Latest News
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
YES Bank Announces Financial Results for the Quarter Ended December 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Jan 29, 2016 12:38 IST
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Mumbai, Maharashtra, India - Net Profit of Rs 675.7 crore in Q3FY16; y-o-y growth of 25.1%. NIM expanded to 3.4% - Net Interest Income at Rs 1,157.0 crore for Q3FY16; y-o-y growth of 27.3% - RoA stands at 1.8%, RoE at 20.5% and Book Value at Rs 323.3 per share - Y-o-Y growth in CASA of 45.1%; CASA Ratio improves to 26.6% from 22.6% a year ago. SA deposits posted robust growth of 64.1% y-o-y - CASA+Retail FDs as % of Total Deposits stands at 53.9% as at December 31, 2015, up from 45.4% a year ago - Total Capital Adequacy* as per Basel III stands at healthy 16.1%#, Tier I ratio maintained at 10.9% - Credit Cost at 14 bps for Q3FY16 (9MFY16 at 34 bps). Nil Restructured, Nil ARC sale, Nil SDR and Nil 5:25 refinancing during the quarter. Overall Credit Costs for 2015-16 at most 50 bps versus 70 bps previously stated
Financial Highlights from Q3FY16 Results:
Profit & Loss Statement Highlights
The Board of Directors of YES BANK Ltd. took on record the Q3FY16 results at its meeting held in Mumbai today.
Commenting on the results and financial performance, Mr. 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 cost guidance 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%.
For more information on Financial Results for the Quarter, click here
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||
| |||||