Yes Bank Limited · NSE:YESBANK
Yes Bank — Q2 FY24 Earnings Presentation
45 slides from Yes Bank's earnings presentation, Oct 2, 2026
Slide 1: Exchange cover letter: Press Release and Investor Presentation
YBL/CS/2023-24/114 October 21, 2023 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relations Department Plot no. C/1, G Block, P.J. Towers, Dalal Street Bandra - Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai - 400 051 Tel.: 2272 8013/15/58/8307 Tel.: 2659 8235/36
Slide 2: YES Bank Announces Financial Results for Quarter Ended September 30, 2023
October 21, 2023 YES BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2023 Key Highlights ▪ Net Profit for Q2 FY24 at INR 225 Cr grows 47.4% Y-o-Y • Non-Interest Income at INR 1,210 Cr, up 38.4% Y-o-Y and 6.0% Q-o-Q • Provision Costs (non-tax) down 14.1% Y-o-Y ▪ Sustained momentu
Slide 3: Financial Highlights
Financial Highlights Profit and Loss ▪ Q2 FY24 NII at INR 1,925 Cr down 3.3% Y-o-Y ▪ NIM for Q2 FY24 at 2.3% down by nearly 30 bps Y-o-Y and 20 bps Q-o-Q ▪ Q2 FY24 Non-Interest Income at INR 1,210 Cr, up 38.4% Y-o-Y and 6.0% Q-o-Q ▪ Q2 FY24 Operating Expenses at INR 2,334 Cr, up 12.5% Y-o-Y and 0.5%
Slide 4: Asset Quality and Digital Highlights
Asset Quality ▪ (NNPA + net carrying value of SR) as % of Advances at 2.0% in Q2 FY24 v/s. 2.4% in Q1 FY24 • GNPA ratio at 2.0% vs. 12.9% in Q2 FY23 and 2.0% in Q1 FY24 • NNPA ratio at 0.9% vs. 3.6% in Q2 FY23 and 1.0% in Q1 FY24 ▪ Gross Slippages for Q2 FY24 at INR 1,199 Cr v/s. INR 896 Cr in Q2 FY
Slide 5: Financial Highlights from Q2FY24 Results
Financial Highlights from Q2FY24 Results Profit & Loss Statement Highlights (INR Crs) Q2FY24 Q1FY24 Growth % Q2FY23 Growth % Net Interest Income 1,925 2,000 -3.7% 1,991 -3.3% Non Interest Income 1,210 1,141 6.0% 874 38.4% Total Net Income 3,135 3,141 -0.2% 2,866 9.4% Operating Profit/(Loss) 801 818
Slide 6: Investor Presentation Q2FY24 Financial Results
INVESTOR PRESENTATION Q2FY24 Financial Results October 21, 2023 CRH FTSE4Good Ranked highest Included in amongst 34 large SCBs FTSE4Good Index on climate preparedness – Climate Risk Horizons Series study
Slide 7: New Generation, Professionally Run, Private Sector Bank with a Scalable Platform
New Generation, Professionally Run, Private Sector Bank with a Scalable Platform • 6th Largest Private Sector, Universal Bank offering comprehensive suite of product and services via its pan India network of 1,198 branches, 179 BCBO and 1,345+ ATMs in over 300 districts of India New Generation • Acc
Slide 8: Contents
Contents Financial Results Update YES BANK Franchise
Slide 9: Results At a Glance – Q2FY24
Results At a Glance – Q2FY24 All figures in INR Crs Arrows indicative of Y-o-Y Trends Total Assets Advances Total Disbursements1 Deposits CD Ratio Advances Mix Retail & SME: Mid Corp: Corporate 365,223 209,106 28,077 v/s. 234,360 89.2% v/s. 63%:14%:23% 9.2%: Y-o-Y 8.7%: Y-o-Y 24,149 Q2FY23 17.2%: Y-
Slide 10: Highlights for Q2FY24
Highlights for Q2FY24 All-around improvement in Asset Quality: ~40 bps Q-o-Q reduction in (NNPA + net 1 Robust Earnings momentum: Net Profit for Q2FY24 up 47.4% Y-o-Y 2 carrying value of SR) %; Slippages lower Q-o-Q; PCR up Q-o-Q ▪ Net Profit at INR 225 Crs for Q2FY24 up 47.4% YoY ▪ (NNPA + net carr
Slide 11: Profit and Loss Statement
Profit and Loss Statement All figures in INR Crs • Net Profit for Q2FY24 at INR 225 Crs up Quarter Ended Growth Profit and Loss Statement 47.4% Y-o-Y Q2FY24 Q1FY24 Q2FY23 Q-o-Q Y-o-Y Net Interest Income 1,925 2,000 1,991 -3.7% -3.3% • Operating Profit up 1.4% Y-o-Y 1 Non Interest Income 1,210 1,141
Slide 12: Break Up of Non-Interest Income
