Commenting on the results and financial performance, Mr. Rana Kapoor, Managing Director &CEO, YES BANK said, “ YES Bank has delivered another consistent quarter of sustained financial performance reflected by healthy growth in Net Profit of 26.5% and driven by steady increase in NII and stable asset quality.
The company reported Net Profit of Rs. 610.4 crore in Q2FY16; y-o-y growth of 26.5%. NIM expanded to 3.3% y-o-y.
The Net Interest Income at Rs. 1,108.5 crore for Q2FY16; y-o-y growth of 29.4%.
Financial Highlights
Y-o-Y growth in CASA of 40.5%; CASA Ratio improves to 25.5% from 22.5% a year ago, crossing 25% for the first time. SA deposits posted robust growth of 61.7% y-o-y.
CASA+Retail FDs as % of Total Deposits stands at 52.5% as at September 30, 2015, up from 42.9%
a year ago
Total Capital Adequacy as per Basel III stands at 14.9%*, as at September 30, 2015.
Asset Quality: Bank’s Asset quality continued to show resilience in the quarter. Gross Non Performing Advances as a proportion of Gross Advances was at 0.61% while Net Non Performing Advances as a proportion of Net advances was at 0.20% as at September 30, 2015.
Net NPA increased by only Rs. 51.9 crore q-o-q. Bank’s specific loan loss Provision Coverage was at 67.7% as at September 30, 2015.
Total Standard Restructured Advances stand at Rs. 569.3 crore as at September 30, 2015. This represents 0.71% of the Gross Advances, same as last quarter.
There has been no sale to ARC during the previous four quarters. Also the Bank has not refinanced any loan through 5-25 route.
Commenting on the results and financial performance, Mr. Rana Kapoor, Managing Director &CEO, YES BANK said, “ YES Bank has delivered another consistent quarter of sustained financial performance reflected by healthy growth in Net Profit of 26.5% and driven by steady increase in NII and stable asset quality.
Further, the Bank continues to build granularity in deposits demonstrated by Retail & CASA deposits contribution of 52.5% as on September 30, 2015 on the back of healthy SA deposits growth and with CASA crossing 25% for the first time since inception of the Bank 11 years ago.I am also pleased to announce that YES Bank is the first bank to have launched its operations at the IBU branch in the IFSC, GIFT city at Gandhinagar, Gujarat. This along with the recent RBI licensing approvals for setting up AMC operations and commencement of PD business will further deepen our value proposition for our corporate as well as retail customers.”
Asset Quality: Bank’s Asset quality continued to show resilience in the quarter. Gross Non Performing Advances as a proportion of Gross Advances was at 0.61% while Net Non Performing Advances as a proportion of Net advances was at 0.20% as at September 30, 2015.
Net NPA increased by only Rs. 51.9 crore q-o-q. Bank’s specific loan loss Provision Coverage was at 67.7% as at September 30, 2015.
Total Standard Restructured Advances stand at Rs. 569.3 crore as at September 30, 2015. This represents 0.71% of the Gross Advances, same as last quarter.
There has been no sale to ARC during the previous four quarters. Also the Bank has not refinanced any loan through 5-25 route.
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