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27 April 2018
 |
| Yes Bank (The Total Investment & Insurance Solutions) |
Private
sector lender Yes Bank on Thursday reported a rise of 29 percent in standalone
net profit at Rs 1,179.44 crore in the March quarter, 2017-18.
The
bank had logged a net profit of Rs 914.12 crore during January-March of
2016-17. The Total Investment &
Insurance Solutions
Total
income grew 27.8 percent to Rs 7,163.95 crore as against Rs 5,606.38 crore in
the same quarter of 2016-17, the bank said in a regulatory filing.
The
net interest income was up 31.4 percent at Rs 2,154.20 crore and non-interest
income increased 13 percent to Rs 1,421 crore during the reported quarter.
The
net interest margin - a gauge of profitability -stood at 3.4 percent in March
quarter, down from 3.6 percent in the year-ago period.
On
yearly basis, the net profit (consolidated) of the bank was up 26.7 percent to
Rs 4,233.22 crore in 2017-18 as against Rs 3,339.89 crore in 2016-17.
Total
income (consolidated) during the year grew to Rs 25,561.75 crore from Rs
20,642.80 crore in 2016-17. The Total
Investment & Insurance Solutions
The
bank's board at a meeting on Thursday recommended a dividend of Rs 2.70 per
share or 135 percent per share for the year ended March 31, 2018, subject to
approval of shareholders. The Total
Investment & Insurance Solutions
On
asset front, the gross non-performing assets (NPAs) of the bank were lowered to
1.28 percent of the gross advances as on March 31, 2018 from 1.52 percent at
the end of 2016-17. The Total
Investment & Insurance Solutions
In
absolute terms, gross NPAs or bad loans stood at Rs 2,626.80 crore by end of
March 2018 as against Rs 2,016.80 crore by the end of the preceding year.
Net
NPAs were 0.64 percent of the net advances (Rs 1,312.75 crore), down from 0.81
percent (Rs 1,072.27 crore) at the end of March 2017.
The
board of directors also approved raising funds up to Rs 30,000 crore in rupee
or foreign currency in one or more tranches by issuing bonds both in domestic
or overseas markets. The Total
Investment & Insurance Solutions
The
board also approved a proposal to raise up to USD 1 billion in one or more tranches
by way of issuance of equity capital, subject to approval of shareholders. The Total Investment & Insurance
Solutions
On
NPA divergence for 2016-17, there was a difference of Rs 6,355.20 crore in
gross NPA divergence as the bank reported it at Rs 2,018.60 crore against RBI's
assessment of Rs 8,373.80 crore.
Net
NPA divergence was of Rs 4,819.40 crore with the bank reporting Rs 1,072.30
crore and the RBI assessing it at Rs 5,891.60 crore.
Thus
the adjusted net profit for the year ended March 31, 2017 was put at Rs
2,316.10 crore from its earlier reported figure of Rs 3,330.10 crore.
The
private sector lender said its exposure to the gems and jewellery sector was
1.4 percent as on March 31, 2018, down from 1.6 percent as on December 31,
2017. The Total Investment &
Insurance Solutions
For
iron and steel sector it remained static at 2 percent, for telecom it came down
to 2.2 percent (March 2018) from 2.3 percent (December 2017) while for
non-renewable electricity generation it stood at 2.7 percent from 3.4 percent.
Overall
sequentially, there was a fall in exposure to sensitive sectors at 8.3 percent
by end of March 2018 from 9.3 percent at December-end 2017.
Stock
of Yes Bank closed at Rs 352.05, up 8.26 percent on BSE.The Total Investment & Insurance Solutions
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