Private sector lender, Yes Bank reports net profit of Net loss of Rs 367 crore for the quarter ended March 31, 2022 There was an increase of Rs 3,788 crore in the corresponding quarter of the previous financial year. PAT grew by 37.9% on a quarter-on-quarter basis.
Yes Bank posted net profit of 266 crores till December 31, 2021.
Net Interest Income (NII) Huge growth of 84.4% from Rs 1,819 crore in Q4FY22 987 crores in Q4 of FY21. was up 3.1 percent from NII 1,764 crore in the previous quarter.
Net Interest Margin (NII) stood at 2.5% in Q4FY22 versus 2.4% in Q3FY22 and 1.6% in Q4FY21.
Provisions dropped sharply 271 cr in Q4FY22 – down 94.7% 5,113 crore in Q4FY21 and down by 27.7% 375 cr in Q3FY22.
Prashant Kumar, MD & CEO, YES BANK said, “This transformational journey at YES BANK has resulted in continuous improvement in balance sheet growth over the last 2 years, accelerated granulation, improving asset quality trends, enhanced liquidity and strong The capital position has improved. , While the core operating profitability of the franchise continues to improve, the drag from old stressed assets has come down significantly, resulting in net profitability.”
Meanwhile, Gross NPAs stood at 4.53% in Q4FY22 versus 5.29% in Q3FY22 and 5.88% in Q4FY21. Slippery trend continues at low Against 802 cr in Q4FY22 978 crore in Q4FY21. Slippage sharply reduced in FY22 5,795 crore from 12,035 crore in FY21.
As on March 31, 2022, the net advance was 181,052 crores growing at 8% yoy and 3% qoq. The bank recorded fresh sanctions / disbursements of approx. 70,000 crore in FY22. Also, the retail advance mix increased to 36% versus 33.7% in Q3FY22.
In case of deposits, as on March 31, 2022, it was 197,192 crore 21% yoy and 7% qoq.. CASA ratio was 31.1% versus 26.1% in FY2011 and 30.4% in the previous quarter. Notably, CASA is growing at 2x the rate of overall deposit growth.
Kumar said, “The Bank continues to invest in its digital infrastructure to maintain its dominant position in the country’s digital payments and fintech ecosystem. The Bank has seen significant momentum in the new business generation by continuing to invest in its platform. and to make people a distinct franchise which provides sustainable and profitable growth in a responsible manner.”