
YES Bank’s share price surged by 2.9% today, reaching a high of Rs 20.18 per share on the Bombay Stock Exchange (BSE). This rally came after the bank released its business update for the December quarter (Q3FY25).
According to the update, YES Bank’s Loans and Advances grew by 12.6% year-on-year (Y-o-Y) to Rs 245,035 crore. At the end of December 2023, the bank’s loan book stood at Rs 217,523 crore.
On a quarterly basis, the bank’s loan book grew by 4.2%, up from Rs 235,117 crore in the previous quarter.
In terms of deposits, YES Bank reported a 14.6% Y-o-Y increase, reaching Rs 277,199 crore in Q3FY25, compared to Rs 241,831 crore in Q3FY24. However, deposits saw a slight dip from Rs 277,214 crore in the previous quarter (September 2024).
The bank’s credit-to-deposit ratio (CDR) improved sequentially, rising to 88.4% from 84.8% in the previous quarter.
YES Bank is a full-service commercial bank, offering a wide range of products, services, and digital solutions to retail, MSME, and corporate customers. It operates across India and has an International Banking Unit (IBU) at GIFT City, along with a representative office in Abu Dhabi.
In Q2FY24 (September 2024), YES Bank’s standalone net profit more than doubled to Rs 553 crore, up from Rs 225 crore in the same quarter last year. The bank’s net interest income (NII) grew by 14.3% Y-o-Y to Rs 2,200 crore, while the net interest margin (NIM) increased to 2.4%, up from 2.30% in the same quarter last year, remaining stable compared to the previous quarter.
However, in the calendar year 2024 (CY24), YES Bank shares have fallen by 8.6% on the BSE, while the benchmark BSE Sensex rose by 8.2%.
The stock hit a 52-week high of Rs 32.8 on November 13, 2024, and a 52-week low of Rs 19.05 on February 9, 2024. The bank’s market capitalization stands at Rs 62,856.5 crore.