Profit before tax surged 125.34% to Rs 678.17 crore in Q2 FY25 as against Rs 300.95 crore recorded in the corresponding quarter last year. Net interest income (NII) stood at Rs 2,200 crore in Q2 FY25, up 14.3% YoY. Net interest margin (NIM) improved to 2.4% in Q2 FY25 as compared to 2.3% registered in Q2 FY24. During the quarter, operating profit was at Rs 975 crore, up 21.7% from Rs 801 crore posted in the same period a year ago. Provisions (other than tax) and contingencies dropped 40.62% YoY to Rs 297.1 crore in quarter ended September 2024. On asset quality front, the bank's gross non-performing assets (NPAs) slipped 9.94% to Rs 3,889.43 crore as on 30 September 2024 as against Rs 4,319.03 crore as on 30 September 2023. The gross NPA ratio reduced to 1.6% as on 30 September 2024 as compared to 2% as on 30 September 2023. The net NPA ratio shed to 0.5% as on 30 September 2024 as against 0.9% as on 30 September 2023. Gross slippages for Q2 FY25 stood at Rs 1,314 crore as against Rs 1,263 crore posted in corresponding quarter previous year. On half year basis, the company's net profit soared 85.91% to Rs 1,055.47 crore on 16.44% rise in total income to Rs 18,055.23 crore in H1 FY25 over H1 FY24. Prashant Kumar, MD & CEO, YES BANK said, 'Q2FY25 performance has been encouraging, esp. if seen in the context of Industry headwinds. Deposit momentum has been maintained with 18% YoY growth, along with healthy CASA ratio (now at 32%) expansion on both YoY & QoQ basis, on the back of CA growth at 26% YoY & 11% QoQ and SA growth at 30% YoY & 7% QoQ. At same time, the slippage ratio (at 2.2% of Advances) remains range-bound within the guidance range. Other Asset Quality parameters such as GNPA ratio, PCR and O/S Restructured loans have all improved on QoQ basis. The Bank continues to deliver as per the stated strategic objectives, with superior growth in SME and Mid Corporate segments, growth resumption in the Corporate segment and calibration of growth in Retail segment, aimed at profitability improvement. Bank also continues to maintain NIL PSL shortfalls. These along with other drivers have enabled the Bank to deliver healthy Operating Profit and Net profit growth. The RoA of the Bank has been consistently at 0.5% over last 3 quarters. The Bank has also strengthened its management team with key senior hires in Retail Assets and Financial Markets Team. We have received external validation in the form of Credit Rating upgrades over the last 2 quarters. While we navigate the challenges in the operating environment, we remain confident of our progress towards building a franchise which delivers superior returns to our stakeholders.' Yes Bank is a full service commercial bank providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients. Powered by Capital Market - Live

Yes Bank Ltd gained 7.42% today to trade at Rs 20.84. The BSE BANKEX index is up 0.89% to quote at 58486.26. The index is down 4.36 % over last one month. Among the other constituents of the index, ICICI Bank Ltd increased 2.19% and Bank of Baroda added 1.82% on the day. The BSE BANKEX index went up 20.98 % over last one year compared to the 25.02% surge in benchmark SENSEX. Yes Bank Ltd has lost 8.4% over last one month compared to 4.36% fall in BSE BANKEX index and 6.82% drop in the SENSEX. On the BSE, 32.17 lakh shares were traded in the counter so far compared with average daily volumes of 110.42 lakh shares in the past one month. The stock hit a record high of Rs 32.81 on 09 Feb 2024. The stock hit a 52-week low of Rs 15.7 on 26 Oct 2023.Powered by Capital Market - Live

