The lender had already shared its business update for the quarter earlier this month, where loan growth slowed even further from a seven-quarter low in March.
Advances for the period grew only 5.1% from last year and dropped 2% sequentially to ₹2.41 lakh crore, while deposits grew by 4% from the year-ago quarter to ₹2.75 lakh crore. Deposits too, were down 3% from the March quarter.
Yes Bank’s Credit-Deposit Ratio stood at 87.5% at the end of the June quarter compared to 86.5% in March and 86.6% last June.
Liquidity Coverage Ratio (LCR) during the quarter stood at 135.7% from 125% last quarter and 137.8% last year.
Yes Bank’s annualised slippage ratio during the fourth quarter was at a 10-quarter low, while net interest margins were the highest in eight quarters. Slippages and asset quality will be some of the key factors to watch this time around, particularly after the rise in slippages reported by Axis Bank.
Earlier, Yes Bank was in the news after it announced the sale of 20% stake by a consortium of lenders led by State Bank of India to Japan’s SMBC for a sum of over ₹13,000 crore. The consortium of banks is the one that rescued Yes Bank from a liquidity crisis back in 2020.
Shares of Yes Bank ended 0.2% higher on Friday at ₹20.2. The stock remains below the stake sale issue price of ₹21.5 per share.
