26 February 2024

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YES Bank shares

YES Bank shares rise as it reports 7.5% growth in first-quarter advances

YES Bank shares were trading higher on Wednesday after the private lender reported a 7.5% increase in advances in the June quarter. YES Bank stated in a business report issued ahead of trading hours that its loans and advances were at Rs 2,00,308 crore at the end of the June quarter, up from Rs 1,86,367 crore in the same period last year. The sequential gain in advances was 0.9% above the March quarter’s Rs 2,00,201 crore, according to YES Bank.

On the BSE, YES Bank shares rise 1.6% to a high of Rs 17.09. Year to date, the stock is down 21.43 percent.

Gross retail disbursements for the quarter were Rs 11,357 crore, down from Rs 12,705 crore in March and Rs 11,863 crore in the previous quarter.

Deposits increased 13.5% year on year to Rs 2,19,369 crore, up from Rs 1,93,241 crore in the previous quarter.

The credit-to-deposit ratio declined to 91.3 percent in the third quarter, down from 92 percent in March and 96.4 percent in the previous quarter. The liquidity coverage ratio increased to 125.6 percent, up from 123.9 percent in March and 116 percent in the previous quarter.

YES Bank shares

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CASA (Current Account Saving Account) totaled Rs 64,528 crore, a 3.6% decrease from the previous quarter. It was up 8.4 percent year on year from Rs 59,544 crore in the previous quarter.

CASA’s share of total deposits (excluding certificates of deposit) was 29.4%, down from 30.8 percent in March and 31.6 percent in the previous quarter.

YES Bank shares All time High

The all-time high share price of Yes Bank was Rs. 385, which was reached on July 20, 2018. The share price has been declining since then, and as of today (July 5, 2023), it is trading at Rs. 16.

The all-time high share price of Yes Bank was driven by strong investor sentiment and a positive outlook for the bank. The bank had been reporting consistent profit growth and robust asset quality, and it was seen as a top pick for investors. However, the bank’s share price began to decline in 2019, due to a number of factors, including concerns about its corporate governance practices and its exposure to stressed assets.

In March 2020, the Reserve Bank of India (RBI) imposed a moratorium on Yes Bank, which restricted the bank’s operations and prevented it from making any new loans. The RBI also appointed a new board of directors for the bank. The moratorium was lifted in December 2020, but the bank’s share price has continued to decline.

The future of Yes Bank is uncertain. The bank is still under the supervision of the RBI, and it is unclear when it will be able to resume normal operations. However, the bank has taken steps to improve its corporate governance practices and to reduce its exposure to stressed assets. If these measures are successful, the bank’s share price could rebound in the future.