CRISIL upgrades YES Bank's certificates of deposit from 'A2' to 'A2+'

YES Bank's total deposits increased to Rs 1.17 trillion (including CD) as on June 30 from Rs 1.05 trillion as on March 31

Rating agency CRISIL has upgraded its rating on YES Bank’s certificates of deposit (CD) from ‘A2’ to ‘A2+’ in view of an improvement in the bank’s funding and liquidity profile. This has been possible due to a gradual increase in its deposit base, as well as the sizeable capital it raised recently.
 
The private-sector lender repaid – ahead of the earlier plan – Rs 35,000 crore of the Rs 50,000 crore it had availed of under the Reserve Bank of India’s (RBI’s) special liquidity facility in March 2020. Further, the bank's liquidity coverage ratio (LCR) has improved in recent