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Yes Bank Ltd

Company details

16.75
17.35
12.11
24.75
6M Return 2.64%
1Y Return 22.67%
Mkt Cap.(Cr) 49,167.16
Volume 12,247,941
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 12,247,941

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YES Bank Ltd.

Q3FY23 Quarterly Result Announced for YES Bank Ltd.

YES Bank announced Q3FY23 results:

  • Q3FY23:
    • Operating Profits at Rs 914 crore in Q3FY23 grew 25% YoY: highest in last 8 quarters
      • Cost to Income ratio improved to 70.7% from 72.8% in Q2FY23
      • Net Profits at Rs 52 crore- largely impacted due to ageing related provisions
    • Advances grew 10% YoY, Deposits growth at 16% YoY; Balance Sheet up 13% YoY
      • Retail & SME: Mid Corp.: Corporate Mix improved to 58:13:29 from 54:12:34 in Q2FY23
      • CASA ratio at 29.9% vs. 31.0% in Q2FY23, avg. CASA improved by 20.3% YoY
    • CET I Ratio at 13.0% in Q3FY23 vs. 11.7% in Q2FY23 and 11.6% in Q3FY22
    • Significant Improvement in NPA ratios; GNPA/ NNPA at lowest levels since Q3FY19
      • GNPA ratio at 2.0% vs. 12.9% in Q2FY23 and 14.7% in Q3FY22
      • NNPA ratio at 1.0% vs. 3.6% in Q2FY23 and 5.3% in Q3FY22
      • Resolution Momentum continues with Total Recoveries & Upgrades for Q3FY23 at ~Rs 1,270 crore- well on track to achieve the FY23 guidance of Rs 5,000 crore
    • Capital raise of ~Rs 8,900 crore concluded in Q3FY23. Pursuant to this, the Bank received Rs 5,093 crore towards Equity Investments and Rs 948 crore towards Warrants application
      • This is the second largest private capital raise transaction to take place in the Indian Banking Sector over the last two decades
      • Appointed Mr. Sunil Kaul (Carlyle) and Ms. Shweta Jalan (Advent) as Additional Directors onto the board
    • Completed assignment of identified pool of stressed assets to the J.C. Flowers ARC
      • This is single largest transaction of sale of non-performing assets in Indian Banking System
    • Multiple ESG certifications/ recognition during the quarter
      • S&P Global: Highest ESG score amongst Indian banks
      • CDG: Rated ‘A-’ for 2022 Climate Change disclosures – highest rated Indian Bank
      • Moody’s: Ranked 5th amongst 90 Retail and Specialized Banks in Emerging Markets
      • Selected amongst the first four pilot banks for prestigious project of national importance, Digital Rupee (eRs) – the Central Bank Digital Currency (CBDC) launched by RBI.

Commenting on the results and financial performance, Mr. Prashant Kumar, MD & CEO, YES BANK said, “During the quarter, the Bank successfully closed two deals which are strategic and transformational in this new journey of the Bank. The successful Capital Raise has aided in significant expansion in our Capital Base, and post full consummation, our CET-I Ratio will reach an extremely comfortable level. Moreover, with successful transfer of stressed Assets to the JC Flowers ARC, the GNPA and NNPA Ratios have now declined to 2% and 1% respectively which is the lowest since Q3FY19. At the same time, the operational momentum of the Bank continues with further step-up in Disbursements across segments and highest Operating Profit in the last eight quarters."

 

Result PDF

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 33,698.97 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,728.09 -29,609.20
LAST 3M 42,048.80 -31,382.80
LAST 6M 65,127.04 16,114.05
LAST 12M 194,271.06 -118,498.61

Yes Bank Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Feb 08, 2023 l NSE Announcement

Yes Bank Limited - Shareholders meeting

Feb 07, 2023 l NSE Announcement

Yes Bank Limited - Appointment

Feb 03, 2023 l NSE Announcement

Date Action Type Ratio
No data found

INFORMATION

Stock PE (TTM)

55.16

Promoter Holding

0%

Book Value

13.6248

ROE

2.74%

Description

  • Yes Bank Ltd. is a Financial sector company, having a market capitalization of worth Rs.36,580.16 Cr as of 16 April 2021. The bank was incorporated in 2004. The bank has reported its consolidated quarterly revenue of Rs.5,321.11 Cr as of December 2020. This bank is listed on the Bombay Stock Exchange (BSE) with the code 532648 and National Stock Exchange (NSE) with the symbol (YESBANK). Having its presence across the country, the bank has its headquarter in Mumbai. It claims to be customer-centric and service-driven and provide a complete range of banking and financial products and services to MSME, corporate, and retail customers. The State Bank of India now owns it. YES BANK Ltd. is a high customer-centric commercial bank, which was incorporated in 2004. Since then, the bank has become a Full-Service Commercial Bank and provides to its corporate, MSME & retail customers a complete range of products, services and technology-driven digital offerings. YES BANK's subsidiary, YES Securities, takes care of its Investment banking, Merchant banking & Brokerage businesses. On the other hand, YES Asset Management (India) Limited manages its Mutual Fund business. The bank is headquartered in Mumbai and conducts its operations across the country, including the 28 states and 9 Union Territories. It also has its Representative Office in Abu Dhabi. And the prestigious media houses have recognized the bank, and Global Advisory Firms is one of India's leading and fastest-growing banks. It has also received several national and international honours for Corporate Investment Banking, Treasury, and Transaction Banking, to mention a few. The bank is now owned by State Bank of India, which has a 30% share in the company as of July 2020. As of 7 April 2021, the bank executed its first Secured Overnight Financing Rate (SOFR) linked transaction, which was a trade borrowing and was availed from Wells Fargo Bank, which is said to provide further momentum to its export finance business. The transaction was the first step towards a smooth transition to the new Alternative Reference Rates (ARR). Secured Overnight Financing Rate is an identified replacement for USD LIBOR (London Interbank Offered Rate), which is likely to be eliminated at the end of 2021.

Registered Address

YES BANK Tower IFC-2 15th Flr, Senapati Bapat Marg Elphinston, Mumbai, Maharashtra, 400013

Tel : 91-22-33669000
Email : yestouch:yesbank.in
Website : http://www.yesbank.in

Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532648
NSE Code : YESBANK
Book Closure Date (Month) :
BSE Group : A
ISIN : INE528G01035

ICICIdirect Yes Bank Ltd FAQ

You can buy Yes Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Yes Bank Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 08, 2023 04:01 PM the closing price of Yes Bank Ltd was ₹ 17.10.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 08, 2023 04:01 PM, the market cap of Yes Bank Ltd stood at ₹ 49,167.16.
The latest PE ratio of Yes Bank Ltd as of Feb 08, 2023 04:01 PM is 55.16
The latest PB ratio of Yes Bank Ltd as of Feb 08, 2023 04:01 PM is 0.80
The 52-week high of Yes Bank Ltd is ₹ 24.75 while the 52-week low is ₹ 12.11

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