YES Bank net profit at INR 207 Cr – Highest since December 2018

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  Net Profit at INR 207 Cr – Highest since December 2018.

·         Corporate recoveries / resolutions at INR 1,643 Cr far outpace slippages of INR 1,258 Cr and almost entirely offset total slippages. Provisions for Q1FY22 at INR 644 Cr lower by 87.7% Q-o-Q- Lowest since December 2018

·         CASA Ratio at 27.4% up ~130 bps Q-o-Q- Highest since December 2019. ~1.5 Lac CASA accounts opened in Q1FY22

·         Retail Advances cross INR 50,000 Cr mark; Retail: Corporate Mix at 53:47 (51:49 last quarter).

·         New Business Generation continues for Q1FY22: Retail Disbursements at INR 5,006 Cr, SME Disbursements1 at INR 3,242 Cr, Wholesale Banking Disbursements at INR 3,625 Cr

·         Sustained momentum in recoveries with INR 602 Cr of Cash Recoveries in Q1FY22

·         CET I ratio2 improves by ~40 bps Q-o-Q to 11.6%; Total CRAR at 17.9%

·         Continued Leadershipin Technology: UPI#1 in P2M transactions, ~46% vol. market share, IMPS#1 Remitter Bank3

·         ~ 80% employees vaccinated during free vaccination drives across the country. Implemented Work from Anywhere which provides employees improved flexibility and support

Financial Highlights

·         NII for Q1FY22 at INR 1,402 CrNIMs at 2.1%

·         Non-Interest income at INR 1,056 Cr up 29.5% Q-o-Q

·         Operating expenses for Q1FY22 at INR 1,538 Cr were lower by 4.9% Q-o-Q

·         Operating Profit at INR 920 Cr up ~4x Q-o-Q

·         Net Advances at INR 163,654 Cr; Total Deposits at INR 163,295 CrCD ratio at ~100.2% from 102.4%in Q4FY21

·         Liquidity Coverage Ratio (daily average during the quarter) remains healthy at 131.8% v/s. 113.9% last quarter

·         Asset quality parameters:

o    GNPA of 15.60% (GNPA lower by ~INR 100 Cr Q-o-Q)

o    NNPA of 5.78% (NNPA lower by ~INR 350 Cr Q-o-Q)

o    NPA Provision Coverage Ratio at 79.3% 4

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