Yes Bank Q4 Financial Results, Download PDF

Private sector lender Yes Bank has reported its financial results for the January-March quarter of the financial year 2023-24. Here are the key highlights

• Net profit: Yes Bank reported a net profit of Rs 451 crore for the quarter, which marks a 123 percent jump compared to Rs 202 crore in the year-ago period.
• Asset quality: The bank’s gross non-performing asset (NPA) stood at 1.7 percent, down from 2.2 percent in the same quarter last year. The net NPA for the quarter stood at 0.6 percent, improving from 0.80 percent on a year-on-year basis.
• Gross slippages: Gross slippages for Q4FY24 stood at Rs 1,356 crore, compared to Rs 1,233 crore in Q3FY24.
• Net interest income (NII): The lender’s NII came in at Rs 2,153 crore, a marginal increase of 2 percent compared to Rs 2,105 crore in the corresponding quarter of the previous fiscal.
• Net advances and deposits: Net advances grew by 13.8 percent year-on-year and stood at Rs 2.27 lakh crore. Total deposits stood at Rs 2.6 lakh crore, up 22.5 percent.
• CASA ratio: The CASA (Current Account Savings Account) ratio for the quarter was 30.9 percent, compared to 30.8 percent in Q4FY23.
• Net interest margin: The net interest margin dropped to 2.4 percent, compared to 2.8 percent in Q4FY23.

Download YES Bank Financial Results Q4FY24