Yes Bank likely to post 26% growth in Q3

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Yes Bank likely to post 26% growth in Q3

Private sector lender Yes Bank is expected to report a profit after tax of Rs 242 crore in the October-December quarter of FY12, a massive growth of 26% as compared to Rs 191 crore in a year ago quarter

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Private sector lender Yes Bank is expected to report a profit after tax of Rs 242 crore in the October-December quarter of FY12, a massive growth of 26% as compared to Rs 191 crore in a year ago quarter.

Net interest income is seen going up 28% to Rs 412 crore in the third quarter of FY12 versus Rs 323 crore in the corresponding quarter of previous fiscal.

Expectations

- With increase in savings deposit rate CASA needs to be watched
>CASA ratio was 11% in Q2 

- Margins may see some contraction due to savings rate hike

- Fee income likely to be strong at 30% YoY   

- Credit growth to remain tepid

- Asset quality likely to be stable