Yes Bank Q2FY27: Loans up 23.8%, deposits 19.5%

Provisional disclosure ahead of results

Yes Bank has disclosed provisional business performance numbers for the quarter ended September 30, 2026 (Q2FY27). The lender reported that loans and advances rose 23.8% year-on-year (YoY) to INR 309,675 crore, while deposits increased 19.5% YoY to INR 354,084 crore. The bank clarified that these figures are provisional and have been released ahead of the official financial results for the quarter. The final results remain subject to approval by the Audit Committee of the Board, the Board of Directors, and a limited review by the statutory auditors.

Key Q2FY27 snapshot: growth remains strong

On a sequential basis, the provisional numbers indicate continued expansion in both advances and deposits. Loans and advances increased 8.6% quarter-on-quarter (QoQ) from INR 285,118 crore as of June 30, 2026. Deposits grew 12.3% QoQ from INR 315,373 crore in the same period. The data points to faster growth in deposits than advances on a QoQ basis, which is also reflected in the credit-to-deposit ratio moving lower. Liquidity metrics, such as the liquidity coverage ratio (LCR), stayed above 100%.

Loans and advances: INR 309,675 crore as of Sep 30, 2026

Yes Bank’s loans and advances stood at INR 309,675 crore as of September 30, 2026. This compares with INR 285,118 crore as of June 30, 2026 and INR 250,212 crore as of September 30, 2025. The reported growth rates were 8.6% QoQ and 23.8% YoY. The scale-up in advances is a key operating indicator for the bank, especially as investors track whether growth is being funded with a stable liability mix and supported by liquidity buffers.

Deposits: INR 354,084 crore, rising faster than loans QoQ

Deposits reached INR 354,084 crore as of September 30, 2026, compared with INR 315,373 crore a quarter earlier and INR 296,276 crore a year earlier. This translates to 12.3% QoQ and 19.5% YoY growth, based on the bank’s provisional table. Faster deposit growth can improve funding resilience, but it also shifts attention to the mix of deposits and the cost of mobilising them. The QoQ jump in deposits was meaningfully higher than the QoQ rise in loans, which influenced the quarter’s balance sheet ratios.

CASA deposits rise, but the CASA ratio contracts

Current account and savings account (CASA) deposits stood at INR 106,255 crore as of September 30, 2026. The bank reported CASA growth of 2.9% QoQ (from INR 103,233 crore) and 6.6% YoY (from INR 99,708 crore). However, the CASA ratio fell to 30.0% from 32.7% in the previous quarter and 33.7% a year ago. Yes Bank attributed the decline in CASA ratio to total deposits growing faster than CASA balances. For investors, the CASA ratio is closely watched because it is a proxy for the share of low-cost deposits in the funding mix.

Certificate of deposits jump to INR 11,382 crore

Yes Bank’s certificate of deposits (CDs) rose to INR 11,382 crore as of September 30, 2026. This compares with INR 6,604 crore as of June 30, 2026 and INR 987 crore as of September 30, 2025. The increase indicates higher reliance on wholesale funding instruments within the overall deposit stack during the period. While the disclosure does not provide costs or maturity details, the size of CDs is relevant because it can influence funding mix and liquidity management.

Ratios: credit-to-deposit declines, LCR remains above 100%

The credit-to-deposit ratio stood at 87.5% as of September 30, 2026, versus 90.4% a quarter earlier and 84.5% a year earlier, as per the provisional table. The LCR was reported at 131.4% as of September 30, 2026, compared with 138.2% as of June 30, 2026 and 125.1% as of September 30, 2025. The movement suggests that liquidity remained comfortable, even as the bank scaled up its balance sheet. At the same time, the sequential decline in the credit-to-deposit ratio aligns with deposits rising faster than advances in Q2FY27.

Adjustments and “normalised” growth numbers

Yes Bank noted that balances as at September 30, 2026 and June 30, 2026 have been adjusted for outstanding FCNR(B) deposits and related FCTL, while balances as at September 30, 2025 remain unaffected. On a normalised basis, advances growth stood at 3.3% QoQ and 17.7% YoY. Deposit growth on a normalised basis was 6.5% QoQ and 13.2% YoY. The bank’s inclusion of normalised growth rates is intended to help users interpret underlying momentum after adjusting for the specified items.

Summary table of provisional Q2FY27 metrics

The table below captures the key provisional parameters disclosed by the bank (figures in INR crore unless stated otherwise).

Market context: revenue trend and broker commentary mentioned

Alongside the business update, the provided data set also includes historical quarterly revenue numbers (consolidated) in INR crore, with revenue reported at INR 8,054 crore in June 2026. A trailing-twelve-month revenue figure is cited as 162.81B, which corresponds to INR 16,281 crore when expressed in INR crore. Separately, the text notes that Citi expects the lender and other banks to see an earnings boost, while Morgan Stanley expects a smaller profit benefit than it had estimated earlier. No specific earnings numbers or scenarios were provided in the supplied material, so the precise drivers and magnitude of these views are not detailed here.

Why these Q2FY27 metrics matter

For a bank, provisional balance sheet trends often shape near-term investor expectations before the earnings release. In Yes Bank’s update, the headline is the combination of strong YoY growth in advances and deposits, alongside a declining CASA ratio. The rise in CDs is another data point markets may track, because it can indicate a higher share of market-linked funding within deposits. The next set of disclosures that can add clarity will be the official quarterly results and accompanying commentary, once approved by the board and reviewed by auditors.

What to watch next

The bank has already indicated that the provisional numbers are subject to review and approvals before final reporting. Investors will typically look for confirmation of these trends in the financial results for the quarter ended September 30, 2026. Additional colour on funding mix, deposit composition, and the role of CDs may also be assessed once the full results and notes are released. Until then, the provisional disclosure serves as an early read on balance sheet momentum going into the results season.