s six-month extension, Kumar declined to remark.He added that Yes Bank doesn’t require contemporary capital to help its growth plans, citing a cushty capital adequacy ratio of 16.2%, with core Tier-1 capital at 14%.