Brokerage firms tracking YES Bank said the lender may report a strong performance in the terms of bottomline, but the net interest income and asset quality may remain under pressure
YES Bank shares rose about 1.89 per cent to Rs 26.44, during the trading session on Friday, commanding a total market capitalization of around Rs 76,000 crore.
Analysts have said that the bank can post good numbers as the bank’s asset quality is expected to remain stable due to the improvement seen in the recoveries in the past few quarters.
The focus for the bank is shifting toward rebuilding the business and investors should watch out for commentary on growth and return to normalised levels of business operations. YES Bank posted 10% growth in its June quarter profit at Rs 342.52 crore. Its net interest income was up 8% from a year ago and stood at Rs 2,000 crore.