Yes Bank’s Deposits Jump 21.1%; Advances Up 8.8% in March 2022 quarter


Yes Bank on Tuesday reported a 21.1 per cent year-on-year leap in its deposits to Rs 1.97 lakh crore and eight.8 per cent development in its web advances to Rs 1.81 lakh crore for the March 2022 quarter. The lender’s deposits had stood at Rs 1.63 lakh crore within the corresponding quarter final 12 months, whereas its advances had been at Rs 1.67 lakh crore, in accordance with a BSE submitting.

The financial institution’s gross retail disbursements in the course of the March 2022 quarter stood at Rs 10,324 crore as in contrast with Rs 7,530 crore a 12 months in the past. Its certificates of deposits throughout January-March 2022 had been at Rs 4,0264 crore as towards Rs 6,896 crore within the year-ago interval.

Current account/saving account (CASA) deposits stood at Rs 61,449 crore on the finish of March 2022, which is a 44.3 per cent leap as in contrast with Rs 42,587 crore a 12 months in the past. Its CASA-to-total deposits, besides certificates of deposits, are available in at 31.8 per cent within the March 2022 quarter as in contrast with 27.3 per cent a 12 months in the past. The financial institution’s credit-to-deposit ratio was at 92 per cent as in contrast with 102.4 per cent within the year-ago interval.

Yes Bank’s liquidity protection ratio (LCR) in the course of the March 2022 quarter was at 126 per cent as in contrast with 122.3 per cent a 12 months in the past. Average quarterly LCR was 114.6 per cent, which was 113.9 per cent within the year-ago interval.

The financial institution mentioned, “Theā€¦information is provisional and being released ahead of the official announcement of the financial results for the period ended March 31, 2022, which is subject to approval by the Audit Committee of the Board, Board of Directors and audit by the Statutory Auditors of the bank.”

Shares of Yes Bank on Tuesday was buying and selling marginally decrease by 0.53 per cent at Rs 13.03 apiece as in comparison with the earlier shut. The financial institution’s inventory has fallen by about 16 per cent previously one 12 months, whereas it’s down about 8 per cent in 2022 (year-to-date or YTD) to date.

The lender reported a 77 per cent leap in its consolidated web revenue to Rs 266 crore for the quarter ended December 31, 2021, its highest web revenue since December 2018. The lender reported a web revenue of Rs 148 crore within the year-ago interval . On a sequential foundation, the online revenue rose 18 per cent.

Its whole revenue throughout October-December 2022 declined to Rs 5,632.03 crore from Rs 6,408.53 crore within the year-ago interval. The financial institution’s provision protection ratio decreased to 79.3 per cent on the finish of December 31, 2021. Net curiosity revenue fell 31 per cent to Rs 1,764 crore within the December 2022 quarter, in contrast with Rs 2,560 crore within the year-ago interval.

The financial institution reported an enchancment in gross non-performing asset ratio to 14.7 per cent as in contrast with 15 per cent within the earlier quarter, led by decrease slippages at Rs 978 crore as towards Rs 1,783 crore in Q2FY22.

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