BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
Yes Bank Ltd.’s Q2 FY21 financial performance improved sequentially as net profit grew by approximately 185% (QoQ) on the back of expansion in net interest margin (approximately 10 basis points QoQ), better traction in non-interest revenue and opex control (down 4.5% QoQ).
Provisions for the quarter were mostly towards building the Covid-19 impact related buffer, which now stands at Rs 19.2 billion.
Given the Supreme Court ruling halting recognition of non-performing assets, gross non-performing assets (in absolute terms) were largely unchanged at Rs 323.4 billion, forming 16.9% of the total advances.
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