Nirmal Bang: Yes Bank’s Trends Improving But Return On Assets Target Overstated
A customer exits a Yes Bank Ltd. branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Nirmal Bang: Yes Bank’s Trends Improving But Return On Assets Target Overstated

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 value terms) were largely unchanged at Rs 323.4 billion, forming 16.9% of the total advances.

Click on the attachment to read the full report:

Nirmal Bang Yes Bank-Q2FY21 Result Update- 26 October 2020.pdf


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 brokerage and do not represent the views of BloombergQuint.

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