Yes Bank

On the bank of very good growth in interest as well as non-interest income, Yes Bank posted a  31% (YoY) rise in net profit at Rs.883 crore. Net Interest Income at Rs. 1,507.5 crores, up 30% was done on back of growth in Advances & CASA and expansion in NIM. Non-Interest Income rose 34% at Rs.998 crore. NIM expanded from 3.4% to 3.5%.

Total Deposits grew by 30.5% and Advances grew by 39%.

On terms of asset quality too, it was stable with Gross NPA at 0.85% v/s 0.83% (QoQ) and Net NPA remained stable at 0.29%. Provision coverage ratio was up at 66%, up from 64.08% in Q2. The total Standard Restructured Advances as a proportion of Gross Advances was at 0.42% (Rs.500 crores) as at Dec 31, 2016, down from 0.67% (Rs.568 crore) as at Dec 30, 2015. No additional restructuring during the quarter.  Strategic Debt Restructuring outstanding exposure of 0.16% (`Rs.193 crore ) to Gross Advances as on Dec 31, 2016 from 2 accounts, of which one account was restructured through SDR route during the quarter.

Branch network stands at 964 branches as on December 31, 2016, an addition of 14 branches in the quarter. Total ATM network stands at 1,757 as on December 31, 2016, of which 502 are Bunch Note Acceptors (BNA)/Cash Recyclers.