Yes Bank Q1 deposits up 39% at 163,295 Crore

Announcing its Q1 business update, Yes Bank on Monday said that the bank’s Loans & Advances came at Rs 163,914 crore for the quarter ended June 2021 (provisional), down 1.8% quarter-on-quarter (QoQ) & down 0.4% year-on-year (YoY). The bank’s loans & advances for March 2021 were at Rs 166,893 crore and for June 2020 at Rs 164,510 crore.

The bank’s deposits grew 39% to Rs 163,295 crore as compared to Rs 117,360 crore on a yearly basis. On a quarterly basis, the deposits were slightly up 0.2% from Rs 162,947 crore (March 2021). The CASE (current account savings accounts) was up 47.7% to Rs 44,790 crore against Rs 30,326 YoY and up 5.2% from Rs 42,587 crore QoQ.

The credit-to-deposit ratio in Q1 was at 100.4% as compared to 102.4% in March quarter and 140.2% in the June 2020 quarter. On the other hand, the Liquidity Coverage Ratio (LCR) of Yes Bank the quarter stood at 118.4% versus 122.3% in the previous quarter and 114% in the year-ago quarter.

Share of Yes bank was trading 0.2% at Rs 13.6 per share on the BSE in Monday’s opening deals.