Total income stood at Rs 9,137.09 in the second quarter of FY25, up 15.35% as against Rs 7,920.68 crore posted in same quarter last year. Profit before tax surged 125.34% to Rs 678.17 crore in Q2 FY25 as against Rs 300.95 crore recorded in the corresponding quarter last year. Net interest income (NII) stood at Rs 2,200 crore in Q2 FY25, up 14.3% YoY. Net interest margin (NIM) improved to 2.4% in Q2 FY25 as compared to 2.3% registered in Q2 FY24. During the quarter, operating profit was at Rs 975 crore, up 21.7% from Rs 801 crore posted in the same period a year ago. Provisions (other than tax) and contingencies dropped 40.62% YoY to Rs 297.1 crore in quarter ended September 2024. On asset quality front, the bank's gross non-performing assets (NPAs) slipped 9.94% to Rs 3,889.43 crore as on 30 September 2024 as against Rs 4,319.03 crore as on 30 September 2023. The gross NPA ratio reduced to 1.6% as on 30 September 2024 as compared to 2% as on 30 September 2023. The net NPA ratio shed to 0.5% as on 30 September 2024 as against 0.9% as on 30 September 2023. Gross slippages for Q2 FY25 stood at Rs 1,314 crore as against Rs 1,263 crore posted in corresponding quarter previous year. On half year basis, the company's net profit soared 85.91% to Rs 1,055.47 crore on 16.44% rise in total income to Rs 18,055.23 crore in H1 FY25 over H1 FY24. Prashant Kumar, MD & CEO, YES BANK said, 'Q2FY25 performance has been encouraging, esp. if seen in the context of Industry headwinds. Deposit momentum has been maintained with 18% YoY growth, along with healthy CASA ratio (now at 32%) expansion on both YoY & QoQ basis, on the back of CA growth at 26% YoY & 11% QoQ and SA growth at 30% YoY & 7% QoQ. At same time, the slippage ratio (at 2.2% of Advances) remains range-bound within the guidance range. Other Asset Quality parameters such as GNPA ratio, PCR and O/S Restructured loans have all improved on QoQ basis. The Bank continues to deliver as per the stated strategic objectives, with superior growth in SME and Mid Corporate segments, growth resumption in the Corporate segment and calibration of growth in Retail segment, aimed at profitability improvement. Bank also continues to maintain NIL PSL shortfalls. These along with other drivers have enabled the Bank to deliver healthy Operating Profit and Net profit growth. The RoA of the Bank has been consistently at 0.5% over last 3 quarters. The Bank has also strengthened its management team with key senior hires in Retail Assets and Financial Markets Team. We have received external validation in the form of Credit Rating upgrades over the last 2 quarters. While we navigate the challenges in the operating environment, we remain confident of our progress towards building a franchise which delivers superior returns to our stakeholders.' Yes Bank is a full service commercial bank providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients. Shares of Yes Bank slipped 3.05% to close at Rs 19.40 on Friday, 25 October 2024.Powered by Capital Market - Live

Net profit of Yes Bank rose 147.81% to Rs 566.59 crore in the quarter ended September 2024 as against Rs 228.64 crore during the previous quarter ended September 2023. Total Operating Income rose 15.24% to Rs 7737.20 crore in the quarter ended September 2024 as against Rs 6713.96 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income7737.206713.96 15 OPM %61.4357.07 - PBDT697.41304.38 129 PBT697.41304.38 129 NP566.59228.64 148 Powered by Capital Market - Live

Yes Bank has appointed Nirav Dalal as Country Head Financial Markets of the Bank effective from today i.e., 16 October 2024. Powered by Capital Market - Live

Yes Bank will hold a meeting of the Board of Directors of the Company on 26 October 2024.Powered by Capital Market - Live

The headline equity benchmarks extended losses in mid-morning trade amid mixed cues from global markets and fears of full fledged war between Iran and Israel. The fall was also triggered by SEBI's new F&O rules. The Nifty traded below the 25,400 level. Auto shares declined after advancing for in the previous trading session. Trading was volatile due to weekly F&O series expiry today. At 11:30 IST, the barometer index, the S&P BSE Sensex tumbled 1,230.68 points or 1.46% to 83,045.56. The Nifty 50 index dropped 372.85 points or 1.45% to 25,424.05 In the broader market, the S&P BSE Mid-Cap index slipped 1.33% and the S&P BSE Small-Cap index declined 1.32%. The market breadth was weak. On the BSE, 1,165 shares rose and 2,640 shares fell. A total of 125 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 9.57% to 13.14. SEBI's new F&O rules: The Securities and Exchange Board of India's (SEBI) introduced a six-step plan to curtail retail participation in speculative index derivatives. This could result in a significant decline in trading volumes. New regulations require traders to maintain higher margins, potentially hindering their ability to take on larger leveraged positions. Moreover, the reduction of weekly options expiries to one per exchange could lead to decreased revenues for exchanges and brokers. This change means that each exchange will only offer weekly contracts for one benchmark index instead of the current two to four. These measures are designed to reduce excessive speculation in the futures and options (F&O) segment, where retail investors often find themselves on the losing end of trades. Buzzing Index : The Nifty Auto index fell 1.86% to 26,579.05. The index rose 0.21% in the past trading session. Apollo Tyres (down 4.15%), Eicher Motors (down 3.64%), Balkrishna Industries (down 3.2%), Tata Motors (down 2.83%), TVS Motor Company (down 2.72%), Bajaj Auto (down 2.26%), Maruti Suzuki India (down 2.12%), Samvardhana Motherson International (down 1.77%), Exide Industries (down 1.46%) and MRF (down 1.37%) slipped. Stocks in Spotlight : Yes Bank fell 1.20%. The bank has reported 13.1% growth in loans & advances to Rs 236,512 crore as on 30 September 2024 as compared with Rs 209,106 crore as on 30 September 2023. Aurobindo Pharma rose 1.14% after the pharma major has received USFDA approval for cephalexin tablets. Cephalexin tablets are used to treat infections caused by microorganisms. Dabur India slipped 6% after the company expects to post a mid-single-digit decline in consolidated revenue for the September quarter (Q2 FY25), primarily attributed to heavy rains and floods affecting various regions of the country. Global Markets: Asian stock market traded higher on Thursday, mirroring a cautious sentiment across global markets amid escalating tensions in the Middle East. Japan's Nikkei 225 surged over 2%, while markets in China and South Korea remained closed for a holiday. Geopolitical tensions in the Middle East have spiked following Iran's missile attack on Israel on October 1. Israel's subsequent ground incursions into Lebanon targeting Hezbollah, an Iran-backed militia group, have exacerbated concerns about potential oil supply disruptions and increased uncertainty in global financial markets. In the United States, stock markets closed with modest gains on Wednesday. The tech-heavy Nasdaq Composite rose slightly by 0.08%, while the S&P 500 and Dow Jones Industrial Average inched up by 0.01% and 0.09%, respectively. Investor caution persisted, however, due to Middle East tensions and the anticipation of additional US labor data. Key US tech stocks witnessed mixed performance. Nvidia gained 1.6%, while Tesla experienced a 3.5% decline. Humana Inc. and Nike faced significant losses, with drops of 11.8% and nearly 7%, respectively. The ADP National Employment Report indicated that US private payrolls grew more than expected in September, adding 143,000 jobs. This surpassed economists' forecasts and highlighted the strength of the US labor market despite broader economic uncertainties. The US job market's resilience was further underscored by the unexpected increase in job openings in August. The Job Openings and Labor Turnover Survey (JOLTS) revealed a rebound of 329,000 job openings, exceeding analysts' expectations. While hiring declined slightly, layoffs decreased. Powered by Capital Market - Live

