Yes Bank Loan Portfolio Grows 14% in Q1 FY23, RBL Growth at 7%


Listed banks have started announcing provisional balance sheet data for the quarter ending June 30, 2022 (Q1FY23) ahead of the result, with Yes Bank and RBL Bank the latest to follow suit. Yes Bank recorded a 14% increase in its loans and advances, while RBL Bank recorded a 7% increase on an annual basis.

Yes Bank:

In accordance with the regulatory filing, Yes Bank recorded loans and advances of 186,598 crores in Q1FY23 vs. 163,654 crore – recording a growth of 14%. Its gross retail spend more than doubled to 11,431 crore against 5,006 crore in Q1FY22.

Loans and advances jumped 3.1% 181,052 crore in Q4FY22. Retail disbursements were at 10,201 crores in the fourth quarter of FY22.

Total deposits amount to 193,241 crores in Q1FY23, jumping 18.3% from 163,295 crores in Q1FY22, however, down 2% from 197,192 crores in Q4FY22.

The CASA ratio improved to 31.6% in Q1FY23 from 28.1% in Q1FY22, but remained stable from 31.8% in Q4FY22.

“With respect to deposits, Q1FY23 daily average deposit balances increased 4.4% sequentially on the back of 9.2% sequential growth in CASA average daily balances,” Yes Bank said in its filing.

On BSE, Yes Bank shares ended flat at 12.65 each.

RBL Bank:

RBL Bank recorded 7% growth in gross advances to 62,095 crores in Q1FY23 vs. 58,301 crore in Q1FY22. However, the loan portfolio remained stable compared to 61,944 crore in Q4FY22.

In its regulatory filing, RBL Bank said retail advances were down 5% year-on-year and 3% sequentially, while wholesale advances were up 22% year-on-year and 4% sequentially. sequential for the quarter ended June 30, 2022. The mix of retail: wholesale advances was approximately 51:49.

The bank’s total deposits rose 6% to reach 79,217 crores in Q1FY23 from 74,471 crores in Q1FY22, however, flat against 79,007 crore from T4FY22.

The CASA ratio was better at 36% in the first quarter of FY23 compared to 33.7% in the first quarter of FY22 and 35.3% in the fourth quarter of FY22.

Portfolio asset quality metrics continue to improve in the first quarter of FY23, consistent with the improving trend of recent quarters, RBL Bank said.

On BSE, RBL Bank shares closed at 81.40 each down 6.81%.

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