Total income has increased from Rs. 35084.70 mn for the quarter ended December 31, 2014 to Rs. 41221.20 mn for the quarter ended December 31, 2015.
Yes Bank Ltd posted a net profit of Rs. 6757.40 mn for the quarter ended December 31, 2015 compared with Rs. 5402.90 mn for the quarter ended December 31, 2014.
Total Income has increased from Rs. 35084.70 mn for the quarter ended December 31, 2014 to Rs. 41221.20 mn for the quarter ended December 31, 2015.
Gross NPA for the quarter was at 0.66% Vs 0.61 (QoQ)
Commenting on the results and financial performance, Rana Kapoor, Managing Director & CEO, YES BANK said, “ YES Bank has delivered yet another consistent quarter of sustained financial performance driven by steady increase in NII on the back of an improving retail franchise,improvements in NIM, RoA, RoE and overall preservation of asset quality.
The Bank continues to build granularity and longevity in deposits demonstrated by Retail & CASA deposits contribution of 53.9% as on December 31, 2015 on the back of strong SA deposits growth of 64.1% y-o-y. The CASA ratio improved sequentially by 1.1% in the quarter to 26.6%. The Bank is committed to building a strong Retail franchise through continued investments in People,
Technology & Digical Infrastructure.
The Bank continues to show resilience on all Asset Quality parameters with an improving outlook going forward with credit costs for FY 2015-16 being contained within 50 bps (previous credit costguidance of 50-70 bps).
Given the improving macroeconomic environment along with stable Asset quality and accelerating Retail franchise momentum, the Bank is well placed to capture Market share across Retail and Corporate segments at an enhanced pace.”
Q3FY16 Performance highlights
Balance Sheet
Deposits: Total Deposits grew by 23.1% to Rs. 101,437.2 crore as at December 31, 2015. The Bank’s Balance Sheet grew by 19.8% to Rs. 147,754.0 crore as at December 31, 2015. The Bank’s CD ratio
stood at 83.2% as at December 31, 2015.
Current and Savings Account (CASA) deposits grew by 45.1% y-o-y to Rs. 27,019.4 crore taking the CASA ratio to 26.6% as at December 31, 2015 up from 22.6% as at December 31, 2014. Further, SA deposits grew by 64.1% to Rs.17,867.5 crore from Rs. 10,888.2 crore as at December 31, 2014.
Advances: Total Advances grew by 26.7% to Rs. 84,396.2 crore as at December 31, 2015. Corporate Banking accounted for 67.2% of the Advances portfolio, while Retail & Business Banking constituted 32.8%.
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