INSUBCONTINENT EXCLUSIVE:
Yes Bank Q1 Revenues: The overall earnings lowered to Rs 5,581.84 crore in June quarterYes Bank revealed its April-June quarter results for
the fiscal year 2021-22 on Friday, July 23, reporting a dive of 355 per cent - practically four-folds in its net earnings to Rs 207 crore on
a standalone basis, compared to Rs 45 crore in the year-ago period
The net revenue of Rs 207 crore registered in the very first quarter of the present fiscal is the greatest quarterly profit for the bank
since December 2018, according to a regulative filing by the bank to the stock exchanges
The overall income of the private-sector lender decreased to Rs 5,581.84 crore in the June quarter, compared to Rs 6,106.74 crore in the
corresponding quarter of the previous fiscal.On the possession quality front, Yes Bank pared its bad loans percentage with the gross
non-performing assets (GNPAs) decreasing to 15.60 percent of the gross advances by the end of June 2021, from 17.30 percent in the year-ago
The bank's net NPAs - bad loans, moved up to 5.78 per cent from 4.96 percent in the year-ago period.Yes Bank's net interest earnings
(NII) - the distinction between interest made and interest used up, stood at Rs 1,402 crore during the April-June quarter, compared to Rs
1,908 crore in the year-ago period.The bank's business recoveries during the quarter stood at Rs 1,643 crore - outmatching the slippages
Its company generation continued with retail disbursements of Rs 5,006 crore, SME disbursements of Rs 3,242 crore, and wholesale banking
disbursements of Rs 3,625 crore, according to information of the bank's exchange filing.On Friday, July 23, shares of Yes Bank settled
0.38 percent greater at Rs 13.07 each on the BSE.
