YES Bank Results: Monday marked a series of events for YES Bank results. The trading saw a more than 3% increase in YES Bank Ltd. shares due to the company’s Q3 earnings. In comparison to the previous closing of Rs 18.25 on the Bombay Stock Exchange, YES Bank’s stock increased ₹ 18.87. At Rs 58,567 crore, the bank’s market value increased and brought in goodwill for the business. A total of Rs 18.98 crore worth of bank shares, or 100.25 lakh shares, were exchanged on the BSE. Let’s get an overview of the company and its shares.
Overview of YES Bank Limited
The Mumbai-based full-service commercial bank YES BANK serves in:
- Retail,
- MSME, and
- Corporate customers with a broad range of goods, services, and digital solutions.
Through its wholly owned subsidiary, YES SECURITIES, the bank runs its brokerage activity. With a representative office in Abu Dhabi and a GIFT City IBU (International Banking Unit), the bank is present throughout India.
Objectives of YES Bank Limited
Their goal is to open up new markets so that both people and companies can realize their greatest potential. The management is motivated at YES BANK by a strong sense of purpose and unwavering dedication to their course. Their unique growth strategy is based on broadening their loan portfolios and growing their current businesses, opening the door to a better future.
YES Bank Results: Major Highlights
For the quarter ending December 2024, YES Bank Ltd. revealed impressive Q3 results. Key Yes Bank results are given below:
| NIMs (Net Interest Margins) | Â The net interest margins for YES Bank Ltd. stayed steady at 2.4% YoY and QoQ |
| NIIs (Net Interest Income) | The net interest income of YES Bank Ltd. increased 10.2% YoY to ₹2,224 crore |
| Net Profit | The net profit of YES Bank Ltd. surged by 164.5% (YoY) year-on-year to ₹612.27 crore |
| Advances | The advances of the Bank grew 12% YoY to ₹2.17 lakh crore |
| Asset Quality | GNPA (Gross Non-Performing Assets) decreased to 1.6% in Q3FY25 from 2.02% in the prior quarter |
| Deposits | The deposits of the company also increased 4% sequentially |
Propelled by a robust increase in NII and a notable drop in provisions, YES Bank results brought a wave of happiness among its investors. The bank’s attempts to enhance its loan portfolio are reflected in the stable asset quality and the healthy deposit growth shows that customers have a lot of faith in the bank.
Conclusion
YES Bank results have left a good impression on investors, and many are already planning to invest in the shares for the long-term. A positive trajectory of the shares is something that always intrigues the investors into excessive buying. However, it is advised to keep a check on the market as it is uncertain and subject to risk.
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