YES BANK LTD. - 532648 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Earnings Call for the un-audited Financial Results for the Quarter (Q3) and nine months ended December 31, 202302-02-2024
02-02-2024
YES BANK LTD. - 532648 - Announcement under Regulation 30 (LODR)-Change in Management
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-Change in Senior Management Personnel29-01-2024
Q3FY24 Quarterly Result Announced for YES Bank Ltd.
YES Bank announced Q3FY24 results: Net Profit for Q3FY24 reached Rs 231 crore, reflecting a 349.2% YoY growth and a 2.8% QoQ increase. NIMs expanded QoQ, attributed to efficient Balance Sheet Management, despite facing challenges in Deposits and Funding Costs. Momentum in Core Non-Interest Income sustained across diverse and granular fee streams, contributing to overall financial strength. Continued cost efficiencies were observed, with the second successive quarter experiencing less than 1% QoQ rise in Operating Expenses. Provision Costs remained flattish QoQ at 0.6%1 of Assets, despite 0.5% aging-related provisions on Security Receipts during the quarter. The Balance Sheet exhibited robust growth momentum with continued enhancement in granularity. Robust Deposit accretion and QoQ improvement in CASA (Current Account and Savings Account) Ratio were achieved, overcoming industry-wide challenges. Acceleration in SME Advances growth and sustained momentum in the Corporate segment were notable highlights. Stability and sustained improvement in Asset Quality parameters were observed, with a 30 bps QoQ reduction in (NNPA + net carrying value of SR)% to 1.7%. Resolution momentum remained strong, with Total Recoveries & Upgrades for Q3FY24 reaching Rs 1,316 crore. YTD FY24 cumulative recoveries and upgrades amounted to Rs 3,869 crore. The stock was included in both BSE Next 50 and BSE 100 Indices, reflecting its significant market presence. Recognized as the top Indian Bank with the highest S&P; Global ESG Score in 2023, showcasing commitment to Environmental, Social, and Governance principles. Commenting on the results and financial performance, Prashant Kumar, Managing Director & CEO, YES Bank said, “Over the last few quarters, we have remained focussed on executing our profitability improvement roadmap by leveraging our core and key business levers of 1) retail asset mix optimization, 2) our SME and Mid-Market strong value proposition, 3) fully exploiting our Branches as the key fulcrum of our Business, and 4) leveraging our Digital and Transaction Banking capabilities and partnerships and, lastly 5) fully sweating our Branches as the fulcrum of the business to drive higher cross-sell and lower our costs going forward. This is driven alongside a focused Priority Sector Lending (PSL) strategy. The early progress of the above has started to reflect through several underlying business vectors which we have reported this quarter. Aside from that, Q3FY24 overall was a good quarter for us with deposit growth outpacing advance growth, sequential improvement in CASA ratio, and Net Interest Margins. We continued to maintain a healthy Liquidity Coverage Ratio (LCR) ratio. The value of Net NPA and net carrying value of Security Receipts (SR) reduced by 30 bps point and our profits saw a ~3.5x fold increase compared to Q3FY23.” Result PDF29-01-2024
How Yes Bank bounced back from near collapse four years ago
First and foremost, the lender raised capital worth Rs 24,000 crore, which helped it make provisions for NPAs and grow the balance sheet in retail and MSME areas29-01-2024
YES BANK LTD. - 532648 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recording of Earnings Call for the un-audited Financial Results of the Quarter (Q3) and nine months ended December 31, 202329-01-2024
YES Bank Results Earnings Call for Q3FY24
Conference Call with YES Bank Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.29-01-2024
YES BANK LTD. - 532648 - Announcement under Regulation 30 (LODR)-Restructuring
Transfer of Investment Banking Business and Merchant Banking Business of YES Securities (India) Limited to YES Bank Limited.27-01-2024
Yes Bank Q3 profit surges but falls short of estimates
Yes Bank's standalone net profit rose to 231 crore in the three months ended December 31, 202327-01-2024
YES BANK LTD. - 532648 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release and Investor Presentation on the financial results for the quarter (Q3) and nine months ended December 31, 202327-01-2024
YES BANK LTD. - 532648 - Outcome Of The Board Meeting-Statement Of Deviations Under Regulation 32 (1)(3) Of SEBI LODR Regulations, 2015
Outcome of the Board Meeting-Statement of Deviations under Regulations 32 (1) (3) of SEBI LODR Regulations, 201527-01-2024