Yes Bank’s asset quality remains intact in Q1FY17

Yes Bank has declared its Q1FY17 results on Wednesday. The bank’s net interest income has increased by 6.1 per cent to Rs 1317 crore in Q1FY17 as compared to previous quarter. Its Net Interest Margin (NIM) has improved and stands at 3.4 per cent in Q1FY17 against 3.3 per cent in Q1FY16. Its operating income too has risen by 6.6 per cent to Rs 1307 crore in Q1FY17 on a quarterly basis. Yes Bank’s PAT also has increased by 4.2 per cent to Rs 732 crore in Q1FY17 as compared to previous quarter.

On asset quality front, Yes Bank’s gross NPA stands at 0.79 per cent amounting to Rs 845 crore as of Q1FY17 against 0.76 per cent in Q4FY16. The bank’s net NPA has remained unchanged at 0.29 per cent as of Q1FY17.

On segmental revenue front, Yes Bank has earned 24.84 per cent from treasury, 65.81 per cent from corporate banking, 8.9 per cent from retail banking and 0.45 per cent from other banking operations during Q1FY17.

The share price of Yes Bank has declined by 2 per cent on bourses; and is trading at 1198.35 on an intraday basis.

Yes Bank is a private sector bank and is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management. It operates in four business segments viz. Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking operations.