Yes Bank has released its provisional business performance for the quarter ending September 30, 2024, ahead of its official financial results. Loans and advances for the bank grew by 3% on a quarter-on-quarter (QoQ) basis to ₹2,36,512 crore, while deposits saw a 4.6% increase, reaching ₹2,77,173 crore.
On a year-on-year (YoY) basis, loans and advances showed a 13.1% growth, and deposits jumped by 18.3%. The bank’s current and savings account (CASA) deposits registered a significant growth of 28.4% YoY, with the CASA ratio improving to 32% compared to 29.4% in the same period last year.
Yes Bank’s credit-to-deposit ratio stood at 85.3%, slightly lower than the previous quarter’s 86.6%, while the liquidity coverage ratio (LCR) averaged 131.9% for the quarter.
The provisional data precedes the official financial results for the September quarter, which are subject to approval by the Audit Committee and Board of Directors, along with a limited review by the statutory auditors.
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