Yes Bank  |  Photo Credit: IANS
- Yes Bank’s retail portfolio witnessed a significant growth of 25 percent while its MSME portfolio grew by 12%
- Yes Bank’s total disbursement has reached Rs18,000 Cr
- Yes Bank has increased its deposits by more than 25 percent with major traction seen in the current accounts
New Delhi: Yes Bank’s performance in the quarter ended on December 31, 2021, has been really good with a huge build-up seen in the liability franchise. The bank’s retail portfolio witnessed a significant growth of 25 percent while its MSME portfolio grew by 12%. Moreover, the mid-market portfolio increased by 40 percent while the large corporate loans saw a reduction of 15 percent which is expected to stabilize by the next quarter. Overall, the total disbursement has reached Rs.18,000 Cr out of which Retail disbursement is Rs.4,900 Cr, MSME Rs.4,500 Cr, and Corporate disbursement is Rs.4,500 Cr.
In terms of assets and liabilities, Yes Bank has increased its deposits by more than 25 percent with major traction seen in the current accounts. This has both reduced the cost of deposits by more than 5 percent as well as led to an expansion in the net interest margins, which are further expected to reach 2.65 percent by the end of this year and to stabilize to 3 percent from the next year. Moreover, the company has also seen recoveries in its asset quality with more than Rs.5,000 Cr recovered during this financial year. It is in the process of setting up an Asset Reconstruction Company with an aim of reducing its non-performing assets to a negligible position during the financial year 2023. Further, the bank has also reduced its slippages by 50%.
Apart from this, the MD & CEO of Yes Bank, Mr. Prashant Kumar, also remarked that the impact of the third wave covid-19 infections has not been as severe. There was no major impact seen on the health side apart from the restricted movement of people. It has also not affected the business operations of the company.