Yes Bank 's Q2FY17 numbers outshine

Yes Bank has declared its Q2FY17 results. The bank has posted total Net Income of Rs 2334 crore in Q2FY17 with y-o-y growth of 35.2 per cent owing to robust growth in Advances & CASA. The bank’s NIM has expanded to 3.4 per cent in Q2FY17 from 3.3 per cent a year ago. Its net profit also has increased by 31.3 per cent to Rs 802 crore in Q2FY17 as compared to same period in previous financial year. Yes Bank’s RoA has expanded to 1.8 per cent from 1.7 per cent and RoE has increased to 21.4 per cent from 19.4 per cent on a yearly basis.

On asset quality front, Yes Bank’s Gross Non Performing Advances (GNPA)stand at 0.83 per cent (Rs 916.7 crore) and Net Non Performing Advances (NNPA)are stable at 0.29 per cent (Rs 323 crore) as in Q2FY17.

Yes Bank has achieved an important milestone with CASA ratio crossing 30 per cent for the first time to 30.3 per cent in Q2FY17. Further, the bank’s commitment towards building a strong retail franchise got a comprehensive push with the launch of Credit Cards during the quarter.

The share price of Yes Bank has increased by 2.41 per cent on bourses in early trades; and is trading at Rs 1319.75 on an intraday basis.