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Yes Bank Q1FY23 Update: Bank Deposits Growth at 13.5% YoY, Advances Rises 7.5%

The Bank's Brokerage business is through YES SECURITIES, its wholly-owned subsidiary.

Yes Bank, a private sector lender, reported a 7.5% growth in its advances received at Rs 200,308 crore for the June quarter of 2023, compared to Rs 186,367 crore received during the past fiscal year. The sequential growth in advance was 0.1% from Rs 200,201 crore in the previous quarter.

Yes Bank’s deposits in Q1FY23 rose 13.5% to Rs 219,369 crore from Rs 193,241 crore YoY and registered a sequential growth of 0.9% from Rs 217,502 crore in Q4FY22. 

Current Account Savings Account (CASA) ratio is a ratio of deposits in current and saving accounts against the total deposits. The CASA was 29.4% during the June quarter of FY23 against 31.6% in the June of the previous fiscal year and 30.8% against the previous quarter. 

At 10:15 am, the shares of Yes Bank were trading 2.08% higher at Rs 17.15 apiece on the NSE.

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