Axis Securities's research report on Yes BankYES Bank reported an in-line Q4FY16, with PAT of Rs 7.02bn (+ 27.4% YoY). NII growth (up 27% YoY) was strong driven by 30% YoY increase in loans and stable NIM (3.4%).Asset quality declined marginally, with GNPA(%) slipping 10bps to 0.76% (vs. 0.66% in Q3FY16). Credit cost at ~50bps for FY16 is one of the lowest in industry despite being a corporate lender. Retail and Business Banking gained further ground, together making up ~35% of loans. We expect YES to continue gaining market share, growing much ahead of the industry. Margin profile is likely to improve given traction in retail liabilities (targeting 40% CASA ratio by FY18) and growing reach due to investments in branch network (~20% addition every year).For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
