The Board of Directors of YES BANK Ltd. took on record the Q3FY15 results at its meeting held in Mumbai.
Commenting on the results and financial performance, Rana Kapoor, Managing Director & CEO, YES BANK said, “YES Bank has delivered another steady quarter with healthy growth in Net Profit of 30% driven by sustained increase in NII, expanding NIMs and stable asset quality. Further, the Bank continued its focus on building granularity in deposits demonstrated by Retail deposit contribution of 45.4% as on December 31, 2014. In FY2015, the Bank has so far raised US$ 500 Mn Equity through QIP and Long term Funding of US$ 422 Mn through Dual Currency Syndicated Facility and US$ 200 Mn from Asian Development Bank aggregating to approximately US$ 1.2 Bn. This reflects faith and trust reposed in YES BANK from a diverse set of global stakeholders.
He further added that, with an improving public policies and macroeconomic environment, YES BANK is well poised to capture growth as demonstrated by 32.4% growth in advances in this quarter, resulting in increasing market share in Indian Banking.”
Commenting on the results and financial performance, Rana Kapoor, Managing Director & CEO, YES BANK said, “YES Bank has delivered another steady quarter with healthy growth in Net Profit of 30% driven by sustained increase in NII, expanding NIMs and stable asset quality. Further, the Bank continued its focus on building granularity in deposits demonstrated by Retail deposit contribution of 45.4% as on December 31, 2014. In FY2015, the Bank has so far raised US$ 500 Mn Equity through QIP and Long term Funding of US$ 422 Mn through Dual Currency Syndicated Facility and US$ 200 Mn from Asian Development Bank aggregating to approximately US$ 1.2 Bn. This reflects faith and trust reposed in YES BANK from a diverse set of global stakeholders.
He further added that, with an improving public policies and macroeconomic environment, YES BANK is well poised to capture growth as demonstrated by 32.4% growth in advances in this quarter, resulting in increasing market share in Indian Banking.”
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