Yes Bank Building | Photo credit: Dinakaran
Yes, Bank reported an increase of 63 percent expected in the net benefit for the quarter of January-March, helped by the fall in loan loss provisions.
The independent net gain of the private lender based in Mumbai increased to ₹ 738 million rupees for the fourth trimester of the financial year of ₹ 452 million rupees in the same period of the previous year.
That was the average forecast of analysts or 6.4 billion rupees, according to LSEG’s data.
Yes, Bank’s provisions and contingencies, or funds, were kept aside for possible uncollectible loans, fell 32.5 percent in the year to ₹ 318 million rupees.
Its ratio of gross performance assets, a key or active quality, was at 1.60 percent at the end of March, without changes since the end of the previous three months.
Income from net interest, the difference between interest earned in loans and paid to depositors, increased 5.7 percent to 22.76 billion rupees.
Its other income, including rates, commissions and interests gained interesting interest -based activities, increased 11 percent to 15.67 billion rupees.
Their loans grew by 8.1 percent with the year, while deposits increased 6.8 percent.
The only margin of interest, a key profitability measure, was 2.50 percent, compared to 2.40 percent of the previous year and in the last three months.
Analysts hope that the net margins of banks are under pressure in the next quarters after the rate rate of 50 base points reduced by the Indian reserve bank since February. This is because the passage to loan rates occurs faster compared to deposits.
Yes Bank’s shares closed 1.2 percent higher on Thursday before the results.
Posted on April 19, 2025