Yes Bank Q1FY24 Update: Advances rise 7.5% to 2 lakh crore; deposits growth at 13.5% YoY
₹2,00,308 crore for the quarter ended June 2023, as compared to ₹186,367 crore during the same period last year. The sequential growth in advance was 0.1% from ₹200,201 crore in the March quarter. Yes Bank’s deposits in Q1FY24 rose 13.5% to ₹219,369 crore from ₹193,241 crore, YoY.
It registered a sequential growth of 0.9% from ₹217,502 crore in Q4FY23. Also Read: HDFC Bank Q1 Update: Advances grow 13.1% to ₹16.15 lakh crore; deposits rise by 19.2% YoY CASA ratio, which is the ratio of deposits in current, and saving accounts to total deposits, was at 29.4% during the June quarter of FY24 as compared to 31.6% in the June quarter of FY23 and 30.8% in the previous quarter.
Liquidity Coverage Ratio (LCR) in Q1FY24 was 125.6% as against 116.0%, YoY, and 123.9% QoQ. At 9:25 am, the shares of Yes Bank were trading 0.89% higher at ₹16.97 apiece on the BSE.
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