YES Bank shares were trading higher on Wednesday after the private lender reported a 7.5% increase in advances in the June quarter. YES Bank stated in a business report issued ahead of trading hours that its loans and advances were at Rs 2,00,308 crore at the end of the June quarter, up from Rs 1,86,367 crore in the same period last year. The sequential gain in advances was 0.9% above the March quarter’s Rs 2,00,201 crore, according to YES Bank.

On the BSE, YES Bank shares rose 1.6% to a high of Rs 17.09. Year to date, the stock is down 21.43 percent.

Gross retail disbursements for the quarter were Rs 11,357 crore, down from Rs 12,705 crore in March and Rs 11,863 crore in the previous quarter.

Deposits increased 13.5% year on year to Rs 2,19,369 crore, up from Rs 1,93,241 crore in the previous quarter.

The credit-to-deposit ratio declined to 91.3 percent in the third quarter, down from 92 percent in March and 96.4 percent in the previous quarter. The liquidity coverage ratio increased to 125.6 percent, up from 123.9 percent in March and 116 percent in the previous quarter.

 

By Deesha

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