Q4FY17 results :Yes Bank
Amir Shaikh / 19 Apr 2017
The bank's NPAs for the quarter deteriorated to 0.81 per cent as compared 0.29 per cent in Q3FY17. However, the bank looks well capitalized at 17 per cent capital adequacy ratio (Basel III) in Q4FY17.
Yes Bank Ltd posted its Q4FY17 results today. The net profit was largely above the estimates, but the bank's asset quality remained poor.
he NII for the quarter stood at Rs 1640 crore, an increase of rising 10% QoQ in Q4FY17 as against Rs 1489 crore in Q3FY17. This was on the back of rising advances and increasing share of retail banking in overall business. However, NIM for the quarter remain unchanged at 3.4 per cent for Q4FY17.
The bank's NPAs for the quarter deteriorated to 0.81 per cent as compared 0.29 per cent in Q3FY17. However, the bank looks well capitalized at 17 per cent capital adequacy ratio (Basel III) in Q4FY17.
The bank increased provisions for the quarter substantially by 168 per cent to Rs 309.7 crore as compared to Rs 115 crore in Q3FY17. The higher provisions slowed down the PAT growth to 3.6 per cent QoQ to Rs 914 crore in Q4FY17 as against Rs 882 crore in Q3FY17.
Moreover, Yes Bank also declared dividend of Rs 12 per share on face value of Rs 10 per share.
Yes Bank stock opened at Rs 1603 and closed marginally up at Rs 1605 in today's trading session.
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