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Yes Bank registers 1.3% quarterly progress in loans and advances

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Liquidity protection ratio, a key monetary indicator, stood at 115.5% in contrast with 107.3% within the earlier quarter.

Yes Bank registered 1.3% quarter-on-quarter (q-o-q) progress in loans and advances to Rs 1.69 lakh crore through the December quarter, based on provisional information launched by the financial institution on Monday. Similarly, deposits grew 7.7% to Rs 1.46 lakh crore within the quarter, in comparison with Rs 1.36 lakh crore within the September quarter.

The gross retail disbursements through the December quarter stood at Rs 7,563 crore, up 109% in contrast with Rs 3,764 crore within the September quarter. Rajan Pental, international head-retail banking at Yes Bank, had earlier advised FE that the lender had set a goal to disburse retail and small enterprise loans price Rs 10,000 crore within the December quarter of the present monetary yr. The financial institution additionally goals to double its retail belongings and liabilities by 2023.

The certificates of deposits (CDs) grew 1.9% to Rs 7,395 crore from Rs 7,259 crore within the previous quarter. The present account and financial savings account (CASA) deposits grew 12.6% to Rs 37,973 crore, in comparison with Rs 33,713 crore within the September quarter. Similarly, the proportion of complete CASA deposits to complete deposits grew 120 foundation factors (bps) to 27.4% within the December quarter, in comparison with 26.2% within the earlier one.

Credit to deposit ratio within the quarter beneath evaluation stood at 115.6% in contrast with 122.9% within the earlier quarter. Liquidity protection ratio, a key monetary indicator, stood at 115.5% in contrast with 107.3% within the earlier quarter.

The financial institution mentioned it had registered 38.8% within the deposits through the nine-month interval from April to December. However, loans and advances declined 1.4% throughout the identical nine-month interval. Earlier, Yes Bank was rescued by a clutch of economic establishments in March as per the reconstruction plan ready by the Reserve Bank of India.

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