Yes Bank Net Profit of f 2.901bn crore in Q1FY13; y-o-y growth of 34.3%
Customer Assets (loans & credit substitutes) growth of 32.4%
Net Interest Income grew at 33.3% y-o-y,Non-Interest Income grew at 74.3 A
Savings Accounts deposits increased by 354.1% y-o-y; CASA grew by 71.5% y-o-y; CASA
Ratio improves by 1.3% q-O-q, 5.4% y-o-y to 16.3%
Dividend of40% paid for FY 2011-12; representing an increase of 60% y-o-y
Commenting on the results and financial performance, Dr Ran Kapoor, Founder Managing Director & CEO, YES BANK said, "YES BANK has delivered another sabsfac ory quarto of financial performance despite economic challenges. The Bank has achieved healthy Net Proft growth of 34.3% on the back of strong Nil growth and robust Non Interest Income trrowth The Bank lias witnessed another quarter of strong traction on CASA, with its CASA ratio now at 16.3%. Increased productivity, wider distribution network and better product offerings have led to increased rate of retail customer acquisition. The Bank has inducted key leaders in its Retail Banking businesses to further strengthen its delivery and execution capabilities. With a comprehensive offering of Retail Asset products, the Bank will focus on imurovine cross-sell with its increasing customer base. Our main objective for FY 2012-13 is to build a strong platform for Retail Banking Assets and build on the momentum achieved on Retail Liabilities, this is in accordance with our Version 2.0 Vision & Strategy of achieving scale along with improving granularity and diversity."
Rana Kapoor further added, "YES BANK has been recognized as the No. 1 Sustainable Bank of the Year (Asia/Pacific) by FT/IFC Sustainable Finance Awards 2012, London, for the second consecutive year and for the third time in five years (ONLY BANK IN INDIA), reinforcing YES BANK's uncompromising commitment to sustainable growth."