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Yes Bank Bounces Back: Profits Soar Amid Turnaround
21 Oct
Summary
- Yes Bank's profit after tax rose 18.3% in Q2
- Operating profit up 32% from the same period last year
- Bank attracted investment from global firms like Carlyle, Advent
As of October 21st, 2025, Yes Bank's turnaround efforts have been paying off. The bank's financial results, published just last weekend, show a strong performance in the second quarter of the year.
Yes Bank's profit after tax (PAT) rose by 18.3% compared to the same period last year, while its operating profit increased by a substantial 32%. The bank has benefited from the relatively high interest rates in India, which helped to push its net interest margin up by 2.5%.
The turnaround at Yes Bank began in 2020 when the bank came close to going bankrupt due to high bad debt on its balance sheet. The Reserve Bank of India intervened, capping withdrawals and pushing India's top banks to take a stake in Yes Bank. This helped stabilize the company, and it has since attracted investments from global firms like the Carlyle Group, Advent, and Japan's Sumitomo Mitsui Banking Corporation.
With a strengthened balance sheet and new investors on board, Yes Bank appears to be on a solid footing. The bank's credit rating has also improved, jumping to AA-. While the bank's share price has pulled back in recent days, the long-term outlook remains positive as the turnaround continues to gain momentum.
