Yes Bank Q1 Business Update: Gross Advances Up Nearly 15% To Rs 2.29 Lakh Crore
The bank reported an advance of 20.8% in deposits at Rs 2.64 lakh crore in the first quarter.
Yes Bank Ltd.'s gross advances rose 14.8% on a yearly basis to Rs 2.29 lakh crore in the April–June quarter, according to provisional quarterly business updates filed with stock exchanges on Tuesday.
The bank reported an advance of 20.8% in deposits at Rs 2.64 lakh crore in the first quarter, as compared to Rs 2.19 lakh crore in the same period last year.
CASA ratio—the proportion of deposits that come from low-cost current and savings accounts—dipped marginally from 30.9% to 30.7% sequentially. A higher CASA ratio indicates a lower cost of funds, since lenders do not usually give any interest on current account deposits and the interest on saving accounts is low.
Shares of Yes Bank closed 0.83% lower at Rs 23.86 apiece, ahead of the announcement, as compared to a flat BSE Sensex.
