Q1 2025 Yes Bank Ltd Earnings Call Transcript
Key Points
- Yes Bank Ltd (BOM:532648) delivered its highest quarterly profit since reconstruction, amounting to INR502 crores, a 46.7% YoY increase.
- The bank's net NPA ratio improved significantly to 0.5%, down from 2.4% in the same quarter last year.
- Yes Bank Ltd (BOM:532648) received a rating outlook upgrade from Moody's and ICRA, reflecting positive external stakeholder views.
- Net interest income grew by 12.2% YoY to INR2,244 crores, with a steady net interest margin of 2.4%.
- The bank's core fee income grew by 20.5% YoY, driven by strong customer acquisition and digital banking initiatives.
- Retail slippages remain high, with around 40-45% of slippages coming from unsecured loans.
- The cost-to-income ratio, normalized for various factors, remains high at 71.8%, indicating room for efficiency improvements.
- The bank's CASA ratio remained relatively flat at 30.8%, showing limited growth in low-cost deposits.
- Retail advances saw a sequential decline of 3.1%, indicating challenges in the retail lending segment.
- The bank expects some moderation in its UPI market share, which could impact fee income and float benefits.
Ladies and gentlemen, good day, and welcome to Yes Bank's Q1 FY25 earnings conference call. On the management panel, we have with us today Mr. Prashant Kumar, MD and CEO; Mr. Rajan Pental, Executive Director; Mr. Niranjan Banodkar, Chief Financial Officer; Mr. Manish Jain, Country Head, Wholesale Banking; Mr. Pankaj Sharma, Chief Strategy and Transformation Officer; and Mr. Sunil Parnami, Head, Investor Relations and Sustainability.
Mr. Prashant Kumar will now give you an overview of the results, which will be followed by a Q&A session.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Prashant Kumar. Thank you, and over to you, sir.
A very good morning, and thank you for joining us so early in the day for our quarter one FY25 earnings call. On this call, I am accompanied by the senior team members of the bank.
Now, moving straight on to the results. Continuing from the
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