Q4 2024 Yes Bank Ltd Earnings Call Transcript
Key Points
- Yes Bank Ltd (BOM:532648) reported a net profit of INR 1,251 crores for FY24, up by 74.4% YoY.
- The bank achieved a third consecutive year of full-year profitability, marking a significant milestone.
- Net interest income for Q4 FY24 was INR 2,153 crores, up 2.3% YoY and 6.8% sequentially.
- The bank's CASA ratio improved to 30.9% in Q4 FY24 from 29.7% in Q3 FY24.
- Yes Bank Ltd (BOM:532648) has made substantial progress on PSL compliance, reducing the shortfall significantly.
- Net interest margin for FY24 decreased to 2.4% from 2.6% in FY23 due to negative drag from RIDF deposits.
- The cost to income ratio for FY24 was 72.2%, indicating high operational expenses.
- Gross slippages for Q4 FY24 were INR 1,356 crores, up from INR 1,233 crores in Q3 FY24.
- The bank incurred costs amounting to INR 377 crores on the purchase of PSLC certificates in FY24.
- One mid-corporate account slipped into NPA during Q4 FY24, impacting asset quality.
Ladies and gentlemen, good day, and welcome to the YES Bank's Q4 FY24 and FY24 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 of Investor Relations.
Mr. Prashant Kumar will give an overview of the results, which will be followed by a question-and-answer 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 four and full-year FY24 earnings call. On this call, I am accompanied by the senior team members of the bank.
Moving straight onto the results, YES Bank, last
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
