Yes Bank

The Bank posted a good performance for Q4FY15 with a 28% (YoY) rise in net profit at Rs.551 crore and this was on the back of a 36% rise in net interest income (NII) at Rs.977 crore and 32% jump in other income at Rs.590 crore. NIM was status quo (QoQ) at 3.2%. Operating costs jumped up 30% and tax outgo for the quarter saw a 46% rise.

The market probably paid more attention to the asset quality, which saw some bit of stress. Though its Gross NPA declined marginally from 0.42% to 0.41% (QoQ), Net NPA was up from 0.10% to 0.12%. Its provisioning for bad loans showed a sharp rise of 75% (YoY) and 81% (QoQ) at Rs.126 crore. There was no sale to Asset Reconstruction Company during the quarter. Total Restructured Advances stood at Rs.382 crore at end of FY15, which was 0.5% of Gross Advances.

For FY15, Net profit increased by 24% to Rs.2005 crore and NIM expanded from 2.9% in FY14 to 3.2% in FY15. Total Advances grew by 35.8% Rs.75,550 crore, wherein Corporate Banking accounted for 65% of the advances portfolio.Retail Banking (including MSME)/Business Banking accounted for 35%. Total Deposits grew by 23% at Rs.91,176 crore. The Bank"Ÿs CD ratio stood at 82.9% as at March 31, 2015. Current and Savings Account (CASA) deposits grew by 29%, taking the CASA ratio to 23.1% v/s 22% in FY14. Liquidity Coverage ratio was at 80.3% which is well above the regulatory requirement of 60%.