YES Bank’s Q3 advances grow 12.6% to Rs 2.45 lakh crore, deposits up 14.6%
Yes Bank on Friday said its loans and advances rose by 12.6% year-on-year (YoY) to Rs 2,45,035 crore as of December 31, 2024, from Rs 2,17,523 crore in the previous corresponding year. Quarter-on-quarter (QoQ), loans grew by 4.2% from Rs 2,35,117 crore on September 30, 2024.
Deposits grew by 14.6% on a YoY basis to Rs 2,77,199 crore from Rs 2,41,831 crore a year ago. On a QoQ basis, deposits remained flat, compared to Rs 2,77,214 crore at the end of September 2024.
CASA (Current and Savings Account) deposits surged by 27.6% on a YoY basis to Rs 91,575 crore in December 2024, up from Rs 71,749 crore in December 2023. On a QoQ basis, CASA deposits rose by 3.4%, up from Rs 88,601 crore in September 2024. The CASA ratio improved to 33%, higher than 32% in the previous quarter and 29.7% in the same period last year.
The bank's Credit to Deposit Ratio (CDR) was at 88.4% in December 2024, slightly below the 89.9% recorded in December 2023. However, the CDR improved from 84.8% in the previous quarter. The Liquidity Coverage Ratio (LCR) rose to 133.2%, significantly higher than 118.4% in the same quarter last year and up from 132.0% in the preceding quarter.
YES Bank shares were trading 1.6% higher on Friday to Rs 19.92 on BSE after the company’s update.
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