'Yes Bank conducted a conference call on 25 January 2025 to discuss its financial results for the quarter ended December 2024. Prashant Kumar, MD&CEO of the bank addressed the call:
Highlights:
Bank has demonstrated sustained sequential expansion in
profitability for the fifth quarter in a row. The RoA of the Bank has also
expanded to 0.6% from 0.5%, reported over the last 3 quarters. The bank is also
observing expansion in its operating profitability.
There is sharp reduction in balances of deposits placed
in lieu of PSL shortfalls to 8.5% of assets in Q3FY25 from 10.4% of assets in
Q2FY25, which is positive for margins
The fresh slippages in the Retail Segment have also
remained flat on a qoq basis, which may help in reduction of gross credit
costs.
The bank expects credit cost to be below 50 bps at around
30 bps.
The deposits momentum sustained with around 15% yoy
growth at Rs 277224 crore. The averag...
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