• April 27, 2016
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YES Bank announces financial results for the quarter and financial year ended March 31, 2016

Key Profit & Loss (P&L) Statement Highlights

• Net Profit of ₹702.1 Crores in Q4FY16; y-o-y growth of 27.4%. For FY16 Net profit increased by 26.6% to ₹2,539.4 Crores
• Net Interest Income at ₹1,241.4 Crores for Q4FY16; y-o-y growth of 27.1%. NII grew by 30.9% in FY16 to ₹4,566.7 Crores on back of steady growth in Advances & CASA. NIM expanded to 3.4% in FY16 from 3.2% in FY15
• Non Interest Income at ₹802.8 Crores for Q4FY16; y-o-y growth of 36.0%. Non Interest Income grew by 32.5% in FY16 to ₹2,712.1 Crores
• RoA stands at 1.8%, RoE at 21.1% for Q4FY16. RoA at 1.7% and RoE at 19.9% for FY16. Book Value at ₹327.8 per share (post proposed Board approved 100% dividend) as on March 31, 2016

Key Balance Sheet Highlights

• Y-o-Y growth in CASA of 48.7%; CASA Ratio improves to 28.1% from 23.1% a year ago, 5% improvement in one year. SA deposits posted robust growth of 62.3% y-o-y
• CASA+Retail FDs as % of Total Deposits stands at 54.5% as at March 31, 2016, up from 47.9% a year ago (6.6% improvement in one year demonstrating improving deposit diversity and granularity)
• Advances grew by 30.0% y-o-y to ₹98,209.9 Crores as at March 31, 2016
• Total Capital Adequacy as per Basel III is robust at 16.5% with Tier I ratio at 10.7%. ₹1,845 Crores of Basel III compliant Tier II bonds issued during the quarter. An aggregation of ₹3,899.2 Crores of Basel III compliant Tier II bonds raised during FY16. Total Capital Funds at ₹21,874.4 Crores as of March 31, 2016.

Key Asset Quality Highlights

• Credit Cost contained at 50 bps for FY16. RBI AQR impact fully factored
• Gross Non Performing Advances (GNPA) at 0.76% and Net Non Performing Advances (NNPA) at 0.29% as at March 31, 2016
• Provision Coverage Ratio (PCR) stands at 62.0% as at March 31, 2016
• tandard Restructured Advances as a proportion of Gross Advances at 0.53% (₹524.0 Crores) as at March 31, 2016, down from 0.67% (₹568.3 Crores) as at December 31, 2015
• Security Receipts (SRs) stand at 0.20% (₹199.4 Crores) of Gross Advances as at March 31, 2016, down from 0.25% (₹212.4 Crores) as at December 31, 2015
• Nil SDR and Nil 5:25 refinancing during FY16

Dividend of ₹10 per share (100%) recommended by Management & Board (subject to shareholders’ approval)

Mumbai -- The Board of Directors of YES BANK Ltd. took on record the Q4FY16 and Financial Year 2015-16 results at its meeting held in Mumbai today.

Commenting on the results and financial performance, Mr. Rana Kapoor, Managing Director & CEO, YES BANK said, “YES Bank has delivered another quarter of highly favourable financial performance across all the key parameters of growth, profitability and asset quality. Overall FY16, despite challenging headwinds, has proved to be extremely satisfactory for YES Bank.

The Bank’s commitment towards building a strong Retail franchise is reflected through our expanding distribution network, HR additions and investments in Digitization & Technology. FY16 witnessed CASA growth of 48.7% with the CASA ratio improving to 28.1% from 23.1%, thus demonstrating the productivity and efficiency of our Retail Liabilities growth engines.

Further, the launch of Credit Cards during the current quarter will complete our Retail Product suite, and will add to the value drivers for quality customer acquisitions to further propel an already improving contribution from Retail Advances and Liabilities.

YES Bank continues to show resilience on all Asset Quality parameters with highly manageable credit costs in an extremely challenging year FY16. With RBI Asset Quality Review (AQR) impact fully factored in, we remain well positioned to grow at a faster pace and acquire market share across Retail, SME and Corporate Businesses in the backdrop of an improving macro and policy environment.”

Re-disseminated by The Asian Banker