Yes Bank

Yes Bank’s Stellar Performance: 7% Surge as ₹150 Crore Infusion Boosts Stock on NPA Portfolio Sale

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Yes Bank, a prominent private sector bank in India, witnessed a 7% surge in its stock value, reaching Rs 22.99 per share. This upward momentum was fueled by a substantial infusion of ₹150 Crore from the sale of its Non-Performing Asset (NPA) Portfolio to JC Flowers ARC.

Yes Bank Ltd.

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Yes Bank Key Highlights:

  • It’s shares surged 7%, closing at Rs 22.99 after receiving ₹150 Crore from the NPA portfolio sale.
  • The bank’s market capitalization stands at Rs 64,799 Crore, reflecting a robust financial standing.
  • It has experienced a significant return of 38% over the last six months and 5% in the past year.

Financial Snapshot:

  • Q2FY24 Net Interest Income reported at Rs 1,925 Crore, reflecting a YoY decrease of 3.3%.
  • Net Interest Margin for Q2FY24 stood at 2.3%, down from 2.6% in the corresponding quarter of the previous year.
  • Annual revenue increased by 22%, reaching Rs 6,714 Crore in Q2FY24.
  • Net profit showed a robust 43% growth, rising from Rs 160 Crore to Rs 229 Crore in the same period.

Operational Overview:

  • It’s diverse retail loan books include 18% from home loans, 16% from personal loans, 16% from Secured Business Loans, and 11% from Commercial Vehicle Loans.
  • Non-Performing Assets (NPAs) have reduced to 0.83% from 4.53% in FY 2022.
  • With a pan-India presence, Yes Bank operates over 1,198 branches, 179 BC banking outlets, and 1,345 ATMs, CRM’s & BNA’s.

Business Presence:

  • It operates in various segments, including investment banking, merchant banking, and brokerage business.
  • Pan-India presence with an IBU at GIFT City and a Representative Office in Abu Dhabi.

It’s recent financial performance, coupled with the successful sale of its NPA portfolio, has significantly boosted investor confidence. The infusion of ₹150 Crore adds to the bank’s resilience, reflecting positively in its stock value and market positioning. The bank’s strategic focus on reducing NPAs and maintaining a diversified loan portfolio further strengthens its standing in the banking sector.

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