Yes Bank Q1 Results

By the end of June 30, 2021, Yes Bank’s loans will have decreased by a marginal 0.4 percent to Rs 1.63 lakh crore, the bank said in an exchange filing on Monday.

According to the bank’s regulatory filing, total loans stood at Rs 1,63,914 crore as of June 30, 2021, down from Rs 1,64,510 crore in the year-ago period, a minor fall of 0.4 per cent year on year.

The bank stated, however, that the data as of June 30 are provisional and subject to confirmation by the audit committee, board of directors, and independent auditors.

It was down 1.8% sequentially from Rs 1,66,893 crore on March 31, 2021.

Gross retail disbursements during the June quarter was Rs 5,099 crore, up from Rs 424 crore a year ago and Rs 7,828 crore in the March quarter.

By June 2021-22, the bank’s liquidity coverage ratio was 118.4 percent, up from 114.1 percent a year previously.

By the end of June, deposits had increased 39.1 percent to Rs 1,63,295 crore from Rs 1,17,360 crore in the year-ago period. It increased by a slight 0.2% from Rs 162,947 crore in March 2021.

Liquidity coverage ratio refers to the percentage of highly liquid assets that banks and financial institutions must keep in order to pay a short-term obligation. These assets should be easily and swiftly convertible to cash.

On the BSE, Yes Bank finished at Rs 13.47 per share, down 0.66 percent from the previous close.

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Krishna Rath is a SEBI Registered Investment Adviser, and since 2015 has been educating netizens on investments and insurance. Krishna is a fee only SEBI RIA and is Odisha's first SEBI RIA. With background in IT, Krishna is changing the advisory space with new innovations in AdvisoryTech.

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