Yes Bank net advances increases by 8.8 percent in FY22

The net advances of Yes Bank have increased by 8.8 percent to Rs 181,508 crore in the fiscal ended March 31, 2022, said Yes Bank on Tuesday. The net advances of the bank in the previous fiscal year ended March 2021 was Rs 166,893 crore.

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Yes Bank in a regulatory filing said the gross retail disbursement was 10,324 crore out of the net advance during FY22.

Deposit grew by 21.1 percent to Rs 197,281 crore against Rs 162.947 crore in FY21. The credit to deposit ratio was 92 percent as of March 31, 2022, compared to 102.4 percent a year ago.

Yes Bank said data is provisional and it will be released ahead of the official announcement of financial results for the period ended March 2022. It also added that the information is subject to approval by the board of directors, the audit committee of the board, and the statutory auditors of the bank.

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