NEWS

Yes Bank’s loan book up 7.5%, deposits rise 13.5% in Q1

Yes Bank’s loan book touches Rs 2 trillion; deposits grow 13.5% YoY to Rs 2.19 trillion.

Yes Bank posted a 7.5% year-on-year growth in loans and advances at Rs 2 trillion for the quarter ended June 2023. The sequential growth was just 0.1%.

Gross retail disbursements stood at Rs 11,357 crore in the quarter, marginally lower than Rs 11,863 crore reported a year ago.

The private lender’s deposits grew 13.5% YoY to Rs 2.19 trillion at the end of 30 June 2023. The sequential growth was just 0.9%.

The bank’s CASA (current account savings account) fell to 29.4% in the quarter ended June 2023, from 31.6% a year ago. 

The credit-to-deposit ratio stood at 91.3% in June 2023 compared with 96.4% a year ago and 92% a quarter ago.

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