Curated By: Business Desk
Last Updated: October 21, 2023, 16:15 IST
YES Bank in July-September quarter reported curiosity expanded at Rs 4785.61 crore, as in comparison with Rs 3483.02 crore in an analogous interval final 12 months.
The web curiosity revenue of the financial institution stood at Rs 1,925 crore, which was 3.3 % up on-12 months.
Yes Bank Q2 Results 2023: On October 21, Yes Bank introduced a notable enhance of 47.4 % in its web revenue, reaching Rs 225.21 crore for the second quarter of the continuing monetary 12 months. In comparability, throughout the identical interval final 12 months, the financial institution had recorded a web revenue of Rs 152.82 crore.
On a sequential foundation, web revenue falls over 34 %.
In the present reporting quarter, the financial institution’s asset high quality witnessed enchancment, because the gross non-performing asset (NPA) ratio reached 2 %, and the Net NPA ratio was at 0.9 %.
In phrases of absolute figures, the gross non-performing property (NPA) amounted to Rs 4,319.03 crore as of September 30, whereas the online non-performing property stood at Rs 27,419.11 crore as of the identical date.
During the reporting quarter, provisions and contingencies recorded a 12 months-on-12 months decline of 14.1 %, totaling Rs 500.38 crore. In the corresponding interval the earlier 12 months, this determine had been Rs 582.81 crore.
Provision Coverage Ratio (PCR) of the financial institution stood at 56.4 %, as towards 48.4 % final quarter. Including Technical write-off, PCR stood at 72.1 %, as in comparison with 67.8 %.
Yes Bank has reported deposits progress of 17.2 % on-12 months, which is up 6.8 % on-quarter to Rs 2.34 lakh crore, whereas its advances elevated by 9.5 % on-quarter and 5.2 % on-quarter to Rs 2.20 lakh crore as detailed within the submitting with BSE dated October 3.
In the reporting quarter, CASA Ratio remained secure on a sequential foundation, at 29.4 % regardless of the difficult surroundings. 3.91 lakh CASA Accounts opened through the quarter, launch stated.
The web curiosity revenue of the financial institution stood at Rs 1,925 crore, which was 3.3 % up on-12 months. Net curiosity margins (NIM) for Q2FY24 at 2.3 % down by practically 30 foundation factors (Bps) on-12 months and 20 bps on-quarter.
In Q2FY24, Non-Interest Income at Rs 1,210 crore, up 38.4 % on-12 months and 6.0 % on-quarter.
Yes Bank in July-September quarter reported curiosity expanded at Rs 4785.61 crore, as in comparison with Rs 3483.02 crore in an analogous interval final 12 months.
