Mumbai-based Yes Bank presented its third-quarter earnings for FY23, today. The bank posted a PAT of Rs 51.52 crore in October-December quarter of FY23 as against Rs 266.43 crore in the same quarter last year, registering a decline of 80.66%. Also, PAT dropped by 66.28% compared to Rs 152.82 crore in the preceding quarter. During the quarter, net interest income (NII) came in at Rs 1,971 crore up by 11.7% YoY but marginally down by 1% QoQ. Net interest margin (NIM) expanded by 10 bps YoY to 2.5% in October-December quarter of FY23, however, was down by 10 bps QoQ.

The lender sustained improvements in NPA ratios during December quarter. The bank’s gross NPA dropped by 12.63% to 2.02% in October-December quarter of FY23 compared to 14.65% in December quarter of FY23. Also, gross NPA contracted by 10.87% compared to 12.89% in September quarter of FY23. Net NPA also declined sharply to 1.03% in 

October-December quarter of FY23 versus 5.29% in October-December quarter of FY22 and 3.60% in July-September of FY23.

Also, in value terms, gross NPA fell to Rs 3,903.68 crore in the third quarter of FY23, compared to Rs 28,654.49 crore in December quarter of FY23 and Rs 27,419.11 crore in September quarter of FY23.

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While total deposits scaled up by 15.9% YoY and 6.8% QoQ to Rs 213,608 crore. CASA ratio at 29.9% up 31% in September quarter of FY23 and 30.4% in December quarter of FY23. The bank opened 3.40 lakh CASA accounts in Q3FY23 versus 3.31 lakh in September quarter of FY23.

The average liquidity coverage ratio of the banks stood healthy at 113.3% in December quarter of of FY23.