Yes Bank Reports 14% Loan Growth, Deposits Up by 10.1% in March Quarter

3 Apr 2024 , 01:45 PM

Yes Bank Ltd., headquartered in Mumbai, disclosed its business update for the March quarter on Wednesday, April 3, reporting a 14% increase in loans disbursed compared to the same quarter last year. Sequentially, the loan growth stood at 5% as per its exchange filing.

Advances for the quarter reached ₹2.28 lakh crore, while deposits amounted to ₹2.66 lakh crore, marking a quarter-on-quarter growth of 10.1% and a year-on-year growth of 22.5%.

The current and saving account (CASA) ratio for the fourth quarter was recorded at 30.9%, slightly up from 30.8% in the same quarter last year. Notably, Yes Bank’s CASA ratio reached its highest level in six quarters.

Yes Bank’s Credit Deposit Ratio, indicating the proportion of the bank’s lending to the deposits it accumulates, declined to 85.8% from 92.05% last year and 89.95% in the December quarter.

The Liquidity Coverage Ratio (LCR) for the March quarter was reported at 116.1%, down from 118.4% in December and 118.5% in the previous year. Shares of Yes Bank witnessed a 1.5% increase in the opening, reaching ₹24.95. At the time of writing, the shares were trading at ₹25 which is a 2.24% hike than the previous close. Over the last 12 months, the stock has surged by 61%.

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