Yes Bank

This private sector bank posted good set of Q3FY15 numbers, very much in line with expectations. It posted a strong NII growth of 37% (YoY) at Rs.909 crore due to steady growth in advances, coupled with expansion in NIMs to 3.2% from 2.9% in Q3FY14. Non Interest Income rose 38% at Rs.537 crore, with Retail Banking Fees & Others rising 65%, Financial Advisory rose 43%, Financial Markets rose 41% and Transaction Banking grew by 19%. Net Profit in Q3FY15 was up 30% at Rs.540 crore.

In terms of Asset Quality, Gross NPA rose from 0.36% to 0.42% (QoQ) while Net NPA was up at 0.1% v/s 0.09%. During the quarter, provisions stood at Rs.70 crore, up by a whopping 426% (YoY) but down 41% sequentially. Total restructured loans were at Rs.171 crore, up from Rs.116 crore (QoQ). Total advances grew 32% while deposits rose 21%. Current and Savings Account (CASA) deposits grew by 31% (YoY) taking the CASA ratio to 22.6% as at December 31, 2014 up from 20.9% as at December 31, 2013. Tier I Capital stood at 11.8% and total CRAR stood at 16.7% as at December 31, 2014.