YES Bank announces Financial Results for the Quarter and Half Year ended September 30, 2017.
Net Profit stood at Rs. 1,002.7 Crores in Q2FY18; y-o-y growth of 25.1%.
Net Interest Income was at Rs. 1,885.1 Crores for Q2FY18; y-o-y growth of 33.5% driven by steady growth in Advances & CASA, and expanding Margins.
NIMs expanded to 3.7% for Q2FY18 from 3.4% in Q2FY17.
Rana Kapoor, Managing Director & CEO, YES BANK said, “YES Bank has delivered another quarter of satisfactory performance with sustained earnings momentum, increasing granularity and improving efficiency, driven by productivity gains from investment inHuman Capital, Infrastructure and new age technologies.”
Non-Interest Income of Rs.1,248.4 Crores for Q2FY18; y-o-y growth of 35.4%.
Gross Non Performing Advances (GNPA) at 1.82% (Rs. 2,720.3 Crores) and Net Non Performing Advances (NNPA) at 1.04% (Rs. 1,543.3 Crores).
Total Assets grew by 26.7% y-o-y to Rs. 2,37,394.1 Crores, while
Total Deposits grew by 23.4% y-o-y to Rs. 1,57,989.8 Crores.
During Q2FY18, Bank continued with the LCR maintenance at well above 80% regulatory requirement with daily average Liquidity Coverage ratio of 90.6%, reflecting a healthy liquidity position.
Digital Banking: Maximizing Payments Market share: Bank’s strong focus on merchant use cases has resulted in accelerated growth momentum in Digital payments and increasing market share in India’s Digital ecosystem.