Yes Bank Limited · NSE:YESBANK
Yes Bank — Q4 FY2025 Earnings Presentation
62 slides from Yes Bank's earnings presentation, Apr 19, 2025
Slide 1: Exchange cover letter for press release and investor presentation
YBL/CS/2025-26/013 April 19, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relations Department Plot no. C/1, G Block, P.J. Towers, Dalal Street Bandra - Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai - 400 051 BSE Scrip Code: 532648 NSE Symbol: YESBANK Dear
Slide 2: Press Release: Key Highlights for Q4 and FY25
April 19, 2025 YES BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2025 Key Highlights ▪ FY25 Net Profit at INR 2,406 Crs up 92.3% Y-o-Y. Net Profit for Q4FY25 at INR 738 Crs up 63.3% YoY & 20.6% Q-o-Q. • NIM for Q4FY25 at 2.5% trending upward Q-o-Q. NIM for FY25 stable at
Slide 3: Financial Highlights
Financial Highlights Profit and Loss ▪ Q4FY25 NII at INR 2,276 Crs up 5.7% Y-o-Y and 2.4% Q-o-Q.NII for FY25 at INR 8,944 Crs, up 10.5% Y-o-Y ▪ NIM for Q4FY25 at 2.5% vs 2.4% in Q4FY24. NIM for FY25 at 2.4%. ▪ FY25 Non-Interest Income at INR 5,857 Crs up 14.5% Y-o-Y. Non-Interest Income for Q4FY25 a
Slide 4: Asset Quality
Asset Quality ▪ (NNPA + net carrying value of SR) as % of Advances at 0.3% in Q4FY25 v/s. 1.1% in Q4FY24 and 0.6% in Q3FY25 • GNPA ratio at 1.6% as of Mar 31, 2025, v/s 1.6% at Q3FY25 and 1.7% at Q4FY24 • NNPA ratio improved to 0.3% v/s. 0.5% last quarter and 0.6% at Q4FY24 ▪ Gross Slippages for Q4F
Slide 5: Financial Highlights from Q4FY25 & FY25 Results
Financial Highlights from Q4FY25 & FY25 Results Profit & Loss Statement Highlights (INR Cr) Q4FY25 Q3FY25 Growth % Q4FY24 Growth % FY25 FY24 Growth % Net Interest Income 2,276 2,224 2.4% 2,153 5.7% 8,944 8,095 10.5% Non-Interest Income 1,739 1,512 15.0% 1,569 10.9% 5,857 5,114 14.5% Total Net Income
Slide 6: Investor Presentation Q4FY25 and FY25 Financial Results
5 Years INVESTOR PRESENTATION Q4FY25 and FY25 Financial Results since April 19, 2025 March’2020
Slide 7: Granularizing Balance Sheet
5 Addressed multiple challenges simultaneously despite macro headwinds: Regained Customer’s Trust and Rebuilding Granular Deposits Years Since March’2020 - Total Deposits at INR 2.85 Lac Crs, 2.7x since Mar’20 - CASA Deposits at 0.97 Lac Crs, 3.5x since Mar’20 - New Branch Addition since Mar’20 – 27
Slide 8: Improving Asset Quality
5 Addressed multiple challenges simultaneously despite macro headwinds: Significantly Improved Book’s Asset Quality Years - Gross NPA at 1.6% vs. 16.8% in (Mar’20) Since March’2020 - Net NPA at 0.3% vs. 5.0% in (Mar’20) - Net Carrying Value of Security Receipts – NIL Improving Asset Cumulative Recov
Slide 9: Strengthening The Franchise
5 Addressed multiple challenges simultaneously despite macro headwinds: Rebuilding Leadership in Digital Payments Years - #1 UPI Payee PSP Bank with ~57% Market Share (Mar’25)1 Since March’2020 - #2 UPI Payer PSP Bank with ~32%+ Market Share (Mar’25) 2 - Four out of Top Six UPI Apps work on YESBANK
Slide 10: Gaining Stakeholder Endorsement
5 Addressed multiple challenges simultaneously despite macro headwinds: All Along Gradually Gaining Stakeholder Confidence Years - Investors : Cumulative Capital Raise of ~INR 24,000 Crs via: Since March’2020 • Follow-on Public Offering (Jul’ 2020) • Private Placement to Carlyle & Advent Internation
Slide 11: Profitability Improvement Roadmap
