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Friday, 27 January 2017

Yes Bank, the fifth largest private bank in India has come up with a good set of Q3 numbers, and over the coming year the bank is expected to witness strong loan growth, with a huge chunk of loan growth coming from retail loan segment.

Recently the growth in loan book was led by corporate loans, and the bank's market share of growth in disbursal of loans has continued, with the bank beating the overall industry growth, standing at 39% YoY and 6% QoQ (vs 5% YoY for the industry).

Benefits of demonetisation were reflected in CASA deposits, which shot up to 33.3% of total deposits.

Conclusively, Yes Bank's retail loan product suite is now complete with the recent addition of credit cards. Moreover, retail loans will start contributing to growth, and with further scope for expansion in the NIMs over a couple of years, the stock remains well placed in the private banking sector, while to top it all the bank plans to infuse equity capital of Rs 6000 crore over the next 12 months, which is likely to provide a further leg up to growth.

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