Bank loans

Yes Bank loans increased by 14% at the end of June

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

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

The bank’s deposits increased by 18.3% to ₹1,93,241 crore as of June 30, 2022, from ₹1,63,295 crore at the end of June 2021. Deposits, however, decreased by 2% from ₹1,97,192 crore as of March 31, 2022.

In deposits, daily average deposit balances in Q1FY23 increased 4.4% sequentially on the back of 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, the Board of administration and 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 ₹79,217 crore at the end of the first quarter of FY23.

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

“Retail advances were down 5% year-over-year and 3% sequentially, while wholesale advances were up 22% year-over-year and 4% sequentially for the quarter ended June 30, 2022,” 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 ₹12.65 each on BSE while RBL Bank closed at ₹81.40, down 6.81%.