1. Home  » 
  2. Banking

YESBANK Q4 Results 2024

In YES BANK's Q4 Results for 2024, they made more money than last year, with profits jumping by 124%. They earned more from loans, improved loan quality, and reduced bad debts, making investors happy.

by S Samayanka

Updated Apr 29, 2024

Article continues below advertisement
YESBANK Q4 Results 2024


YES Bank is a commercial bank headquartered in Mumbai, India. It provides a large selection of goods, services, and digital solutions. In 2005, Rana and Ashok Kapoor established YES BANK, an Indian private sector bank. The fourth-biggest bank in India's private sector is Yes Bank. 

YES Bank provides net banking and online banking services, allowing customers to access their bank accounts and perform various banking operations 24x7, anywhere, anytime. The bank offers loans, accounts, cards, deposits, and other banking services to meet the needs of its customers

Article continues below advertisement
Article continues below advertisement

YES BANK Q4 Results 2024

Profit Increase:

YES Bank made more money in the last quarter compared to the same time last year. Its profit increased by 124% to ₹454 crore.

Interest Income Rise:

The bank earned more money from the interest it charged on loans. It went up by 2.3% to ₹2,153.1 crore.

Better Quality Loans:

YES Bank improved the quality of its loans. This means only few people are unable to pay back their loans. The number of bad loans decreased by 11% to ₹3,982 crore.

Lower Bad Debts:

The bank also had less amount of bad debts to deal with. They decreased by 31.4% to ₹1,329.7 crore.

Less Money Set Aside:

YES Bank didn't need to set aside as much money for possible losses. They set aside ₹471 crore compared to ₹554.7 crore last quarter.

Consistent Profits:

The bank has been making money consistently for the past three years. This is good news for its investors.

Market Performance:

Investors are happy with YES Bank's performance. The bank's shares ended higher, and they have gained significantly in the past month and six months.

Article continues below advertisement
Article continues below advertisement

YES BANK Profit 2024

YES Bank reported a significant decline of 31.4% in its net Non-Performing Assets (NPA) in the fourth quarter, with the figure dropping to ₹1,329.7 crore from ₹1,934.4 crore in the third quarter of the fiscal year 2023-24. This decrease brought the net NPA percentage down to 0.60% from the previous quarter's 0.9%, indicating a clear improvement in the bank's asset quality.

Additionally, the bank reduced its provisions for the March quarter to ₹471 crore, down from ₹554.7 crore in the previous quarter, and significantly lower than the ₹618 crore provisioned in the same quarter of the previous fiscal year (FY23).

During its post-earnings conference call, YES Bank highlighted consistent improvements across various financial metrics over the last year. The bank also emphasized that the fiscal year 2024 marked its third consecutive year of profitability following its restructuring efforts, demonstrating a strong recovery and stabilization in its financial performance.

YES BANK Q4 Results 2024 - FAQs

1. What is YES Bank?  

YES Bank is a commercial bank in India that offers various financial products and digital services.

2. When was YES Bank established?  

YES Bank was established in 2005 by Rana and Ashok Kapoor.

3. How did YES Bank perform in Q4 FY24?  

YES Bank's profit increased by 124% to ₹454 crore in Q4 FY24.

4. Did YES Bank's interest income rise?  

Yes, the bank's interest income increased by 2.3% to ₹2,153.1 crore in Q4 FY24.

Disclaimer : The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.