YES BANK, India’s fifth largest private sector Bank, is the
outcome of the professional & entrepreneurial commitment of its Founder
Rana Kapoor and his top management team, to establish a high quality, customer
centric, service driven, private Indian Bank catering to the Future
Businesses of India. YES BANK has adopted international best practices, the
highest standards of service quality and operational excellence, and offers
comprehensive banking and financial solutions to all its valued customers.
YES BANK has a knowledge
driven approach to banking, and a superior customer experience for its retail,
corporate and commercial banking clients. YES BANK is steadily evolving its HR
character as the Professionals’ Bank of India, with the unrelenting vision of
“Building the Finest Quality Bank of the World in India” by 2020.
Few of the highlights of YES Bank's Awards & Recognition in the year 2016:
§
YES Bank has been adjudged as Asia’s Best Bank for Corporate Social
Responsibility at the Euromoney
Excellence Awards 2016 held in Hong Kong.
§
YES BANK won 2 awards at The Asset Triple A Asia Infrastructure
Awards 2016, Hong Kong:
o
Best
Energy/Renewable Energy Deal – Solar, India for Porbandar Solar Power `
126
Crores non-convertible debentures, in which
YES BANK acted as sole
underwriter.
o
Best Green
Bond Facility within highly commended category in India, for IFC’s `
315 Crores green
infrastructure bonds on the back of YES BANK’s domestic green
bond issuance
§
YES BANK made its maiden entry into the Forbes Global 2000 List of World’s Top
Companies 2016. YES BANK was the youngest Indian Company on the Forbes 2000
List and also one of the youngest Banks in the World on this prestigious list.
§
YES BANK was recognized among India’s Best BFSI Brands by Economic Times Best BFSI Brands 2016
§
YES BANK received multiple awards at The Asian Banker Awards 2016:
o
Best Trade Finance Bank in India
o
Best Corporate Payments Project in India
for API Banking implementation for Snapdeal, one of India’s leading e-commerce
players
§
YES BANK received the Best Bank (midsized) Award for Cyber Defence from RBI Governor Dr.
Raghuram Rajan at the IDRBT Banking Technology
Excellence Awards 2016
§
Mr. Rana Kapoor, MD & CEO was felicitated
by the London Business School (LBS) India Business Forum 2016 for Exemplary
Contribution to Entrepreneurship & Innovation
Commenting on the
results and financial performance, Mr. Rana Kapoor, Managing Director &
CEO, YES BANK said at the meeting held at Mumbai on July 27, 2016, “YES BANK has delivered
another highly satisfactory quarter of financial performance reflected in
strong & quality growth, sustained profitability and continued resilience in
asset quality.
The
Bank continues to witness a robust CASA growth with the CASA ratio improving to
a healthy 29.6% from 23.4% a year ago demonstrating significant momentum in the
underlying Retail franchise platforms, as well as ongoing mandate in several corporate
relationship groups. Further, YES BANK has received an in-principle approval
from the Securities & Exchange Board of India (SEBI) to setup an Asset
Management Company (AMC) which will further
deepen our value proposition for our retail customers.
Given the
improving macroeconomic environment along with stable Asset quality and
accelerating Retail franchise, the Bank is well poised to capture Market share
across Retail and Corporate segments at an enhanced pace.”
The Q1FY17
Performance highlights are as follows.
Profit & Loss Account
§ Net Interest Income (NII): NII for
Q1FY17 increased by 24.2% y-o-y to INR 1,316.6 Crores on
account of strong growth in advances and CASA deposits. Net interest Margin
(NIM) at 3.4% for Q1FY17 up from 3.3% for Q1FY16.
§ Non Interest Income: Non
Interest Income increased by 65.2% y-o-y to INR 900.5 Crores
in Q1FY17.
§
Total Net Income:
Total Net Income
increased by 38.1% y-o-y to INR 2,217.1 Crores in Q1FY17.
§ Operating and Net profit: Operating
profit for Q1FY17 increased by 43.9% y-o-y to INR 1,306.8 Crores.
Net Profit in Q1FY17 was up 32.8% y-o-y
to INR 731.8 Crores.
§ Shareholders’
Returns: The
Bank delivered RoA of 1.7% and RoE
of 20.7% for Q1FY17.
