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Bank Yes reported a net profit of 964.7 rupees for the September quarter, down 3.8% from the same quarter of last year. The quality of its badets was, however, very successful in the second quarter.
Here is an overview of the top 10 conclusions of the bank's financial performance.
Net Profit and NII
The year in sharp decline of the private sector lender – the year (YoY), which includes a one-time provisioning impact according to the value of market of 252.2 crores of rupees, mainly on corporate bonds. Excluding these items and earnings on investment sales, adjusted net income increased 36% year-over-year.
Net interest income rose 28.2% year-on-year to Rs 2,417.6 million, while net interest margin was stable at 3.3%.
Asset Quality
The quality of badets deteriorated during the quarter. Gross unproductive badets (as a percentage of gross advances) increased to 1.60% from 1.31% in the June quarter. Net EPS was also higher at 0.84% compared to 0.59% in the previous quarter.
Provisions
Provisions and provisions for risks in the second quarter of 939.98 rupees increased sharply by 50.2% in series and by 110.3% year-on-year.
"The above provision included 409.2 million rupees for the provisioning of the NPA, 9.7 million rupees for NPI / ARC provision, 344.9 million rupees for the provisioning of investments, 92 billion rupees for the amortization of provisions in bonds allowed under the RBI exemption, and Rs 117.6 crore of standard badet provisions, "said the bank.
Growth in Loans and Deposits
The bank reported that its advances had increased by 61.2% to 2.39,627.5 crores. At the same time, total deposits increased 41% year-over-year to 2.22,837 crores for the current quarter.
Operational Performance
The Bank reported an increase in its operating profit of 24.1% to 2,366.4 crores
Liquidity Position [19659002] The bank indicated that the liquidity coverage ratio was 100.5% as at September 30, 2018 and that the average daily liquidity coverage ratio was 99.4% for Q2FY19. 19659002] CASA Ratio
The ratio Current Account Savings Account (CASA) was reported at 33.8% as a result of a 28.2% sliding growth annual.
The Succession Plan
The bank explained how its board of directors and the Reserve Bank of India had decided to find a successor to Rana Kapoor.
On September 25, the lender formed a research and selection committee composed of three members of the Nomination Remuneration Committee (NRC) and two external experts
. This committee appointed Korn Ferry on October 11, 2018, a global leadership consulting firm, which helps to evaluate candidates (internal and external) as suitable Kapoor successors. In addition, to ensure a long-term succession plan, the board appointed Rajat Monga and Pralay Mondal executive directors.
Payment Platforms
The bank reported an 83% increase in year-over-year transaction volume via the Instant Payment Service (IMPS) platform. In terms of NEFT, the lender has a market share of 3.22% in volume and 2.75% in value.
Notations of debt
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