Archive · 18 Jul 2026
Yes Bank Sees Strong FCNR Demand, Corporate Lending Surges
Yes Bank is experiencing a lot of interest in a special type of bank account for people living outside India, especially from West Asia.
At the same time, the bank is lending more money to businesses, which grew by 41% compared to the same time last year.
The bank's profits also increased by 34%, and it is doing better at managing risky loans.
The bank's leader, Vinay Tonse, mentioned that they have set limits on how much they can lend for these special accounts and are waiting for more approvals.
The bank plans to keep growing faster than other banks in the industry and aims to improve its profit margins over time.
Yes Bank is seeing strong demand for foreign currency non-resident (FCNR) deposits, particularly from West Asia.
Corporate lending grew about 41% year-on-year in Q1FY27, driven by increased liquidity requirements from sectors like oil and metals.
Yes Bank's standalone net profit rose 34% year-on-year to ₹1,071 crore in Q1FY27.
Net interest income increased 17.5% to ₹2,786 crore, and net interest margin improved 20 basis points to 2.7%.
Gross non-performing assets stood at 1.3%, net NPAs at 0.2%, and provision coverage at 81.7%.
- Who
- Yes Bank
- What
- Strong demand for FCNR deposits and significant growth in corporate lending
- When
- Q1FY27 (June quarter)
- Where
- India, particularly with inflows from West Asia
- Why
- Due to increased liquidity requirements from sectors like oil and metals, and favorable market conditions
- FCNR Demand
- Strong, particularly from West Asia
- Corporate Lending Growth
- 41% year-on-year in Q1FY27
- Net Profit Growth
- 34% year-on-year to ₹1,071 crore in Q1FY27
- Net Interest Income Growth
- 17.5% to ₹2,786 crore in Q1FY27
- Gross Non-Performing Assets (GNPA)
- 1.3%
- Net Non-Performing Assets (NPA)
- 0.2%
- Provision Coverage
- 81.7%
- Net Interest Margin
- 2.7%