Yes Bank Q4FY18 Concall Summary

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Financial Highlights

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  • The total assets crossed Rs 3 trillion mark in the Q4
  • Both total deposits and total loan crossed INR 2 trillion mark
  • International banking asset clocked the level of $2.8 billion which they have booked in the GIFT CITY
  • The NPA of the bank improved to 1.28% as compared to 1.72% in the quarter ended in last December
  • The net credit cost for the year was curtailed to 76 basis point even when the overall market expectations stood somewhere between 100 to 120 basis point
  • The guidance for the net credit cost for the coming fiscal is set somewhere between 50 to 70 basis points
  • The dividend payout ratio to remain at 17.7% 
  • Net profit recorded an increase of 29% in Q4 to reach the figure of INR 11794 million and for the whole FY the net profit grew by26.9% 
  • Net interest income showed an improvement of 31.4% over the preceding quarter and on YoY basis it grew by 33.5%
  • Income from non-interest services increased to INR 14210 million with an improvement of 13% over the preceding quarter
  • Cost to income ratio for the whole year improved by 1.2% to remain at 40.2% in comparison to the last fiscal year
  • ROA for the year stood at 1.6% and ROE for the year stood at 17.7% 
  • Total assets of the bank grew by 45.3% in the year to surpass the 3 trillion mark
  • Offshore assets through International Business Unit of the bank grew by 166% YoY
  • With a sequential growth of 90% and YoY of 54.1% the corporate business across the eight relationships groups stood 67.9% at the end of the Q4
  • Bank was able to maintain a healthy capital adequacy ratio of 18.4%
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  • Yes bank has been ranked overall #2 by the Ministry of Electronics and Information Technology across all bank segments
  • German Agency OEKOM research awarded YES bank the prime status which made it the only Indian bank to receive such a recognition


  • Funds through perpetual bonds of Rs 54.15 billion and Rs 70 billion of Tier-II bonds were raised

Risk Weighted Assets

  • Total risk weighted assets of the bank stood at INR 2.55 trillion
  • The ratio of the RWA to the total assets improved by 5% in the year
  • Bank has target of bringing the RWA to the total assets to 70%


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  • Sequential improvement in NPA from 0.93% to 0.64%
  • The PCR coverage at present is 50% with an improvement of 3.6% from the December
  • The Bank has set a target to raise the PCR to 60% by September

Asset Quality Composition

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  • Portfolio of the security receipts improved from 1.06% to 0.92% sequentially from December
  • Out of total outstanding security receipts of INR 18.8 billion recovery of 35-40% is expected in the FY 2018-19


  • YES Bank has exposure to only two accounts out 12 as listed by the RBI, and only accounted for 0.16% of the total advances
  • The provisioning coverage on the two accounts remains at 50%
  • In NCLT-II YES bank has exposure to the 7 bank accounts out of 28
  • Total loan amount for 7 accounts stood at Rs 6.5 billion with three major accounts amounting to Rs 5.7 billion
  • The provisioning coverage on 7 accounts remains at 43% 

Corporate Portfolio

  • The overall value of the corporate advances stood at 67.9% of the total advances
  • The sensitive sectors as classified by the bank are energy and power sector, Iron and steel, Telecom and gems and jewelry
  • 80% of the corporate portfolio has been rated A

Infrastructure and HR Resources

  • Bank has a total of 1100 branches and ATM network of 1724
  • Total headcount of the human resources stood at 18238
  • In order to improve the service levels, quality assurances and turnaround time back-office operations of the bank would be shifted to 700000 sq.ft. centralized center in Chennai


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