Bank loans

Yes Bank loans increase by 14% at the end of June; RBL Bank up 7%

Yes Bank said on Tuesday that its loans and advances increased by 14% to 1,86,598 crore rupees at the end of June 2022, from 1,63,654 crore rupees at the end of June 2021.

Gross retail disbursements in the quarter more than doubled to Rs 11,431 crore from Rs 5,006 crore as of June 30, 2021, Yes Bank said in a regulatory filing.

The bank’s deposits increased by 18.3% to Rs 1,93,241 crore as of June 30, 2022, from Rs 1,63,295 crore at the end of June 2021. Deposits, however, decreased by 2% from Rs 197,192 crore as of March 31, 2022.

In deposits, daily average deposit balances in the first quarter of FY23 increased 4.4% sequentially on the back of a 9.2% sequential growth in CASA average daily balances, Yes Bank said.

Among other data, the bank’s credit-to-deposit ratio stood at 96.6% at the end of the first quarter of FY23. It was 100.2% at June 30, 2021.

The private sector lender said the data provided is preliminary and released ahead of the formal announcement of financial results for the quarter ended June 30, 2022, which is subject to approval by the Board’s Audit Committee, of the board of directors and a limited review. by the auditors.

Another private sector lender, RBL Bank, in a separate filing, said its total deposits rose 6% year-on-year to Rs 79,217 crore at the end of the first quarter of FY23.

Gross advances increased by 7% to Rs 62,095 crore.

“Retail advances decreased 5% year-over-year and 3% sequentially, while wholesale advances increased 22% year-over-year and 4% sequentially for the three months ended June 30, 2022. 51 :49,” RBL Bank said in a regulatory filing.

He said the bank’s asset quality metrics on the portfolio continue to improve in the first quarter of FY23, consistent with the improving trend of recent quarters.

RBL Bank said the data is preliminary and released ahead of the official Q1FY23 financial results announcement.

Shares of Yes Bank ended down 0.16% at Rs 12.65 each on BSE while RBL Bank closed at Rs 81.40, down 6.81%.

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