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YES Bank Q2 preview: Revenue may remain muted; recovery from existing bad loans key monitorable

Other than the numbers, management commentary on the progress of below investment grade and recovery from existing bad loans would be the key monitorables.

October 23, 2020 / 07:42 IST
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Private sector lender YES Bank will announce its September quarter numbers on October 23 wherein the company is expected to report pressure on the revenue front.

Other than the numbers, management commentary on the progress of below investment grade and recovery from existing bad loans would be the key monitorable.

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Kotak Institutional Equities expects YES Bank's outstanding loans to decline about 30 percent year-on-year (YoY) but the key positive would be the recovery in deposit mobilisation.

Kotak expects net interest margin (NIM) to be unchanged quarter-on-quarter (QoQ) at 3 percent. Revenue pressure may remain high also due to weak fee income (sharp decline) and decline in net interest income (NII) (about 12 percent YoY), Kotak said.