Yes Bank Q4 results: Yes Bank, a private sector lender, posted a net profit of Rs 452 crore for the quarter ended March 31, up 123 percent from Rs 202 crore in the previous year’s period.
The bank’s gross non-performing assets were at 1.7 percent, down from 2.2 percent in the same period the previous year. The net NPA for the quarter was 0.6 percent, up 0.80 percent from the previous year.
The lender’s net interest margins, a crucial measure of profitability, remained unchanged at 2.4% compared to the previous period. There was a slight increase of 2% in net interest income (NII), reaching Rs 2,153 crore, compared to Rs 2,105 crore in the same quarter last year.
Yes Bank Q4 results
Provisions for the quarter decreased by 23.7% year-on-year to Rs 470.8 crore. In the previous quarter, provisions had seen a significant increase.
Net advances increased by 13.8% year-on-year, reaching Rs 2.27 lakh crore, driven by growth in SME and mid-corporate advances, as well as a rebound in the corporate segment.
Total deposits reached Rs 2.6 lakh crore, marking a 22.5% increase. The CASA ratio stood at 30.9%, compared to 30.8% in Q4FY23. Many banks have been strengthening their deposit base amidst tighter liquidity conditions in the banking system and strong demand for loans. This has put pressure on their lending margins. Yes Bank saw a 12.1% growth in loans compared to the previous year, while deposits increased by over 22%.
Also Read: ICICI Bank Q4 results preview
The bank’s shares concluded trading on April 26 at Rs 26.15 each, representing a 0.73 percent increase on the BSE.
Disclaimer: Stockeasynow provides stock market news for informational purposes only and should not be construed as investment advice. Readers are strongly encouraged to consult with a qualified financial advisor before making any investment decisions.
