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News Topical, Digital Desk : Today, Saturday 19th July is a very important day for the banking sector when many banks are going to present their quarterly results, including Yes Bank. Before the results on Friday, banking stocks saw a decline, although Yes Bank closed in the green. Today the market will look for signs of bank growth in the numbers, along with this the market will also focus on margin and asset quality figures. The effect of these results can now be seen in Monday's session.
After the results of Axis Bank, the market
will keep an eye on the asset quality and slippages of the bank. These figures of Axis Bank had increased the concern of the market, due to which there was pressure on the stock as well. Now the market will see on the basis of the results of other banks whether the issue of asset quality and growth is limited to select banks or it has an impact on the entire sector. Along with this, the market will also try to find further signals from the results. This includes signals of demand and margins. How was the business performance? The bank has recently shared the business updates of the quarter. There has been further slowdown in the loan growth of the bank and the growth has come down even below the level of March, which was already at the lowest level in 7 quarters. In this quarter, the bank's advances grew only 5.1% compared to last year and fell by 2% compared to the previous quarter to reach 2.41 lakh crores. At the same time, deposits increased by 4% year-on-year to ₹ 2.75 lakh crores, but decreased by 3% from the March quarter. Yes Bank's credit-deposit ratio stood at 87.5% at the end of the June quarter, compared to 86.5% in March and 86.6% in June last year. Liquidity coverage ratio (LCR) increased to 135.7% in this quarter from 125% in the previous quarter and 137.8% in the previous year. The bank's slippage ratio was the lowest in the last 10 quarters this quarter, while net interest margin (NIM) reached the highest level in the last eight quarters.
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