5 To continue Further Improving Bank’s Profitability by Profitability Driven Growth Approach in both ‘Assets & Liabilities’ Years Since March’2020 Continued sharp focus on Cost & Efficiencies by Leveraging Digital Capabilities, Process & Productivity Improvement and Business Consolidation Risk Monit
Slide 12: Contents
Contents Financial Results- Q4FY25 & FY25 Profitability Improvement Roadmap – Key Levers & Progress YES BANK Franchise 7
Slide 13: Results At a Glance – Q4FY25 & FY25
Results At a Glance – Q4FY25 & FY25 All figures in INR Crs Arrows indicative of Q-o-Q Trends for Q4FY25 & Y-o-Y trends for FY25 Total Assets Advances Deposits CD Ratio Advances Mix Disbursement1 Retail & SME: Mid Corp: Corporate 27,734 Q4FY25 423,422 246,188 284,525 86.5% v/s. 59%:17%:24% 9.8%: Q-o-
Slide 14: Highlights for Q4FY25 and FY25 (1)
Highlights for Q4FY25 and FY25 (1) 1 Balance Sheet Highlights 2 ▪ Sustained Deposit accretion and CASA Ratio Expansion; Continued focus on branch led granular and profitable segments • Deposits at INR 2,84,525 Crs grew 6.8% Y-o-Y and 2.6% Q-o-Q ❑ AYB1 Deposits grew 16.0% Y-o-Y; Stronger Y-o-Y growth
Slide 15: Highlights for Q4FY25 and FY25 (2)
Highlights for Q4FY25 and FY25 (2) 1 P&L Highlights 2 ▪ Highest Full Year as well as Quarterly Net Profit since Reconstruction of INR 2,406 Crs (up 92.3% Y-o-Y) and INR 738 Crs for Q4FY25; up 63.3% YoY & 20.6% Q-o-Q • FY25 RoA at 0.6% v/s. 0.3% in FY24. Q4FY25 RoA at 0.7% v/s. 0.5% in Q4FY24 & 0.6%
Slide 16: Profit and Loss Statement
Profit and Loss Statement All figures in INR Crs • Net Profit for Q4FY25 at INR 738 Crs up Quarter Ended Growth Year Ended Growth 63.3% Y-o-Y & 20.6% Q-o-Q. FY25 Net Profit Profit and Loss Statement Q4FY25 Q3FY25 Q4FY24 Q-o-Q Y-o-Y FY25 FY24 Y-o-Y at INR 2,406 Crs up 92.3% Y-o-Y Net Interest Income
Slide 17: Break Up of Non-Interest Income
Break Up of Non-Interest Income All figures in INR Crs • Non-Interest Income for Q4FY25 at INR 1 Quarter Ended Growth Year Ended Growth Break up of Non Interest Income 1,739 Crs, up 10.9% Y-o-Y and 15% Q-o-Q. Q4FY25 Q3FY25 Q4FY24 Q-o-Q Y-o-Y FY25 FY24 Y-o-Y Non- Interest Income for FY25 at INR 5,857
Slide 18: Break up of Operating Expenses
Break up of Operating Expenses All figures in INR Crs • Operating Costs for Q4FY25 at INR 2,701 Quarter Ended Growth Year Ended Growth Crs down 4.2% Y-o-Y and up 1.7% Q-o-Q. Break up of Operating Expenses Q4FY25 Q3FY25 Q4FY24 Q-o-Q Y-o-Y FY25 FY24 Y-o-Y • FY25 Opex growth at 7.4% Y-o-Y. Staff 1,017
Slide 19: Provisions and P&L
Provisions and P&L All figures in INR Crs • Provisions for Q4FY25 up 27.9% Y-o-Y & 23.5% Q- Quarter Ended Growth Year Ended Growth o-Q. FY25 Provisions down 13.4% Y-o-Y Break up of Provisions • Q4FY25 Non-Tax provisions were down 32.5% Q4FY25 Q3FY25 Q4FY24 Q-o-Q Y-o-Y FY25 FY24 Y-o-Y Y-oY and were u
Slide 20: Balance Sheet
Balance Sheet All figures in INR Crs • Balance Sheet grew 4.4% Y-o-Y Balance Sheet 31-Mar-25 31-Dec-24 31-Mar-24 Q-o-Q % Y-o-Y % • C/D ratio at 86.5% v/s. 88.3% in Q3FY25 Assets 423,422 413,607 405,493 2.4% 4.4% and 85.5% in Q4FY24 Advances 246,188 244,834 227,799 0.6% 8.1% • Calibrated Advances gro
Slide 21: Break up of Advances & Deposits
Break up of Advances & Deposits All figures in INR Crs • SME Advances up 23.6% Y-o-Y; Mid- Segmental Break up of Advances 31-Mar-25 31-Dec-24 31-Mar-24 Q-o-Q % Y-o-Y % Corporate Advances up 21.8% Y-o-Y Retail 101,560 99,805 105,103 1.8% -3.4% • Corporate Advances up 11.5% Y-o-Y SME 43,651 41,991 35,
