In Private Banking space, Yes Bank reported its Q2 numbers today which were in line with the expectations. Yes Bank reported profit of Rs 130 Cr in Q2 FY21 vs loss of Rs 600 cr last year. NII stood at Rs 1973 cr increased by 3.4%. The NPA of the bank stood at 4.7% in Q2 vs 4.96% (QoQ).

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According to Yes Bank’s MD and CEO Prashant Kumar, the liquidity amount of Rs 50000 cr was returned to the RBI ahead of time. Bank has registered 1.5% growth in its advances, Yes Bank is extremely cautious and is focusing only on quality loans. Prashant Kumar added that in Q2, Yes Bank has disbursed retail loans worth Rs 3000 cr and MSMS loans of Rs 2800 cr.

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Key Positives from the results of Yes Bank:

1) Liquidity amount returned to RBI ahead of time
2) Provisioning ratio improved to 75.7
3) Liquidity coverage ratio exceeds what RBI requires
4) Disbursed retail loans of Rs 3000 Cr in Q2
5) Disbursed MSME loans of Rs 2800 cr in Q2