Yes Bank Ltd - Q1FY13 Result FirstCut - Microsec Research

Yes Bank Ltd has announced its Q1FY13 result on 25th July 2012. The bank's total income increased by 6.25% QoQ and 46.36% YoY to INR760.29 crores, backed by the robust growth of its Net Interest Income (NII) and Other Income by 33.32% and 74.30% YoY to INR472.19 and INR288.10 crores respectively. Whereas, Profit After Tax (PAT) increased by 6.35% QoQ and 34.27% YoY to INR290.13 crores.

On the assets quality front, NNPA and GNPA of the bank stood at 0.06% and 0.28%, marginally increased by 1 and 6bps QoQ and 5 and 11bps YoY respectively. However, bank has improved its CASA ratio by 130bps QoQ and 540bps YoY to 16.30. On the margin front, bank has maintained its Net Interest Margin (NIM), stood at 2.80%. Moreover, bank continues to be well capitalized to support its growth trajectory, Capital Adequacy Ratio (CAR) stood at 16.53%.

Source : Equity Bulls

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