Slide 22: Break up of Investments
Break up of Investments All figures in INR Crs • Total Net Investments at INR 85,104 Crs Investments Breakup • SLR – INR 75,384 Crs • Non SLR – INR 9,721 Crs • Standard Rated - INR 7,773 Crs: HTM 0.5% 99.9% Rated AA and above • Security Receipts- NIL AFS 4.6% • Others Standard 1- INR 1,948 Crs SLR 8
Slide 23: NPA Highlights
NPA Highlights All figures in INR Crs • GNPA Ratio at 1.6% in Q4FY25 flat Q-o-Q Asset Quality Parameters 31-Mar-25 31-Dec-24 31-Mar-24 and down 10 bps Y-o-Y Gross NPA (%) 1.6% 1.6% 1.7% Net NPA (%) 0.3% 0.5% 0.6% • NNPA Ratio at 0.3% in Q4FY25 v/s.0.6% in Provision Coverage Ratio excl. Technical W/O
Slide 24: Summary of Labelled & Overdue Exposures
Summary of Labelled & Overdue Exposures All figures in INR Crs • Recovery and Repayments during Q4FY25 31-Mar-25 31-Dec-24 31-Mar-24 Particulars from Standard Restructured accounts Gross Provisions Gross Provisions Gross Provisions amounted to INR 1,507 crs NPA 3,936 3,135 3,963 2,821 3,983 2,653 Ot
Slide 25: CET 1 Ratio at 13.5%
CET 1 Ratio at 13.5%1 1 Bank’s Capital Adequacy Ratio 1 15.6% 15.9% 15.4% RWA to Total Assets at 71.3% vs. 2.1% 2.6% 3.2% CRAR 70.3% in Q4FY24 and 72.3% in TIER II Q3FY25 13.5% 13.3% CET 1 12.2% 31-Mar-25 31-Dec-24 31-Mar-24 2 CET I Q-o-Q Movement in Q4FY25 1 1 Includes Profits 20
Slide 26: Contents
Contents Financial Results- Q4FY25 & FY25 Profitability Improvement Roadmap – Key Levers and Progress YES BANK Franchise 21
Slide 27: Gradual Improvement in RoA
Gradual Improvement in RoA Key Levers Progress Over Last Few Quarters 1 Net Interest Income Expansion Reducing the drag of deposits placed in lieu of PSL Non-Compliances (RIDF Deposits) RIDF Deposits Reduced to 8.7% in M’25 vs. ~11% of Total Assets (M’241) Improving Yield on Advances by increasing S
Slide 28: Contents
Contents Financial Results- Q4FY25 & FY25 Profitability Improvement Roadmap – Key Levers and Progress YES BANK Franchise 23
Slide 29: New Generation, Professionally Run Private Sector Bank with a Scalable Platform
New Generation, Professionally Run Private Sector Bank with a Scalable Platform • 6th Largest Private Sector 1, Universal Bank offering comprehensive suite of product and services via its pan India network of 1,255 branches, 235 BCBOs and 1,331 ATMs (including CRMs and BNAs) in over 300 districts of
Slide 30: Retail Bank
Retail Bank: Full spectrum retail bank growing with strong momentum All figures in INR Crs Growth calibration in Retail Advances 1 Pan-India presence via 1,255 branches, 235 BC 72% of branches in 105,103 101,781 100,424 99,805 101,560 banking outlets Top 200 deposit and 1,331 ATMs, centers Q4FY24 Q1
Slide 31: Retail Assets
Retail Assets: Focus on Profitability enhancement All figures in INR Crs 1 Retail Banking asset disbursements1: Calibration in Product & Sourcing mix 2 Diversified retail book2 Secured Business Loans 9,517 3% 9,088 Home Loans 6% 8,047 7,989 Personal Loans 6% 7,517 Commercial Vehicle Loans 16% 6% Cre
Slide 32: Rural Assets
Rural Assets Deepening the penetration in emerging rural markets & generating Agri PSL All figures in INR Crs 1 Business originations 1 2 Robust Farmer financing and Women Microfinance book 1,182 ▪ High quality farmer financing book with NPA of ~2% 963 984 947 929 ▪ The NPA for Women Microfinance Bo
