Conference Call with YES Bank Management and Analysts on Q2FY21 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with YES Bank Management and Analysts on Q2FY21 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with YES Bank Management and Analysts on Q1FY21 Performance and Outlook. Listen to the full earnings transcript.
Opening Remarks from Management
Our recent raise of Rs. 15,000 crore via FPO - the largest raise in India so far, which we did within four months. Capital adequacy ratio is now at 20%.
On the deposit side, during the quarter there has been a growth of 11.4% QoQ on the deposits side. Current account growth has been 26%. Shows a restoration of confidence. We have also been able to meet the LCR requirements. On 30th June our LCR was 114%. We have been able to return 50% ie 25,000 crore to RBI.
In operating profits - this now stands at Rs. 1,147 crore. That is11X of the profit we saw in Q4 of the previous financial year.
I believe we have to compare Q1 with our performance in the last financial year. Because of the reconstruction scheme of the bank, we believe a QoQ comparison is more appropriate compared to YoY.
We have increased provision coverage, from 73.8% to 75.1% of NPA. We have also added Covid related provisions, with Rs. 642 crore provisions and an additional Rs. 884 crore Covid provisions on the balance sheet. Our NPA has improved from 5.03% on 31st March to 4.9% on 30th June. GNPA % has increased from 16.8% to 17.0%. However in absolute terms there is a reduction.
The first quarter is typically weak, but despite the pandemic we are seeing a lot of positive signs, and significant progress on all fronts.
Conference Call between YES Bank Management and Analysts on Q4FY20 Earnings Performance and Outlook. Listen in to the full earnings transcript.
