Key Highlights
- Its core net interest income grew 10.9 per cent to Rs 2,466 crore on the back of 0.10 per cent expansion in the net interest margin and a loan growth of 5.2 per cent.
- YES Bank Managing Director and Chief Executive Prashant Kumar said the bank is “cautious” on new loans due to which the loan growth is lower than the banking system’s double-digit performance.
- There is a pricing battle on the corporate loans front, while the home and auto loans are not profitable given the high cost of funding for the bank, Kumar said.
- The bank is targeting a loan growth of 8 per cent for FY26, Kumar said.
- For the reporting quarter, the non-interest income grew 8 per cent to Rs 1,633 crore.
