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Jul 25, 2012, 12.02 PM IST
Private sector lender YES Bank is set to declare its first quarter numbers today. Analysts on an average expect profit after tax to grow by 22% year-on-year to Rs 263 crore for the quarter ended June 2012.
Net interest income is likely to increase 29% to Rs 457 crore during the same period. Analysts feel margins are expected to remain largely stable. In fourth quarter of FY12, net interest margin was flat QoQ at 2.8%, but cost of funds went up by 10 basis points QoQ. They expect asset quality of the bank should be stable. In Q4, gross non-performing asset was at 0.2% and net NPA at 0.05% while the restructured portfolio had formed 0.5% of total book. Investors should watch out for loan & deposit growth, non-interest income and CASA improvement. In the quarter ended March 2012, loan growth was low at 10.5% and deposits grew by 7% year-on-year. Non interest income rose by 43% YoY and 26% QoQ to Rs 266 crore.
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