YES Bank Q3 Results: Provisions for the quarter dropped sharply, which aided growth in the bottom line. Provisions and contingencies for the reported period stood at Rs 555 crore, compared with Rs 845 crore a year ago. Despite this, the pre-provision operating profit declined 5.4% YoY to Rs 864 crore.
Loans and advances as of September 30 stood at Rs 2.11 lakh crore, up nearly 10% on year and 5.2% sequentially. The gross retail disbursements for the quarter was Rs 11,187 crore, compared to Rs 12,094 crore a year ago, and Rs 11,305 crore a quarter ago.
YES Bank is set to release softer numbers for the first quarter ended June, with weakened underlying business growth. Analysts predict mid single-digit YoY growth in the lender s net interest income, but decline sequentially given weak loan expansion. Kotak Institutional Equities estimates a 6% rise