January 23, 2017 / 17:16 IST
Prabhudas Lilladher's research report on Yes Bank Yes Bank’s Q3FY17 performance continue to be on a strong foot on strong loan growth, stable NIMs and lower credit cost leading to strong PAT growth of +30% YoY. CASA franchise continued to improve partly helped by demonetisation and expect some CASA to remain in the bank.
Outlook
Valuations at 2.8x FY18E & 2.3x FY19E P/ABV looks attractive with significantly better growth & better asset quality holding up. We have increased our business growth assumptions and lowered credit cost, leading to 3‐5% increase in earnings for FY17E/FY18E. We maintain BUY with increased PT of Rs 1,595 (up from Rs 1,318) based on Sep‐18E ABV (rolled over from Mar‐18E).
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. 
Read More
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!
