rewrite this title and make it good for SEOYES Bank’s Q3 advances grow 12.6% to Rs 2.45 lakh crore, deposits up 14.6%

Private sector lender Yes Bank on Friday said its loans and advances rose by 12.6% year-on-year (YoY) to Rs 2,45,035 crore as of December 31, 2024, from Rs 2,17,523 crore in the previous corresponding year. Quarter-on-quarter (QoQ), loans grew by 4.2% from Rs 2,35,117 crore on September 30, 2024.

Deposits grew by 14.6% on a YoY basis to Rs 2,77,199 crore from Rs 2,41,831 crore a year ago. On a QoQ basis, deposits remained flat, compared to Rs 2,77,214 crore at the end of September 2024.

CASA (Current and Savings Account) deposits surged by 27.6% on a YoY basis to Rs 91,575 crore in December 2024, up from Rs 71,749 crore in December 2023. On a QoQ basis, CASA deposits rose by 3.4%, up from Rs 88,601 crore in September 2024. The CASA ratio improved to 33%, higher than 32% in the previous quarter and 29.7% in the same period last year.

The bank’s Credit to Deposit Ratio (CDR) was at 88.4% in December 2024, slightly below the 89.9% recorded in December 2023. However, the CDR improved from 84.8% in the previous quarter. The Liquidity Coverage Ratio (LCR) rose to 133.2%, significantly higher than 118.4% in the same quarter last year and up from 132.0% in the preceding quarter.

YES Bank shares were trading 1.6% higher on Friday to Rs 19.92 on BSE after the company’s update.In October, the private lender had reported that its net profit for Q2FY25 was up by 10% on a QoQ basis. The operating profit was reported at Rs 975 crore up 21.7% Y-o-Y and 10.2% Q-o-Q.YES Bank’s stock remained nearly unchanged on Thursday, closing at Rs 19.60 on the BSE, compared to its previous close of Rs 19.63. The bank’s market capitalization stood at Rs 61,445 crore. Also read | Nifty 2026 target set at 26,500: Antique Stock Broking lists 4 key themes driving the bull run(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)