What is YES Bank's expected return on assets (ROA) for the current financial year?

YES Bank expects to end the current financial year with a return on assets (ROA) of 1 percent.

How much did YES Bank's net profit increase in the December quarter?

YES Bank's net profit increased by 55 percent on an annual basis and 45 percent on a quarter-on-quarter basis in the December quarter.

What role does SMBC's stake acquisition play in YES Bank's strategy?

SMBC's acquisition of a 24.9 percent stake aims to support YES Bank's strategy of balancing accelerated growth with enhanced profitability.

Home / Business and Economy / YES Bank Eyes 1% ROA Amid Recovery

YES Bank Eyes 1% ROA Amid Recovery

22 Feb

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Summary

YES Bank aims for 1% ROA this fiscal year.
Net profit surged 55% year-on-year in Q3.
SMBC's stake acquisition aims to boost growth and profitability.

YES Bank anticipates concluding the current financial year with a 1% return on assets (ROA), a key profitability metric. The bank projects that its annual ROA will surpass 1% in the upcoming fiscal year. This outlook follows a substantial increase in net profit for the December quarter, which grew by 55% year-on-year and 45% quarter-on-quarter, reaching Rs 952 crore.

The bank's reported annualized ROA for the December quarter improved to 0.9%, up from 0.6% in the previous quarter and the same period last year. For the first nine months of the financial year, the annualized ROA rose to 0.8% compared to 0.5% in the prior year. These improvements reflect strategic initiatives aimed at better asset utilization and profitability.