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.
ICICI Securities Report
Post aggravated recognition/provisioning in Q4 FY21, YES Bank Ltd. reported profit after tax of Rs 2.07 billion in Q1 FY22 (versus loss of Rs 37.9 billion in Q4 FY21).
Net interest margin normalisation, treasury gains (Rs 3 billion) and recoveries from written-off accounts (Rs 2.5 billion) supported Yes Bank's earnings.
What encouraged in Q1 FY22:
1. slippages (at more than 5%) were more than offset by upgrades, recoveries and write-offs;
2. gross non performing assets remained stable and credit cost was contained at 1.6%;
3. retail/small and medium enterprise mix improved 200 basis points q-o-q to 53%;
4. current account and savings account improved 130bps to 27.4%.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR