Yes Bank Q3 Update: Deposits, Net Advances rise, liquidity improves

Yes Bank updated the exchange with its Q3 numbers on Tuesday. Post the announcement, the share gained over 4%. In the last week of December, Yes Bank announced that it has received board approval to raise Rs 10,000 crore from the market. It will seek approval from its shareholders which in effect would result in seeking an extension on the current shareholder approval which is set to expire on February 28, 2022.

Yes Bank Q3 updates

Net advances and retail disbursements - The bank's net advances increased by 3.9% YoY to Rs 1,76,422 crore during Q3FY22. Sequentially, advances were up by 2.1%. Gross retail disbursements during the quarter stood at Rs 9,233 crore higher from Rs 7,470 crore and Rs 8,478 crore in Q3FY21 and Q2FY22, respectively.

Deposits - The deposits were up by a whopping 26% YoY in Q3FY22 with a total amounting to Rs 1,84,289 crore. Sequentially, the deposits were up by 4.3%.

CASA - Current Account Savings Account (CASA) was up 47.5% to Rs 55,997 crore as against Rs 37,973 crore YoY and up 7.6% from Rs 52,029 crore QoQ.

Credit to Deposit ratio - The credit-to-deposit ratio in the December quarter was at 95.7% as compared to 116% in December 2020 quarter and 97.8% in the September quarter. The Liquidity Coverage Ratio (LCR) for the quarter stood at 127% versus 113% in the previous quarter and 120% in the year-ago quarter.