YES BANK Q2 Financial Results 2020-21

Key updates of Q2FY21

·         Deposit mobilization continues; at INR 1,35,815 Crores grew 15.7% q-o-q and 28.9% over 6 month period. CD ratio further improved to ~123%; ~1.5 Lac CASA Accounts opened during the quarter, greater than pre-COVID levels

·         Full repayment of RBI special liquidity facility of INR 50,000 Crores

·         Sustained momentum in Operating Profits at INR 1,360 Crores, up 18.6% q-o-q

·         C/I ratio 49.3%; lowest in last 5 quarters

·         Total Covid related provisioning stepped up to INR 1,918 Crores (1.15% of advances)

·         Credit Rating upgrades from Moody’s, CRISIL, India Ratings and ICRA

·         Continued Leadership in Technology: UPI: #1 in P2M transactions, ~37% vol. market share, IMPS: #1 Remitter Bank*

·         Launch of next generation digital products: YES ONLINE, Video KYC, Loan in Seconds, WhatsApp Banking

 Financial Highlights

·         Net Profit at INR 129 Crores for Q2FY21 up 2.8x q-o-q as compared to loss of INR 600 Crores in Q2FY20

·         Net Interest Income at INR 1,973 Crores grew 3.4% q-o-q aided by higher NIMs at 3.1% up ~10 bps q-o-q

·         Non-Interest income for Q2FY21 at INR 707 Crores, grew 13.9% q-o-q. Strong bounce back seen across transactional and granular fee streams

·         Operating expenses declined 4.5% q-o-q and 21.1% y-o-y to INR 1,320 Crores

·         Total step up in provisioning of ~ INR 1,600 Crores; consists of INR 1,038 Crores towards Covid19 related provisioning and balance predominantly towards Non-Performing Investments

·         Net Advances at INR 1,66,923 Crores grew 1.5% q-o-q; Strong pickup in retail disbursements at INR 3,764 Crores, up from INR 424 Crores last quarter.

·         Liquidity Coverage Ratio as on September 30, 2020 at 107.3%

·         Capital position: CET I ratio at 13.5%, Total CRAR at 19.9%

·         Asset quality parameters as of September 30, 2020:

o    PCR improves to 75.7% vs. 75.1% last quarter; including technical write-offs PCR at ~80%

o    GNPA of 16.9% (vs. 17.3% last quarter)

o    NNPA of 4.71% (vs. 4.96% last quarter)

ICICI Home Finance introduces special

ICICI Home Finance introduces special FD scheme for senior citizens

ICICI Home Finance (ICICI HFC) is offering a special FD scheme for senior citizens with competitive interest rates of 6.55%, 6.70%, and 6.75% per annum for the tenures of 30,45 and 65 months respectively for deposits less than INR 2 crores. The current FD interest rates have been reduced by 55 basis points from the previous rates, effective July 31^st 2020.

Senior Citizens can invest in these longer tenures to get regular monthly income.

For example: Mr. Kumar making a deposit of 10 lakhs for a tenure of 65 months will earn monthly income of INR 5458*.

Deposits offered by ICICI HFC enjoy the highest credit rating from CRISIL, ICRA & CARE.

Deposits can also be made by the general public with competitive interest rates of 6.30%, 6.45%, and 6.50% per annum for the tenures of 30,45 and 65 months respectively for deposits less than INR 2 crores.

It is simple to open an ICICI HFC Fixed Deposit, as one can visit www.icicihfc.com/fixed-deposit and apply online from the comfort of your home. Just click “Apply FD” link on the website, follow the easy online application process and start earning via high interest in no time.