Yes Bank , one of India's prominent private sector banks, has reported a notable increase in both its loan portfolio and deposit base for September, indicating a steady growth trajectory for the financial institution. Additionally, the bank has partnered with Razorpay to introduce a groundbreaking biometric card authentication system.

Loan Growth

Yes Bank's loan book expanded to ₹2.50 trillion in September, marking a significant increase from ₹2.35 trillion in the previous year. This growth of approximately 6.38% year-over-year demonstrates the bank's continued focus on expanding its lending activities.

Deposit Expansion

Alongside the growth in loans, Yes Bank also witnessed an uptick in its deposit base. The bank's deposits reached ₹2.96 trillion, up from ₹2.80 trillion in the same period last year, representing a 5.71% increase.

Key Metrics Comparison

To better illustrate the bank's performance, here's a comparison of the key metrics:

Analysis

The growth in both loans and deposits is a positive indicator for Yes Bank, suggesting improved business activity and customer confidence. The loan growth outpacing deposit growth might indicate the bank's aggressive lending strategy or improved demand for credit in the market.

It's important to note that while these figures show progress, a more comprehensive analysis would require additional information such as the bank's asset quality, net interest margins, and overall profitability metrics.

Yes Bank's ability to grow its loan book and deposit base simultaneously is crucial for maintaining a healthy balance sheet and supporting future growth. As the banking sector continues to evolve, Yes Bank's performance in these key areas will be closely watched by investors and industry analysts alike.

Innovative Biometric Card Authentication System

In a significant technological advancement, Yes Bank has partnered with Razorpay to launch India's first biometric card authentication system that complies with Reserve Bank of India guidelines. This cutting-edge system utilizes facial recognition technology to verify online card payments, replacing traditional two-factor authentication methods such as PINs and SMS OTPs.

The newly introduced Access Control Server integrates biometric verification with AI-powered risk checks and boasts an impressive capacity to process up to 10,000 transactions per second. This launch addresses critical payment challenges in the industry, as OTP-related issues currently account for approximately 35% of transaction failures. Moreover, with digital payment fraud resulting in losses exceeding ₹520 crore, this system aims to provide enhanced security while offering real-time fraud monitoring and faster transaction approvals.

This innovative solution not only positions Yes Bank at the forefront of secure digital banking but also demonstrates the bank's commitment to improving customer experience and tackling fraud in the rapidly evolving digital payment landscape.

Yes Bank , one of India's leading private sector banks, has released its provisional financial metrics for the quarter ended September 30, showcasing strong growth across key parameters.

Loan Portfolio Expansion

Yes Bank reported a significant increase in its loan book, with loans and advances growing by 3.9% quarter-over-quarter to ₹250,468.00 crores. This represents a solid 6.5% year-over-year growth from ₹235,117.00 crores in the same quarter of the previous year.

Deposit Growth and CASA Improvement

The bank's deposit base also showed robust growth:

• Total deposits increased by 7.6% quarterly to ₹296,831.00 crores, up 7.1% from ₹277,214.00 crores year-over-year.
• CASA (Current Account Savings Account) deposits rose impressively by 11.0% quarter-over-quarter to ₹100,263.00 crores, marking a 13.2% increase from ₹88,601.00 crores in the year-ago period.
• The CASA ratio improved to 33.8%, up from 32.8% in the previous quarter and 32.0% in the corresponding quarter last year.

Key Financial Ratios

Yes Bank's financial ratios reflect its prudent management and strong liquidity position:

Additional Highlights

• The bank reported the issuance of Certificates of Deposits (CDs) amounting to ₹987.00 crores, a new addition compared to the previous quarter.
• The average Quarterly LCR on a consolidated basis stood at 125.10%, ensuring strong liquidity management.

It's important to note that these figures are provisional and subject to approval by the Audit Committee of the Board, the Board of Directors, and a limited review by the bank's statutory auditors.

The robust growth in loans, deposits, and the improved CASA ratio indicate Yes Bank's strengthening market position and customer trust. The bank's focus on maintaining a healthy balance between growth and liquidity is evident from its financial metrics for the quarter.