Yes Bank - Q1FY14 Result - Microsec

Yes Bank Ltd announced its Q1FY14 result.

The Bank's total income increased by 8.22% QoQ and 44.84% YoY to INR1101.17 crores, driven by robust 39.59% and 53.44% YoY growth in its Net Interest Income (NII) and Other Income respectively. Whereas, Profit After Tax (PAT) increased by 10.68% QoQ and 38.15% YoY to INR400.84 crores.

During the quarter, the Bank's loan book and total deposits expanded by 24.30% and 29.95% YoY to INR47897.60 and INR65244.80 crores respectively. On the asset quality front, Net NPA and Gross NPA both marginally increased by 2bps each on QoQ basis to 0.03% and 0.22% respectively. The Bank has improved its low cost deposit base (CASA) by 130bps QoQ and 390bps YoY to 20.20%. On the margin front, Net Interest Margin (NIM) remained flat at 3% QoQ and improved by 20bps YoY. Moreover, the Bank is well capitalized to support its growth trajectory with 17.60% of its Capital Adequacy Ratio (CAR) which is 8.6% higher than the regular's stipulated norm. Provision Coverage Ratio healthy stood at 88.50%.

Source : Equity Bulls

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