YES Bank's CEO, Prashant Kumar, revealed that a significant portion of the bank's retail fresh slippages in Q2FY25 came from its unsecured portfolio.

During the July-September quarter, the bank recorded Rs 1,179 crore in fresh retail slippages, contributing to total gross slippages of Rs 1,314 crore, which represents 2.2% of advances. This is a slight improvement compared to the previous year's Q2FY24 and Q1FY25.

The bank's asset quality has shown positive trends, with the gross non-performing asset (GNPA) ratio decreasing to 1.6% as of September 30, 2024, down from 1.7% a year earlier. The net NPA ratio remained stable at 0.5%. GNPAs increased slightly to Rs 3,889.43 crore from the previous quarter, indicating a cautious but steady approach to managing asset quality in the unsecured lending segment.