Stock Performance Incorporates Positives ... Reiterate HOLD YES Bank's net profit grew strongly by 30.6% yoy & 10.1% qoq to Rs8.8bn in 3QFY17, led by robust growth in NII and 22.0% yoy & 28.6% qoq decline in provisioning expenses to Rs1.2bn. Its NII surged 30.3% yoy & 4.2% qoq to Rs15.1bn owing to strong growth in balance sheet and healthy NIMs (up 10bps to 3.5%). Loan book grew by 38.7% yoy (6.2% qoq) to Rs1171bn aided by 42.2% yoy & 7.8% qoq growth in Corporate Banking portfolio. Operating expenses surged by 39.6% yoy (11% qoq) to Rs10.5bn owing to expenses relating to managing demonetization activities and...