Slide 33: Credit Cards
Credit Cards: Strong business growth and enhanced customer experience 1 Sustained Strong Growth in Cards, Book Size & Card Spends 2 Key Initiatives FY 25 No of Cards In (‘000s) Book Size in Cr Increased contribution of Internal channels: 2,430 Spends in Cr • Sustained ~50% of sourcing from internal
Slide 34: Retail Slippages - Improvement on Q-o-Q basis
Retail Slippages - Improvement on Q-o-Q basis All figures in INR Crs Sequential improvement in Retail Slippages Improvement seen even on 1 Year lagged basis Early delinquencies i.e. 30+ also showing signs of improvement Retail Segment Slippages % of Retail Advances Retail Slippages - % of 1 Year Lag
Slide 35: Branch Banking
Branch Banking: Expanding Footprint, Enhanced Digital Cross Sell & Growth in Granular Deposits All figures in INR Crs 1 Branch Network 2 Digital Journeys for seamless Customer Acquisition, Servicing & Cross sell Branches BCBO Assisted Digital Onboarding 1,490 • ~96% Individual SA opened digitally wi
Slide 36: Maximizing Branch Distribution as Fulcrum of Business
Maximizing Branch Distribution as Fulcrum of Business Leveraging existing (and growing) network to offer full spectrum of products All figures in INR Crs Branch Banking led Deposits: 19.5%CAGR (FY23-FY25) Deposits Outperformance in Branch Banking – even Branch led sourcing of Assets and distribution
Slide 37: Deposits Metrics consistently outperforming Industry
Deposits Metrics consistently outperforming Industry All figures in INR Crs Deposits traction : consistent outperformance to Industry Outperformance even more significant in CASA Deposits Uptick in CASA ratio amidst strong headwinds in Industry YES BANK CASA Ratio Industry CASA Ratio YBL CAGR 14.4%
Slide 38: SME Banking
SME Banking: Strong Book Growth while boosting bottom line All figures in INR Crs 1 Steady growth in funded book 2 High quality & well diversified granular book with best-in-class Asset Quality Book Split by Ticket Size (count of customers) YoY growth: 23.6% 5% QoQ Growth: 4.0% 6% 0 - 0.5 Cr SME GNP
Slide 39: Wholesale Banking
Wholesale Banking Covering diverse Client Segments with deep Product Expertise Indian Scheduled Commercial & Cooperative Banks, International Banks, Global DFIs and DFIs, NBFCs, MFIs, Insurance, Mutual Funds, Stock Cross border Money Transfer Operators Indian Brokers & Payment Operators Internationa
Slide 40: Wholesale Banking Business (1)
Wholesale Banking Business (1) All figures in INR Crs 1 Corporate Book 3 Providing tailored solutions to clients across business segments Funded O/S Non-Funded O/S • Team of 182 Relationship Bankers in 9 cities Large 72,310 72,277 72,168 • Focus on providing wide suite of banking products to develop
Slide 41: Wholesale Banking Business (2)
Wholesale Banking Business (2) Building sustainable Liability Book • Alignment with Govt strategy & fund flow to focus on implementing agencies • Liquidity Mgmt. for Large and Mid-Corporates • Local Bodies, Development Authorities, Smart Cities & • Exporter Accounts Agricultural Bodies Government Co
Slide 42: Mid Corporate Segment
Mid Corporate Segment Strong Competitive Advantage aided by Relationships, Expertise & Solutioning All figures in INR Crs 1 Steady growth in Balances in the Mid Corporate segment 2 Strong source of Fee Income Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Mid Corporate Fees As % of Advances 21.8% Y-o-Y 600 564
Slide 43: Financial Markets
Financial Markets Customised solutions for clients Dedicated experienced product sales managers >15 yrs Remittances providing structured hedging solutions 39% YesFX Currency Exotics Notes Pan India Presence through sales centres 5-15 yrs Imports Full Yes FxOnline 47% FX Sales Product Suite Active FX
Slide 44: Digital @ Banking
Digital @ Banking A blend of distinctive capabilities, integrated strategy and multi pronged delivery channels aimed at enhancing skill with better efficiency and profitability Distinctive Capabilities Business Integrated Strategy Multi Pronged Delivery Market Leadership – YBL processes ~1 in 3 ‘Del
Slide 45: IRIS
IRIS A Next Gen ‘all-in-one’ Retail SUPER APP Gaining Strong Traction Since Go Live in Aug 2023 ✓37.0 lakh ✓20.4 Lakh ✓~27,000 ✓5.2 Lakh ✓223 Lakh ✓416 Lakh Registered Monthly Active PL Sourced RuPay Cards Service Request Transactions Users Users1 issued Handled ~55% of ~3,300 PL ~47,000 Cards 8.4%
Slide 46: IRIS Biz
IRIS Biz A Next Gen ‘all-in-one’ Business SUPER APP 100+ Banking Features across Web & Mobile Payments | Collections | Trade Finance | Supply Chain | Business Loans | Liquidity Mgmt | more.. 2.5 Lakhs + Scan 59,000+ 40 Lakhs + 14500 + 1330 + to Registered watch Active Customers Transactions Tax Bill
Slide 47: YES PAY NEXT
YES PAY NEXT A Next Gen ‘UPI’ Payment App UPI Payments | Bill Payment & Recharge | UPI Lite | Autopay Available in 2 languages | Gift cards, Vouchers & more... App store ratings 29 Lakhs + 21% 24% 4.6 Registered customers MOM Growth in User Base Monthly transacting users 4.7 Top plugin partners - Sw
Slide 48: YES Pay Biz
YES Pay Biz One Stop Solution for Merchants Collect | Manage | Grow 85 Lakhs App Store Ratings- 51,000+ 60% Monthly transactions valuing INR Registered Merchants Monthly transacting merchants 4.4 591 Crores On demand Instant Settlements | Multiple Collection Modes| Sub-User Management |Available in
Slide 49: Powering Digital India with our Distinctive Capabilities
Powering Digital India with our Distinctive Capabilities #1 UPI Payee PSP Bank Powering ~318 mn txn daily #2 UPI Payer PSP Bank Powering ~182 mn txn daily CAGR 42.05% (Q4FY22 Q4FY25) CAGR 74.9% (Q4FY22-Q4FY25) 39% 35% 35% 35% 33% 32% 57% 32% 56% 55% 54% 30% 29% 27% 40% 38% 37% 36% 34% 34% % Credit C
Slide 50: YES Connect: Enriched Customer Experience
YES Connect : Enriched Customer Experience B2B Marketplace API’fication of our Marketplace model Sachetization of Solutions across Industry Segments (YES Bank + Partner Offerings) YES Bank Services Partner Services Smart FinTechs Collections E-Invoicing Remittances Retailers Exchange Houses Cardless
Slide 51: Ecosystem Partners
Ecosystem Partners Digitizing client journeys & creating inorganic client acquisition funnel through Fintech partnerships Partnership roadmap of Digital & Transaction Banking Source Digital Onboard Digital Transact Digital Service Phygital Monitor Digital ▪ Digital Acquisition at ▪ Digital Client On
Slide 52: Transaction Banking
Transaction Banking Leveraging the strength of solutioning, leading to granular CASA, NFB, Fee, NII & FX Revenue Sachetization of Transaction Banking: STRENGTHENING Curated Solutioning by Client Segments FRANCHISE 17.11% growth Market Leadership – YBL Large Corporate FinTech & 21% YTD of NFB* book &
Slide 53: Agency Business
NEW Agency Business YES BANK is authorized as an Agency Bank to collect Central & State Tax Payments YES Tax Pay – An integrated collection suite enabling seamless tax payments across government tax portals. • Direct Integration for YES Bank Net Banking YES Tax Pay Channels.(Retail and Corporate) Di
Slide 54: Supply Chain Finance Business
NEW Supply Chain Finance Business End-to-End Digital solution designed for Anchor Corporates to support working capital needs of their MSME supply chain partners Operational Efficiency Granular Book -Digital Data Collection - Direct Linkages with Bureau, GST, Income Tax Portals ▪ Fully Digital onboa
Slide 55: Responsible franchise with sustainability at its core
Responsible franchise with sustainability at its core MSCI CRH S&P Global CDP Ranked highest FTSE4Good Highest rated Indian Index Constituent of ESG Score Included in MSCI ACWI’s Low amongst 35 large Highest Score amongst Bank for climate Carbon Leaders Index, scheduled commercial FTSE4Good Index di
Slide 56: Integrating ESG considerations across the Bank's business and operations
Integrating ESG considerations across the Bank’s business and operations Environment Social Governance Environmental Management: First Bank 23.17%* proportion of women in the Bank’s 54% of the Directors on the Bank’s globally with 1,186, ISO 14001:2015 workforce in FY 2024-25 Board are Independent D
Slide 57: Robust Governance Structure – Board Members
Robust Governance Structure – Board Members Eminent and Experienced Board Rama Subramaniam Gandhi Atul Malik Sharad Sharma Rekha Murthy Nandita Gurjar Non-Executive, Part time Chairman, Independent Director Independent Director Independent Director Independent Director Independent Director Sanjay Ku
Slide 58: Professional and Seasoned Management team
Professional and Seasoned Management team Prashant Kumar Managing Director & CEO, YES Bank Niranjan Banodkar Rajan Pental Manish Jain Chief Financial Officer Executive Director Executive Director Archana Shiroor Dheeraj Sanghi Gaurav Goel Chief Human Resources Officer Country Head - Retail Liabiliti
Slide 59: Strong people focus
Strong people focus: Stable leadership with focus on up-skilling talent, objective performance management & enabling employee flexibility • Employees in Grades G1 to G3 have an average vintage of over 9 years within the Bank combined with acquisition of top talent from the industry. • Adaptive Leade
Slide 60: Strong Investor base
Strong Investor base Well diversified Investor base: Shareholding Pattern as on March 31, 2025 Category % STATE BANK OF INDIA VERVENTA HOLDINGS LIMITED Banks 33.7% 24.0% CA BASQUE INVESTMENTS FDI 16.0% 1 LIFE INSURANCE CORPORATION OF INDIA Resident Individuals 29.3% 48.6% HDFC BANK LIMITED FPI’s 10.
Slide 61: Credit Rating
Credit Rating ICRA Downgrades CARE Upgrades: Basel II Upper Tier II to D from BB BASEL III Tier II to BBB from C INDIA Ratings CARE Downgrades INDIA Ratings Upgrades BASEL II Upper Tier II to BB+ from D CARE Upgrades Ratings across all Outlook-keeps Basel II Upper Tier II to D from C BASEL III Tier
Slide 62: Thank You
Thank You Disclaimer: No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of information or opinions contained herein. The information contained in this presentation is only current as of its date.