Yes Bank reports 26% yoy growth in Q3 deposits, gross retail disbursements rise to Rs9,233cr; Stock jumps nearly 4% so far today

4 Jan 2022 , 11:11 AM

Yes Bank announced the provisional data of operating performance for the quarter ending December 30, 2021 (Q3FY22). The bank’s stock rallied on Tuesday.

The Bank has posted a 3.9% yoy growth in net advances to Rs176,422cr during Q3FY22. The advances grew by 2.1% sequentially.

Gross retail disbursements during the quarter stood at Rs9,233cr higher from Rs7,470cr and Rs8,478cr in Q3FY21 and Q2FY22 respectively.

The lender garnered deposits of Rs184,289cr in Q3FY22 rising by a whopping 26% yoy and 4.3% qoq. CASA stood at Rs55,997cr up by 47.5% yoy and 7.6% qoq.

The lender’s liquidity coverage ratio was at 127% in Q3FY22 versus 120% of Q3FY21 and 113.1% of Q2FY22.

At around 11.09 am, Yes Bank was trading at Rs14.36 per piece up by 2.06% on Sensex. The stock has gained by nearly 4% with an intraday high of Rs14.60 per piece so far today.