Yes Bank Deposits Grew by 20.8% YoY
Yes Bank's deposits grew by 20.8% year-over-year to INR 264,910 crores as of June 30, 2024. The official letter has been provided below, take a look.
by Damodharan N
Updated Jul 03, 2024
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Yes Bank has reported a 20.8% year-over-year increase in its deposits, rising to INR 264,910 crores as of June 30, 2024, compared to INR 219,369 crores the previous year. This growth underscores the bank's strong performance However, there was a slight quarter-over-quarter decline of 0.5% from INR 266,372 crores as of March 31, 2024.
Additionally, Loans and advances increased by 14.8% year-over-year to INR 229,920 crores. the bank’s CASA (Current Account Savings Account) deposits grew by 26.1% year-over-year, the CASA ratio was slightly down to 30.7% from 30.9% in the previous quarter.
The Credit to Deposit Ratio improved to 86.8% from 85.5% in the prior quarter, and the Liquidity Coverage Ratio increased to 137.8% from 116.1% sequentially.
Read the full statements Here
Yes Bank
Yes Bank, headquartered in Mumbai, is a full-service commercial bank offering a range of products and digital solutions for retail, SME, and corporate clients. The bank emphasizes digital transformation to enhance banking across various segments, including retail, SME, wholesale, and rural areas.
Key highlights for Q4 FY2023-24 include a significant 123.2% year-over-year increase in net profit to Rs 452 crore, a 22.5% rise in total deposits to Rs 2,66,372 crore, and improved asset quality with reduced gross and net non-performing asset ratios. The bank operates nationwide and internationally, including an office in Abu Dhabi.
Yes Bank Deposits grew by 20.8% YoY - FAQs
1. How much did Yes Bank's deposits grow year-over-year?
Yes Bank's deposits grow year-over-year by 20.8%.
2. What is the total value of Yes Bank's deposits as of June 30, 2024?
The total value of Yes Bank's deposits as of June 30, 2024 is INR 264,910 crores.
3. Was there a change in deposits quarter-over-quarter?
Yes, a slight decline of 0.5% for quarter-over-quarter
4. How much did Yes Bank's loans and advances grow year-over-year?
Yes Bank's loans and advances grow year-over-year by 14.8%.
5. What is the total value of Yes Bank's loans and advances as of June 30, 2024?
Yes Bank's loans and advances as of June 30, 2024 is INR 229,920 crores.
6. How much did Yes Bank's CASA deposits grow year-over-year?
Yes Bank's CASA deposits grow year-over-year by 26.1%.
7. What is the current CASA ratio for Yes Bank?
The current CASA ratio for Yes Bank is 30.7%.
8. How did the Credit to Deposit Ratio change from the prior quarter?
The Credit to Deposit Ratio change from the prior quarter has improved to 86.8% from 85.5%.
9. What is Yes Bank's Liquidity Coverage Ratio as of June 30, 2024?
Yes Bank's Liquidity Coverage Ratio as of June 30, 2024 is 137.8%.
10. How did the Liquidity Coverage Ratio change sequentially?
The Liquidity Coverage Ratio increased from 116.1%.
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