HomeYes Bank Q2 results today: Here’s what to expect

Yes Bank Q2 results today: Here’s what to expect

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By Abhishek Kothari  November 1, 2019, 8:08:34 AM IST (Published)

Yes Bank is all set to announce its second quarter ended September 30, 2019 results today.


The results come at the backdrop of the bank stating on October 31 it has received a binding offer of $1.2 billion from a global investor. Sources told CNBC-TV18 this global investor is SP Global Holdings.

Yes Bank will deliberate over the offer during its board meet today.

For the quarterly results, analysts are expecting Yes Bank to post a net loss for the given quarter.

According to data already available, Yes Bank's deposits have shrunk by 6 percent year-on-year (YoY) and about 7.5 percent sequentially. Advances have shrunk by over 3 percent YoY and under 2 percent, sequentially. Yes Bank's net interest margin could be under pressure given the fact that loan book has shrunk, as well as, the fact that slippages maybe on the higher side due to the stress in the portfolio.

The bank could report slippages anywhere between Rs 3,000 and Rs 6,000 crore as per various analysts' estimates. Slippages in the first quarter were Rs 6,300 crore.

The asset quality of Yes Bank is also expected to deteriorate and gross NPA ratio could rise to anywhere between 6.5 and 7 percent. Last quarter it was at 5 percent.

CNBC-TV18 poll suggests net interest income (NII) decline close to 12 percent YoY and this is perhaps the first time that the NII growth may decline over the last 4-5 years while we anticipate a net loss of Rs 590 crore. If at all they do not choose to move to the new tax regime, they may report a small bit of profit just like how SBI did.

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