The bank's deposits added up to Rs 277,173 crore as on 30 September 2024, up by 18.3% from Rs 234,360 crore as on 30 September 2023. On a sequential basis, the private sector bank's advances and deposits are higher by 3% and 4.6%, respectively. CASA ratio was at 32% as on 30 September 2024 as against 29.4% as on 30 September 2023 and 30.8% as on 30 June 2024. Credit to deposit ratio was at 85.3% as on 30 September 2024 as against 89.2% as on 30 September 2023 and 86.6% as on 30 June 2024. Liquidity coverage ratio was at 131.9% as on 30 September 2024 as against 120.9% as on 30 September 2023 and 37.8% as on 30 June 2024. Yes Bank is a private sector bank with total assets of Rs 4,07,697 crore, total gross advances of Rs 2,26,176 crore, and a network of 1,232 branches as on 30 June 2024. The bank reported a profit of Rs 502 crore and total income (net of interest expense) of Rs 3,443 crore in the quarter ended June 30, 2024, against Rs 343 crore and Rs 3,141 crore, respectively, in the corresponding quarter of the previous fiscal. The scrip lost 0.85% to currently trade at Rs 22.23 on the BSE. Powered by Capital Market - Live

The agency has also affirmed the company's short-term rating at 'CARE A1+'. CARE Ratings stated that the revision in the ratings assigned to the debt instruments of Yes Bank (YBL) factor in continued growth in advances with improvement in proportion of retail lending and small & medium enterprises (SME) leading to more granular book, reduction in higher ticket corporate lending. Growth in advances was supported by the relatively higher growth in deposits improving its CD ratio, while maintaining the stable current account and savings account (CASA) deposits. Rating also factors in adequate capitalisation level supported by receipt of Rs 2,845 crore towards conversion of share warrants during Q1 FY25 (refers to the period from April 01 to June 30) and and improvement in the asset quality parameters on account of lower incremental slippage and sale of non-performing assets (NPAs) to Asset Reconstruction Company (ARC). The ratings continue to factor in the improvement in the credit risk profile of the bank post the implementation of the reconstruction scheme. The ratings are constrained due to continued dependence on wholesale/bulk deposits and although the bank has shifted focus on retail and SME loans, the track record remains limited which needs to be monitored over a period of time. Additionally bank continues to have PSL shortfall leading to higher RIDF deposits which have affected the profitability of the bank. Further, the proportion of stressed assets remains relatively higher. The bank has seen recoveries and upgrades from bad accounts which have offset the slippages during FY24, keeping NPA levels stable in absolute terms. While the bank has been making provisions to increase its provision coverage, which has kept the credit costs elevated and profitability moderate, the ability of the bank to maintain the asset quality once the performance of the relatively new retail products is established, would be a key rating monitorable. Yes Bank is a new generation private sector bank. As on March 31, 2024, the bank had 1,234 branches, 219 BC managed banking outlets and 1,290 ATMs, CRMs and BNAs. The scrip shed 0.13% to currently trade at Rs 23.48 on the BSE. Powered by Capital Market - Live

Yes Bank has appointed Sumit Bali as Country Head Retail Assets and Debt Management of the Bank effective today.Powered by Capital Market - Live