Yes Bank loans rise by 14% by June-end

Retail disbursements during the quarter more than doubled to ₹11,431 crore

Yes Bank on Tuesday said its loans and advances increased by 14% to ₹1,86,598 crore at the end of June 2022 from ₹1,63,654 crore at end-June 2021.

Gross retail disbursements during the quarter more than doubled to ₹11,431 crore compared with ₹5,006 crore by June 30, 2021, Yes Bank said in a regulatory filing.

Deposits of the bank rose by 18.3% to ₹1,93,241 crore as of June 30, 2022, from ₹1,63,295 crore at the end of June 2021. Deposits, however, were down by 2% from ₹1,97,192 crore as of March 31, 2022.

With respect to deposits, daily average deposit balances in Q1FY23 have sequentially grown by 4.4% on the back of sequential growth of 9.2% in daily average CASA balances, Yes Bank said.

Among other data points, bank's credit to deposit ratio stood at 96.6% by the end of the first quarter of FY23. It was 100.2% as of June 30, 2021.

The private sector lender said the data provided are provisional and being released ahead of the official announcement of the financial results for the quarter ended June 30, 2022, which is subject to approval by the audit committee of the board, board of directors and limited review by the statutory auditors.

Another private sector lender RBL Bank in a separate filing said its total deposits grew by 6% year-on-year to ₹79,217 crore at end of Q1FY23.