Break Up of Non-Interest Income All figures in INR Crs • Non-Interest Income at INR 1,210 Crs for Quarter Ended Growth Q2FY24, up 38.4% Y-o-Y, and 6.0% Q-o-Q Break up of Non Interest Income 1 Q2FY24 Q1FY24 Q2FY23 Q-o-Q Y-o-Y • Corporate Trade & Cash Mgmt. fees grew 36.6% Y-o-Y and 15.7% Q-o-Q Non In
Slide 13: Break up of Operating Expenses
Break up of Operating Expenses All figures in INR Crs • Opex for Q2FY24 grew 12.5% Y-o-Y and Quarter Ended Growth 1 0.5% Q-o-Q Breakup of Operating Expenses • Opex / Avg. Assets have been flattish at Q2FY24 Q1FY24 Q2FY23 Q-o-Q Y-o-Y 2.5%-2.6% over last 7 quarters • Business volume linked expenses de
Slide 14: Provisions and P&L
Provisions and P&L All figures in INR Crs • Provision costs for Q2FY24 down by Quarter Ended Growth 9.6% Y-o-Y Break up of Provisions Q2FY24 Q1FY24 Q2FY23 Q-o-Q Y-o-Y • Non-Tax provisions down 14.1% Y-o-Y Operating Profit/(Loss) 801 818 790 -2.1% 1.4% • Gross Slippages for Q2FY24 at INR 1,199 Crs v/
Slide 15: Balance Sheet
Balance Sheet All figures in INR Crs • Balance Sheet grew 9.2% Y-o-Y Balance Sheet 30-Sep-23 30-Jun-23 30-Sep-22 (Q-o-Q) % (Y-o-Y) % • C/D ratio at 89.2% v/s. 96.1% in Assets 365,223 355,754 334,496 2.7% 9.2% Q2FY23 and 91.3% in Q1FY24 Advances 209,106 200,204 192,300 4.4% 8.7% • Advances growth at
Slide 16: Break up of Advances & Deposits
Break up of Advances & Deposits All figures in INR Crs • Sustained Granularization of Balance Q-o-Q Y-o-Y Segmental Break up of Advances 30-Sep-23 30-Jun-23 30-Sep-22 Sheet: Growth (%) Growth (%) • Retail Advances mix at 48.0% Retail 100,441 94,445 78,954 6.3% 27.2% v/s.41.1% in Q2FY23 and 47.2% in
Slide 17: Break up of Investments
Break up of Investments All figures in INR Crs • Total Net Investments at INR 76,204 Crs Investments Breakup • SLR – INR 63,539 Crs • NSLR – INR 12,665 Crs • Standard Performing – INR 7,920 Crs: ~99% Rated AA and above HTM 3% • Security Receipts – INR 2,353 Crs • Others1 – INR 2,392 Crs AFS 10% SLR
Slide 18: NPA Highlights
NPA Highlights All figures in INR Crs • Gross NPA Ratio at 2.0% flat Q-o-Q Asset Quality Parameters 30-Sep-23 30-Jun-23 30-Sep-22 Gross NPA (%) 2.0% 2.0% 12.9% • Gross Slippages for Q2FY24 at INR 1,199 Crs v/s. INR 896 Crs in Q2FY23 Net NPA (%) 0.9% 1.0% 3.6% and INR 1,430 Crs in Q1FY24 Provision Co
Slide 19: Summary of Labelled & Overdue Exposures
Summary of Labelled & Overdue Exposures All figures in INR Crs 30-Sep-23 30-Jun-23 30-Sep-22 • Slippage of INR 55 Crs in Q2FY24 Particulars from Standard Restructured Gross Provisions Gross Provisions Gross Provisions Advances pool of Q4FY23 NPA 4,319 2,434 4,073 1,972 27,419 20,493 Other Non Perfor
Slide 20: CET 1 Ratio at 13.1%
CET 1 Ratio at 13.1% 1 Bank’s Capital Adequacy Ratio 1 17.3% 18.3% 17.3% CET 1 Ratio at 13.1% 4.7% CRAR 4.2% 5.6% TIER II Post full warrant conversion ~110 bps CET 1 to further accrue to CET I ratio 13.1% 13.6% 11.7% 30-Sep-23 30-Jun-23 30-Sep-22 2 RWA to Total Assets trending lower and Risk Adjuste
Slide 21: Contents
Contents Financial Results Update YES BANK Franchise
Slide 22: Retail Bank: Full spectrum retail bank growing with strong momentum
Retail Bank: Full spectrum retail bank growing with strong momentum All figures in INR Crs Strong growth in Retail Advances 1 Highest Ever +27% Y-o-Y. Pan-India presence via 1,198 branches, 179 BC 59% of branches in 91,036 94,445 100,441 78,954 84,262 banking outlets Top 200 deposit and 1,345 ATMs,
Slide 23: Branch Banking: Expanding Footprint, Enhanced Digital CX & Growth in Granular Deposits
Branch Banking: Expanding Footprint, Enhanced Digital CX & Growth in Granular Deposits All figures in INR Crs 1 Branch Network 2 Digital Journeys for seamless Customer Acquisition, Servicing & Cross sell Assisted Digital Branch Count • 93% SA, 85% Sole Proprietor CA opened digitally 1,212 1 • CA dig
Slide 24: Retail Assets: Fast growing diversified book
