Money & Banking

YES Bank: Financial position satisfactory ahead of Q2 results

Surabhi Mumbai | Updated on October 01, 2018

Ahead of its second quarter results, private sector Yes Bank on Monday underlined its satisfactory financial performance and said its gross non-performing accounts amount to 1.35 per cent of gross advances.

It stood at 1.82 per cent as on September 30, 2017, and was at 1.3 per cent as on June 30, 2018.

Yes Bank, which is the fourth largest private sector lender, said its deposits grew by nearly 41 per cent as on September 30, 2018 to Rs 2.23 lakh crore compared to a year ago. CASA ratio stood at about 33.8 per cent with a growth of 28.2 per cent year on year, according to unaudited second quarter results.

“Loans and advances grew by about 61.5 per cent year on year across the corporate, IBU, MSME and retail segments, aggregating about Rs 2.40 lakh crore as on September 30, 2018,” it said in a release.

The lender is in the middle of succession planning after the Reserve Bank of India cut short the term of its Managing Director and CEO Rana Kapoor and has asked him to step down after January 31, 2019.

It is holding an analyst conference call this evening. The bank’s scrip was trading at Rs 184.50 on the Bombay Stock Exchange on Monday.

Published on October 01, 2018

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