Yes Bank declines in volatile trade after announcing Q4 results

Yes Bank declined 0.69% to Rs 778.40 at 14:00 IST on BSE after the bank's ratio of net non-performing assets to net advances stood at 0.12% as on 31 March 2015, compared with 0.1% as on 31 December 2014 and 0.05% as on 31 March 2014.

The result was announced during market hours today, 22 April 2015.

Meanwhile, the BSE Sensex was down 249.11 points, or 0.9%, to 27,426.93.

On BSE, so far 6.62 lakh shares were traded in the counter, compared with an average volume of 3.62 lakh shares in the past one quarter.

At the day's high of Rs 801, the stock rose 2.09%. At the day's low of Rs 776.60, the stock fell 1.01%. The stock had hit a record high of Rs 910 on 4 March 2015. The stock had hit a 52-week low of Rs 418 on 21 April 2014.

The stock had underperformed the market over the past one month till 21 April 2015, falling 5.73% compared with 2.07% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 8.25% as against Sensex's 4.2% decline.

The large-cap private bank has an equity capital of Rs 417.74 crore. Face value per share is Rs 10.

Yes Bank's net profit rose 28.07% to Rs 550.99 crore on 22.07% rise in total income to Rs 3678.83 crore in Q4 March 2015 over Q4 March 2014. Yes Bank's net interest income rose 35.8% to Rs 977.10 crore in Q4 March 2015 over Q4 March 2014.

The bank's ratio of gross NPAs to gross advances stood at 0.41% as on 31 March 2015, compared with 0.42% as on 31 December 2014 and 0.31% as on 31 March 2014.

Total restructured advances stand at Rs 381.9 crore as at 31 March 2015. This represents 0.5% of the gross advances.

Provisions and contingencies rose 74.82% to Rs 126.40 crore in Q4 March 2015 over Q4 March 2014. The provisioning coverage ratio as on 31 March 2015 stood at 72%. The increase in provision is driven by step up in the excess standard provision to the extent of Rs 50.7 crore in Q4 March 2015. The bank thus continues to maintain this provisioning of 0.5% of advances despite robust growth.

The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 15.6% as on 31 March 2015, compared with 15.5% as on 31 December 2014 and 14.4% as on 31 March 2014.

During Q4 March 20155, the bank maintained monthly average liquidity coverage ratio of 80.3% which is well above the regulatory requirement of 60%

Total Advances grew by 35.8% to Rs 75549.80 crore as at 31 March 2015. Corporate Banking accounted for 64.7% of the advances portfolio. Retail Banking (including MSME)/Business Banking accounted for 35.3% as on 31 March 2015, a robust increase from 31.3% over Q3 December 2014.

Current and Savings Account (CASA) deposits grew by 29.0% to Rs 21079 crore taking the CASA ratio to 23.1% as at 31 March 2015 up from 22.0% as at 31 March 2014.

Yes Bank said that the board of directors of the bank at its meeting held today, 22 April 2015, inter alia, have recommended the payment of final dividend of Rs 9 per share for the year ended 31 March 2015 (FY 2015).

Yes Bank said that the board of directors of the bank at its meeting held today, 22 April 2015, inter alia, have empowered the Capital Raising Committee, a sub Committee of the board, to raise funds by way of issuance of equity capital up to $1 billion in one or more tranches on such terms and conditions as it may deem fit. The issuance may be by way of qualified institutions placement (QIP) or any other international offering like global depository receipts (GDRs)/American depository receipts (ADRs), or by any other appropriate mode as decided by the Capital Raising Committee.

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