Yes Bank shares flat after Q1 update

New Delhi: Shares of were trading flat after the private lender provided the update on its performance for the quarter ended on June 30, 2021, in a regulatory filing.

The numbers highlighted the impact of the second wave on the banking industry could be worse than expected. The restrictions on mobility and business during the second wave were less stringent than those during the nationwide lockdown.

The loans and advances showed a degrwth of 1.8 per cent on quarter-on-quarter basis (QoQ) 1to Rs 1,63,914 crore from Rs 1,66,893 crore in the March 2021 quarter. The loans in June 2020 were Rs 1,64,510 crore.

Shares of Yes Bank were trading marginally lower at Rs 13.54 on Monday. BSE Sensex was trading 380.19 points or 0.72 per cent at 52,864.86 at the time of writing this report. The counter had settled at Rs 13.56 on Friday.

Credit to deposit ratio slipped to 100.4 per cent the recent quarter, which was 102.4 per cent in the March 2020 quarter. The ratio was at 140.2 per cent during the same quarter previous year.

Shares of Yes Bank have been a disappointment for the investors. The beleaguered lender is down up to 25 per cent in the 2021 so far and has eroded almost half the wealth of investors in the last one year.

Liquidity coverage ratio stood at 118.4 per cent in the June 2020 quarter against 122.3 per cent in the preceding quarter. However, CASA ratio increased to 28.1 per cent, against 27.3 per cent on a QoQ basis.