YES Bank’s net profit in the first quarter of this fiscal (FY17) grew 32.8 per cent to ₹731.8 crore (₹551.2 crore in Q1 FY16) on consistent growth in its balance sheet (total assets). Net interest income (NII) in Q1 rose 24.2 per cent year-on-year (y-o-y) to ₹1,316.6 crore due to robust growth in advances and current account and savings account (CASA) deposits. Net interest margin (NIM) rose 10 basis points y-o-y to 3.4 per cent.

Rana Kapoor, Managing Director and CEO, YES Bank, said: “YES Bank has delivered another highly satisfactory quarter of financial performance reflected in strong and quality growth, sustained profitability and continued resilience in asset quality… Given the improving macroeconomic environment along with stable asset quality and accelerating retail franchise, the bank is well poised to capture market share across retail and corporate segments at an enhanced pace.”

The bank registered a balance sheet size of over ₹1.77-lakh crore in Q1 FY17, up 27.5 per cent y-o-y. Total deposits grew 28.6 per cent to over ₹1.22-lakh crore while low-cost CASA deposits constituted 29.6 per cent of these (up 620 basis points y-o-y). Total advances grew 33 per cent to over ₹1.05-lakh crore with the proportion of corporate to retail lending at about 2:1.

Bad loans (gross non-performing advances) as a proportion of gross advances stood at 0.79 per cent (₹844.6 crore, up 33 bps y-o-y) and net NPAs at 0.29 per cent (₹302.4 crore, up 16 bps y-o-y). The bank’s capital adequacy ratio according to Basel-III norms stood at 15.5 per cent, up 50 bps.

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