Retail Assets: Fast growing diversified book All figures in INR Crs 1 Retail asset disbursements momentum continues 2 Diversified retail book1 Home Loans Preferred financier status 12,563 12,705 Personal Loans 5% with leading Auto OEMs 12,132 4% 18% Secured Business Loans 11,283 11,149 Auto Loans 4%
Slide 25: Rural Assets
Rural Assets: Deepen the penetration in emerging rural markets & generate Agri PSL All figures in INR Crs 1 Business originations 2 Robust Farmer financing book & improved collections in Women Microfinance book 1,208 ▪ High quality farmer financing book with NPA of 1.1% 1,050 1,020 1,053 832 ▪ NPA <
Slide 26: SME Banking: Granular book creation with a solution led approach
SME Banking: Granular book creation with a solution led approach All figures in INR Crs 1 Steady growth in funded book 2 Funded and Non-Funded Book composition YoY growth: 26%* (Adjusted for ARC) QoQ Growth: 8% 19% Working Capital & Term Loan 2% Channel Finance 30,979 Commodity Finance 28,899 11% 28
Slide 27: Credit Cards: Strong business growth and enhanced customer experience
Credit Cards: Strong business growth and enhanced customer experience 1 Sustained Strong Growth in Cards, Book Size & Card Spends 2 Growth in Acquisition and Cross sell No of Cards In (‘000s) 1,658 • Steady growth in new card acquisition leading to 28% Y-o-Y growth in customer Book Size in Cr base t
Slide 28: Wholesale Banking: Granularization of incremental lending book
Wholesale Banking: Granularization of incremental lending book All figures in INR Crs 1 Corporate Book & Disbursements – Debulking Continues 2 Providing tailored solutions to clients across business segments Funded O/S Non-Funded O/S Disbursements1 • Team of 185 Relationship Bankers spread across 10
Slide 29: Large Corporates
Large Corporates Focus Sectors Pan India Presence Products • Auto • Metals • Presence in 10 major locations • Working capital Finance, Project Finance, • Chemicals • IT / ITES Supply Chain Finance , FX and Derivatives. • Data Center • Logistics & Warehousing • Delhi • Bengaluru • • • Chennai • Growi
Slide 30: Institutional & Government Banking
Institutional & Government Banking YES BANK’s Institutional & Government Banking Group is divided into 7 segments Anchoring the Wholesale liabilities franchise Cooperative banks, Scheduled commercial banks & DFIs, NBFCs, Indian Financial International International banks, Global MFIs, Insurance, Mut
Slide 31: Mid Corporates
Mid Corporates Knowledge Sectors – Media & Growth led by NTB and X-sell - Entertainment, Gems & Jewellery, ECOM Team higher wallet share and Food & Agri, Pharma, Chemicals, Unicorn and Soonicorn Focus productivity Auto ancillary, Logistics, Metals Initiatives to maintain Bank’s Leadership Position i
Slide 32: Digital & Transaction Banking
Digital & Transaction Banking: Sustainable & Granular Revenues through Digital Payments, Trade Finance & Cash Mgt. STRENGTHENING FRANCHISE 95% of our Corporate CASA is embedded with Digital & 2+ PPI* in Corporates covers 82% CA, 97% CMS Thruput, 70% of all Lending Clients have 2+ TBG & Transaction B
Slide 33: Curated & Expansive Digital Interface
Curated & Expansive Digital Interface Enriched customer experience across all customer segments Yes Online - (Web) Corporate & MSME Banking Revamped, Simplified and Futuristic Revamped, Simplified and Futuristic Net Banking Service Online & Mobility Service Smart Trade & Digital Supply Chain IRIS –
Slide 34: Embedded (Connected) Banking
Embedded (Connected) Banking Digitizing client journeys & creating inorganic client acquisition funnel thru Fintech partnerships Partnership roadmap of Digital & Transaction Banking Source Digital Onboard Digital Transact Digital Service Phygital Monitor Digital ▪ Digital Acquisition at Scale ▪ Digi
