New Delhi, Oct 18: Yes Bank’s Q2 net profit fell 18% sequentially to Rs 654 crore, down from Rs 801.07 crore in Q1 FY26.

The private sector lender also reported a 3% decline in total income QoQ to Rs 9,023.15 crore, down from Rs 9,348.11 crore in the previous quarter.

However, the bank’s net profit for the July-September period jumped 18% YoY from Rs 553.04 crore in Q2 FY25. The total expenditure for the period stood at Rs 7,726.6 crore, down over 3% from Rs 7,990.07 crore in Q1 FY26.

The bank’s non-interest income (NII) for the quarter was Rs 1,644 crore, up 16.9% YoY, while operating profit stood at Rs 1,296 crore. The bank’s long-term rating was upgraded to AA- from A in August, with a revised outlook to ‘Stable’.

The bank has opened 43 new branches during FY26, with SMBC becoming

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