Stock Performance Incorporates Positives ... Reiterate HOLD YES Bank's net profit grew strongly (+31.3% yoy & 9.5% qoq) to Rs8.1bn in 2QFY17, led by robust growth in NII and sequential decline in provisioning expenses (-21.8% qoq to Rs1.6bn). Its NII surged 30.5% yoy (9.8% qoq) to Rs14.5bn owing to strong growth in balance sheet and healthy NIMs (3.4%). Loan book grew by 38% yoy (4% qoq) to Rs1,102bn aided by 37.7% yoy (25.8% qoq) growth in business banking portfolio. Operating expenses surged by 34% yoy (4.1% qoq) to Rs9.5bn in line with revenue growth owing to rise in headcount (net addition...