Slide 35: YES Connect: Enriched Customer Experience
YES Connect : Enriched Customer Experience Super App for Businesses API’fication of our Marketplace model Sachetization of Solutions across Industry Segments (YES Bank + Partner Offerings) YES Bank Services Partner Services Smart FinTechs Collections E-Invoicing Remittances Retailers Exchange Houses
Slide 36: IRIS: Enriched customer experience
IRIS : Enriched customer experience Super APP for Retail Customers ▪ IRIS is a native API-led mobile platform offering banking on fingertips across customer lifecycle (100+ features) ▪ Leveraging 30% mobile native consumers + Digital India stack to build a highly scalable and low C2I digital busines
Slide 37: Strategically leverage Public Digital Infrastructure
Strategically leverage Public Digital Infrastructure Contributing to building new-age India through collaboration on Key Digital Initiatives Digital Initiatives Principle Objectives YES Differentiators Consent Layer for Data sharing system making Curated & Expansive offerings Account Aggregator (AA)
Slide 38: Financial Markets – Customised solutions for clients
Financial Markets – Customised solutions for clients >15 yrs Remittances FX All 32% Currency Exotics Notes Active FX trading desk FX GO Available across digital 5-15 yrs Imports for market making Full platforms for Rate booking 36% providing best in class YesFX FX Sales Product Suite pricing for cus
Slide 39: Robust Governance Structure – Board Members
Robust Governance Structure – Board Members Eminent and Experienced Board Rama Subramaniam Gandhi Atul Malik Sharad Sharma Sadashiv Srinivas Rao Sanjay Kumar Khemani Non-Executive, Part time Chairman, Independent Director Independent Director Independent Director Independent Director Independent Dir
Slide 40: Professional and Seasoned Management team
Professional and Seasoned Management team Prashant Kumar Managing Director & CEO, YES Bank Manish Jain Niranjan Banodkar Rajan Pental Country Head- Wholesale Banking Chief Financial Officer Executive Director Arun Agrawal Archana Shiroor Dheeraj Sanghi Sachin Raut Country Head- Institutional & Govt
Slide 41: Strong Investor base
Strong Investor base Well diversified Investor base: Shareholding Pattern as on September 30, 2023 Category % STATE BANK OF INDIA Banks 35.9% CA BASQUE INVESTMENTS 26.1% VERVENTA HOLDINGS FDI 12.9% 1 47.1% LIFE INSURANCE CORPORATION OF INDIA Resident Individuals 29.7% HDFC BANK FPI’s 10.5% ICICI BAN
Slide 42: Sustainability & Responsible franchise committed to a purposeful ESG agenda
Responsible franchise committed to a purposeful ESG agenda CRH Ranked highest amongst 34 large scheduled FTSE4Good commercial banks on Included in FTSE4Good climate preparedness – Index Series Climate Risk Horizons study 1 Addressing Climate & ESG Risk Key Highlights Instituted an Environment and So
Slide 43: Strong people focus
Strong people focus: Stable leadership with focus on up-skilling talent, objective performance management & enabling employee flexibility • Employees in C-Suite, Leadership, Executive and Senior grades with average vintage of ~ 9 years Average within the Bank combined with top talent from the indust
Slide 44: Credit Rating
Credit Rating ICRA Downgrades CARE Upgrades: Basel II Upper Tier II to D from BB BASEL III Tier II to BBB from C INDIA Ratings CARE Downgrades INDIA Ratings Upgrades BASEL II Upper Tier II to BB+ from D CARE Upgrades Ratings across all Outlook-keeps Basel II Upper Tier II to D from C BASEL III Tier
Slide 45: Thank You
Thank You Disclaimer: No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of information or opinions contained herein. The information contained in this presentation is only current as of its date.