New Delhi, July 18 -- Yes Bank on Saturday reported a 33.7 per cent year-on-year rise in net profit to Rs 1,071 crore for the first quarter of FY27, driven by higher core earnings, improved margins and steady asset quality, even as gains from security receipts and treasury operations declined.

Commenting on the results, Yes Bank Managing Director and CEO Vinay M Tonse said, "YES BANK has begun FY27 on a strong footing, with Q1 Net Profit growing ~34% Y-o-Y to INR 1,071 Crs. We delivered higher core earnings even as gains from Security Receipts and treasury fell sharply - clear evidence that the underlying franchise is strengthening."

The bank's net interest income (NII) rose 17.5 per cent year-on-year to Rs 2,786 crore during the April-...