YES BANK LTD. - 532648 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Earnings Call for the un-audited Financial Results of the quarter ended June 30, 202226-07-2022
26-07-2022
Cerberus ties up with ARCION for Yes Bank's NPAs
Despite a higher offer, Cerberus lost out as it does not own an ARC- unlike JC Flowers, which operates an ARC. In order to place itself on an equal footing, Cerberus has roped in ARCION Revitalization, an ARC joint venture between Apollo Global Management and ICICI Bank, to submit a joint bid, said people aware of the development.26-07-2022
CBI files charge sheet against Avinash Bhosale in YES Bank-DHFL scam
The agency has also named Satyen Tandon as an accused in the charge sheet filed before a special CBI court in Mumbai, officials said.26-07-2022
Q1FY23 Quarterly Result Announced for YES Bank Ltd.
YES Bank Announced Q1FY23 Result : Profits at INR 311 Crs in Q1FY23 grew 50% YoY NII at INR 1,850 Crs grew 32% YoY; NIMs at 2.4% up nearly 30 bps YoY Operating Profit at INR 590 Crs in Q1FY23; Excluding realized / unrealized gain on Investments, Operating Profit grew 33% YoY Total Provision Costs for Q1FY23 at INR 175 Crs declined 62% YoY, primarily aided by lower slippages Sustained growth in Deposits and Granular Advances Advances up 14% YoY, Deposits up 18% YoY; Balance Sheet grew 17% YoY New Disbursement of INR 22,636 Crs in Q1FY23, up 87% YoY and 14% QoQ Retail & MSME: Corporate Mix improved by 240bps QoQ to 62:38 CASA ratio at 30.8% vs 27.4% in Q1FY22, up nearly 340 bps YoY 3.0 Lacs CASA A/Cs opened in Q1FY23- sustained momentum in customer acquisition Improving Asset Quality GNPA ratio at 13.4% vs. 15.6% in Q1FY22 and 13.9% in Q4FY22 NNPA ratio at 4.2% vs. 5.8% in Q1FY22 and 4.5% in Q4FY22 Slippages lower at INR 1,072 Crs in Q1FY23 vs. INR 2,233 Crs in Q1FY22 Resolution Momentum continues with Total Recoveries & Upgrades for Q1FY23 at INR 1,532 Crs- in line with the Annual guidance of INR 5,000 Crs Capital Position – Organic Accretion CET at 11.9% vs. 11.6% both in Q1FY22 and Q4FY22 CRAR at 17.7% vs. 17.9% in Q1FY22 and 17.4% in Q4FY22 RWA to Total Assets at 73% vs. 82% in Q1FY22 and 73% in Q4FY22 Commenting on the results and financial performance, Prashant Kumar, MD & CEO, YES BANK said, “Q1FY23 has been a stable quarter with progress across fresh disbursements momentum, improving granularization of assets, steady profitability and consistently improving Asset Quality metrics. The Balance Sheet is now resilient to navigate the volatile Interest Rate environment, and the Bank remains on track to achieve the FY23 as well as medium term guidance and objectives. More importantly, during the quarter, the Bank has successfully come out of the Reconstruction Scheme with formation of the alternate Board. In addition, term sheet has been signed for sale of identified pool of stressed assets to the ARC. Successful sale of stressed Assets will be the largest such deal in India and a significant milestone in the Bank’s new journey.” Result PDF25-07-2022
Yes Bank shares: Should you buy, sell, reduce post better-than-expected Q1 results?
Brokerage Edelweiss has raised its target price on Yes Bank shares25-07-2022
YES BANK LTD. - 532648 - Audio Recording Of Earnings Call For The Un-Audited Financial Results Of The Quarter Ended June 30, 2022
Audio recording of Earnings Call for the un-audited Financial Results of the quarter ended June 30, 202224-07-2022
Yes Bank Profit Jumps Over 50% On Low Provisions, Interest Income Growth
Yes Bank on Saturday reported 54.17 per cent jump in consolidated net profit at Rs 314.14 crore for June quarter 2022-23, driven by core income growth and a fall in provisions.23-07-2022
YES BANK LTD. - 532648 - Announcement under Regulation 30 (LODR)-Change in Directorate
Appointment of Additional Independent Director - SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 effective from today i.e. July 23, 2022.23-07-2022
YES BANK LTD. - 532648 - Board Meeting Outcome for Financial Results For Quarter Ended June 30, 2022 - SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Financial Results for Quarter ended June 30, 2022 - SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201523-07-2022
YES BANK LTD. - 532648 - Outcome Of The Board Meeting - SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Outcome of the Board Meeting - SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201523-07-2022