YES Bank Q1 performance

YES Bank’s Q1 Performance: Loans and Advances Surge 14.8% YoY 

The bank’s credit-to-deposit ratio for the first quarter dropped to 86.4%, compared to 91.3% in the same quarter last year. In the April-June 2024 period, the liquidity coverage ratio increased to 137.8%. 

YES Bank shares will be in focus on Wednesday morning after the private lender updated stock exchanges about its provisional quarterly business activity. YES Bank Ltd reported that its loans and advances for the June quarter jumped 14.8% year-on-year (YoY) to Rs 2,29,920 crore from Rs 2,00,204 crore in the same quarter last year. The bank has not yet announced the date for its Q1 results. 

In a filing to BSE, YES Bank stated that deposits for the quarter rose 20.8% YoY to Rs 2,64,910 crore from Rs 2,19,369 crore in the corresponding quarter of the previous year. The bank noted that its deposit growth excluding CDs was 20.9% YoY. On a quarterly basis, advances grew by 0.9%, while deposit growth fell by 0.5%. 

YES Bank reported its CASA at Rs 81,405 crore for the June quarter, up 26.1% from Rs 64,568 crore in the same quarter last year. The CASA ratio stood at 30.7% in Q1, compared to 30.9% in Q4FY24 and 29.4% in Q1FY24. 

The credit-to-deposit ratio was 86.8% against 85.5% in March and 91.3% in the year-ago quarter. The liquidity coverage ratio stood at 137.8% against 116.1% in March and 127% in the year-ago quarter. 

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