Balance
Sheet
§ Deposits: Total Deposits grew
by 28.6% y-o-y to INR 1,22,581.1 Crores as at June 30, 2016. The Bank’s Total Assets grew by 27.5% y-o-y to INR 1,77,228.9 Crores as at June 30, 2016.
The Bank’s CD ratio stood at 86.4%
as at June 30, 2016.
Current and Savings
Account (CASA) deposits grew by 63.0% y-o-y to INR 36,288.3
Crores increasing
the CASA ratio to 29.6% as
at June 30, 2016 up from 23.4% as at June 30, 2015.
Further, SA deposits grew by 81.6% y-o-y to INR
25,186.5 Crores from
INR 13,867.4 Crores as at June 30,
2015.
Advances: Total Advances grew by 33.0% y-o-y to INR 105,942.0 Crores as at June 30, 2016. Corporate Banking accounted for 67.5% of the Advances portfolio, while Retail & Business Banking (MSME) constituted 32.5%.
Business Segment
|
As on Jun 31, 2016
|
As on Jun 30, 2015
|
A) Corporate Banking
|
67.5%
|
68.0%
|
(8 segmental relationship groups)
| ||
B) Retail & Business Banking
|
32.5%
|
32.0%
|
of which:
| ||
i) Business Banking (Medium Enterprises)
|
11.0%
|
14.1%
|
ii) Micro & Small Enterprises
|
12.1%
|
10.6%
|
iii) Consumer Banking (Urban and Rural)
|
9.4%
|
7.3%
|
Total
|
100.0%
|
100.0%
|
Asset Quality
Bank
continues to show resilience on all Asset Quality parameters:
1.
NPA –
Credit Costs at 15 bps for Q1FY17
Gross
Non Performing Advances (GNPA) as a proportion of Gross Advances was at 0.79%
(INR 844.6 Crores) while Net Non Performing Advances (NNPA) as a proportion of Net advances was stable at 0.29% (INR 302.4 Crores) as at June 30, 2016. Bank’s specific loan loss Provision Coverage was at 64.2% as at June 30, 2016.
(INR 844.6 Crores) while Net Non Performing Advances (NNPA) as a proportion of Net advances was stable at 0.29% (INR 302.4 Crores) as at June 30, 2016. Bank’s specific loan loss Provision Coverage was at 64.2% as at June 30, 2016.
2.
Standard
Restructured at 0.49% (down
from 0.71% y-o-y)
No additional
restructuring during the quarter.
The
total Standard Restructured Advances as a proportion of Gross Advances was at 0.49%
(INR 522.9 Crores) as at June 30, 2016, down from 0.71% (INR 567.1 Crores) as at June 30, 2015.
(INR 522.9 Crores) as at June 30, 2016, down from 0.71% (INR 567.1 Crores) as at June 30, 2015.
The
restructured loans have been performing in line with expectations and the Bank
does not anticipate any material slippages in this book.
3.
Security
Receipts at 0.19% (down from 0.28% y-o-y)
No
sale to ARC during the quarter.
Net
Security Receipts (SRs) stood at 0.19%
of Gross Advances (INR 199.4 Crores, comprising
10 borrowers) as on June 30, 2016, down from INR 221.0
Crores (0.28% of Gross Advances) as on June 30, 2015.
4.
Standard
SDR Advance – Single SDR of only 0.03%
outstanding exposure
During the quarter
bank had one instance of Standard asset Strategic Debt Restructuring with an outstanding
exposure of only 0.03% (INR
34.3 Crores) to Gross Advances
as on June 30, 2016.
5.
5:25
Refinancing – ‘No 5:25 Refinancing during
the quarter’
6. Rating Profile - Bank’s
Corporate Exposures continue to remain well rated with over 75% portfolio rated ‘A’ or better. (Based on Internal
ratings mapped to external ratings)
§ Capital Funds (including profits,
excluding prorated dividend): As per Basel III, Tier I
Capital of
INR 14,825.6 Crores stood at 10.3%, and total CRAR stood at 15.5% as at June 30, 2016. Total Capital funds are at INR 22,394.3 Crores as at June 30, 2016.
INR 14,825.6 Crores stood at 10.3%, and total CRAR stood at 15.5% as at June 30, 2016. Total Capital funds are at INR 22,394.3 Crores as at June 30, 2016.
