Yes Bank back in black with Rs1066 cr FY22 profit

BBN Bureau

Huge legacy bad loans still a challenge for the bank

MUMBAI/April 30-2022: Yes Bank succeeded in overcoming its loss-making period and close the just-concluded financial year in profitability.

Yes Bank reported net profit of Rs367.46 crore for the fourth quarter (Q4) ending March 31, 2022 compared with a net loss of Rs3787.75 crore for the corresponding quarter in the previous year.

Sequentially, the Q4 profit was up by 37.92 per cent compared with the Q3 profit of Rs266.43 crore. The bank could close 2021-22 (FY 22) with a net profit Rs1066.21 crore against a huge loss of Rs3462.23 crore the bank closed the previous year – FY21

Prashant Kumar (seen in the picture), MD & CEO of Yes Bank said that the transformation journey taking place at Yes Bank has resulted into sustained improvement in balance sheet growth, accelerated granularisation, improving asset quality trends, enhanced liquidity and stronger capital position over the past 2 years.

“While the core operating profitability of the franchise continues to improve, the drag from legacy stressed assets has significantly reduced, resulting into net profitability,” Kumar added.

Still sitting on huge NPAs

The bank is still weighed down by its non-performing assets (NPAs) which amounted to Rs27,975.98 crore on gross level as of March 31, 2022 and Rs8204.53 crore on net level.

In terms of ratio, the gross NPAs were 13.93 per cent and net NPA was at 4.53 per cent as of end-FY22. These were 15.41 per cent and 5.88 per cent respectively a year ago.

The decline in provisions made all the difference in FY22 which nosedived from Rs9383.35 crore for the financial year 2020-21 (FY21) to Rs1480.08 crore for the just-concluded FY22.

However, the bank is somewhat comfortable on capital adequacy ratio (CAR), which was at 17.4 per cent as of March 31, 2022.


The bank witnessed all-round growth on almost all parameters. While the total assets grew 16.33 per cent to Rs3,18,220.23 crore from Rs2,73,542.77 crore a year ago, the advances improved from Rs1,66,892.99 crore to Rs1,81,051.99 crore during the year.

Deposits base also expanded from Rs1,62,946.64 crore to Rs1,97,191.73 crore during the period under discussion.

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