YES Bank Limited: Provisional Business Update | Q3 FY26

Executive Summary YES Bank has released its provisional business figures for the quarter ended December 31, 2025. The data indicates a steady trajectory in credit demand with a 5.2% YoY growth in Gross Loans, alongside a notable improvement in the Credit-to-Deposit (CD) ratio. 1. Credit Growth & Asset Book The Bank demonstrated resilience in its lending operations, recording steady growth in advances. Loans & Advances: Stood at ₹2,57,508 crore, reflecting a growth of 5.2% Year-on-Year (YoY) compared to ₹2,44,834 crore in Q3 FY25. Sequential Growth: On a Quarter-on-Quarter (QoQ) basis, loans grew by 2.9% from ₹2,50,212 crore reported in September 2025. 2. Deposit Traction & Liability Franchise Deposit accumulation showed mixed signals with robust annual growth but a minor sequential dip. Total Deposits: Reported at ₹2,92,484 crore, up 5.5% YoY from ₹2,77,224 crore. However, deposits saw a marginal decline of 1.3% QoQ from ₹2,96,276 crore. CASA Portfolio: Current Account and Savings Account (CASA) deposits reached ₹99,443 crore, registering a strong 8.5% YoY growth. CASA Ratio: The CASA ratio (including CDs) improved to 34.0% (vs 33.1% YoY), indicating a healthier mix of low-cost funds. Certificates of Deposit (CDs): Remained flat marginally rising to ₹990 crore. 3. Key Financial Ratios Operational efficiency regarding capital deployment has improved. Credit-to-Deposit (CD) Ratio: Expanded to 88.0% in Q3 FY26, up from 84.5% in the previous quarter. This suggests better utilization of the deposit base for lending activities. Liquidity Coverage Ratio (LCR): Stood comfortably at 123.8%, well above the regulatory requirement, though it moderated from 125.1% QoQ and 133.2% YoY. 4. Financial Context (Q2 Reference) To provide a trajectory context, the bank previously reported a 18.4% YoY rise in Net Profit (₹655 crore) for Q2 FY26. Net Interest Income (NII) had grown by 4.6% YoY to ₹2,300 crore, with stable asset quality and NIMs steady at 2.5%.