Risk
Weighted Assets stood at INR 1,44,252.6 Crores
as at June
30, 2016. RWA to Total Assets at 81.4%
as on June 30, 2016 against 81.0% as on June 30, 2015.
§ Liquidity
Coverage Ratio: During Q1FY17, the Bank continued with the LCR maintenance
at well above 70% regulatory requirement with monthly average Liquidity
Coverage ratio of 83.1%, reflecting
a healthy liquidity position.
YES Bank Credit Rating Profile
§ Bank continues to maintain strong credit
ratings across International and Domestic Rating agencies.
§ Moody’s has reaffirmed Long-term
international rating of Baa3 which is in line with the Sovereign Rating of
India.
§ Domestic Rating agencies (ICRA & CARE)
have Long-Term rating of AA+ for the Bank’s Basel III compliant Tier II
instruments as well as for Infrastructure Bonds.
Social Media
§ According
to the recent ranking by The Financial Brand publication, YES BANK is ranked
amongst the Top 5 Global Bank Brands
on Social Media.
§ As
per the same report, YES BANK is the Highest followed Global Bank Brand on Twitter with over 1 million followers,
and also the Fastest Growing Global Bank Brand on Facebook with more than 3.5 million Page Likes.
§ YES
BANK is also the Highest Followed Bank Brand on Instagram in India with over 2
lakh followers.
§ YES BANK is the 1st
Bank in India to launch ‘Facebook at Work’ to
its workforce & have achieved 100% registration across over 16,000
employees.
Digital Banking
YES
Bank continues investing significantly in new-age mediums and digital
technologies to achieve a heightened customer engagement and experience. Some
of the Bank’s key digital initiatives revolutionizing payments ecosphere are as
follows:
Ø YES Money program: One of the largest Domestic
Remittance program encompassing over 5.1 million customers with a cumulative
transaction throughput of INR 13,000 Crores.
Ø Over 2.4 million YES Bank co-branded Virtual prepaid Cards issued
on the MasterCard platform since launch in January 2016, the ‘largest virtual prepaid
card’ program in the world.
Ø Over 34 million YES Bank powered Freecharge Wallets issued since
launch in September 2015.
Ø Launched ‘QR Code’ based Proximity Payments in collaboration with
Click & Pay.
Expansion & Knowledge Initiatives
§ Total headcount stands at 16,421
as at June 30, 2016, an increase of 1,421 employees in the quarter and 4,878
incremental employees since June 30. 2015.
§
The Bank’s branch network stood
at 900 branches as on June 30, 2016, an addition of 40 branches in the quarter. Total ATM network
stands at 1,680 as on June 30, 2016, of which 428 are Bunch Note Acceptors
(BNA)/Recyclers.
§ YES BANK has received RBI approval post
approval from the CCEA (Govt. of India) to raise its Foreign Investment Limit to 74%. This has made YES BANK the
FIRST Bank in India to have an operational fully fungible
composite foreign ownership limit of 74%
§ YES BANK has received an
in-principle approval from the
Securities & Exchange Board of India (SEBI) to sponsor a Mutual Fund
and to setup an Asset Management Company
(AMC), and a Trustee Company. The AMC and the Trust Company shall be set up as wholly owned
subsidiaries of YES BANK Limited. This is further to the Reserve Bank of India (RBI)
approval for AMC granted to YES BANK in October 2015
§ YES BANK has announced commitment
of INR 250 Crores towards two key focus areas of
livelihood and water security, and
environment sustainability by 2020 through its focused and intensified CSR and
Sustainability action.
§ YES BANK has pledged GBP 1
Million to the London School of Economics and Political Science (LSE)
to support the IG Patel Chair– named in honour of the former
Governor of the Reserve Bank of India and former Director of LSE. The funding
from YES BANK will also support the work of the LSE India Observatory,
which was established in 2007 to continue to develop and enhance research and
programmes related to India's economy, politics and society with a specific
focus on Climate Change and Sustainability.
The
Press Conference of YES Bank’s results will commence at 12:45 pm and we have
invited leading business news channels, newswires and publications to cover the
conference as well as interviews of YES Bank’s management team.
·
YES Bank’s analyst conference call can be
heard at following link, post 10 pm:
