YES Bank Ltd. share price target

Healthy NII growth; robust Non Interest Income growth NII for Q1FY13 increased by 33.3% y-o-y to INR 4.72bn. This was on account of stable growth in Customer Assets and stable NIM of 2.8%. Non Interest Income grew by 74.3% y-o-y, 8% q-o-q to INR 2.88 bn. This was on the back of continued growth across all income streams Financial Markets (up 283% y-o-y), Transaction Banking (up 65% y-o-y), Financial Advisory (24%), Retail Banking Fees & Others, that showed firm traction y-o-y. Credit substitutes continue to drive B/S growth While loan growth was modest at 16% y-o-y, including credit substitutes (CPs and debentures) customer asset growth stood at a healthy 32%. While Corporate & Institutional banking clocked strong growth of 18% y-o-y (up 8%...

Background: Yes Bank, among the newer entrants in the banking space, came out with an IPO in 2005 offering shares at Rs 45 apiece. Yes Bank operates through a network of 356 branches. Its branch count is largely skewed towards metros and Tier-I cities. The company is an emerging mid size player in the private space with a balance sheet size of Rs 736.6 billion. The bank features among the top banks on various industry...

Background: Yes Bank, among the newer entrants in the banking space, came out with an IPO in 2005 offering shares at Rs 45 a piece. Yes Bank operates through a network of 331 branches. Its branch count is largely skewed towards metros and Tier-I cities. The company is a small player with banking business worth about Rs 828 billion. The bank features among the top banks on various banking parameters. Yes Bank has...

with a wind-down in credit in the first quarter curtailed credit growth. The loan book was reported at about Rs 342 billion. However, a surge was Background: Yes Bank, among the new entrants in the banking space, came out with an IPO in 2005 offering shares at Rs 45 a piece. Yes Bank operates through a network of 305 branches. Its branch count is largely skewed towards metros and Tier-I cities. The company is a small player with banking...

Yes Bank continued to maintain momentum on the earnings front. For the March quarter the bank reported a PAT growth of 45%. For the full year earnings growth was reported higher at 52%. Net interest income along-with topline was along expected lines. Provisioning charges, however, was lower than expected. NII continued to remain the main driver of bottomline growth. Flattish charges on assets augured well to adding to the 32% rise in topline. For the tenth straight quarter return on assets...

Yes Bank continued to report earnings growth for the sixteenth straight quarter. Earnings expansion was at a robust 75%. Earnings growth was driven by a surge in both components of the topline. Operating cost efficiency also augured well for earnings growth. For the sixth quarter in a row return on assets...

Background: Yes Bank, among the new entrants in the banking space, came out with an IPO in 2005 offering shares at Rs 45 a piece. Yes Bank operates through a network of about 126 branches and about 93 offsite ATMs. Its branch count is largely skewed towards metros and Tier-I cities. The company is a small player with banking business worth about Rs 35,700 crore. The bank features among the top...

entrants in the banking space operates through a network of about 260 branches. Its branch count is largely skewed towards metros and Tier-I cities. The company is a small player with banking business worth about Rs 40,000 crore. The bank features among the top private sector banks on various banking parameters. Yes Bank has been ramping up its branch count,...