Yes Bank's Loans and Advances grow to Rs 201,523 cr

New Delhi: Yes Bank on Wednesday reported its current fiscal business update, in BSE filling the bank states a growth in advances from to Rs 201,523 crore, an year-on-year increase of approximately 11.3% and a quarter-on-quarter increase of over 5.2%.

Accordingly on Wednesday the bank's shares opened up at Rs 15.45, and later fell upto at Rs 15.25.

The bank mentioned, Gross Retail Disbursements (during the quarter) Rs 12,847 comparing to the December 2023 Rs. 12,667. Advances growth normalised for ARC transaction was at 5.1% quarter growth and 13.9%, an year-on-year increase.

Deposits growth excluding CDs stands 3.5% in the quarter. The gross retail disbursements during the quarter was amounted to Rs. 12,847 crores.

However the information is provisional and being released ahead of the official announcement of the financial results for the quarter ended March 31, 2023, which is subject to approval by the Audit Committee of the Board, Board of Directors and audit by the Statutory Auditors of the Bank, bank said.

Specific provision as on December 31, 2022 considered for the purposes of arriving at Net Advances as on March 31, 2023