Yes Bank's Impressive Financial Growth

Yes Bank announced a credit growth of 12.6% for the December quarter, reaching Rs 2.45 lakh crore. Total advances hit Rs 2.17 lakh crore by December 31, 2023. The bank also reported a 14.6% rise in total deposits to Rs 2.77 lakh crore. Liquidity Coverage Ratio increased significantly.

Yes Bank has announced a notable credit growth of 12.6% for the December quarter, reaching a figure of Rs 2.45 lakh crore, according to a recent regulatory filing by the lender.

The bank's total advances climbed to Rs 2.17 lakh crore by the end of December 31, 2023. This is reflective of the robust financial performance that the bank has achieved this year.

Additionally, Yes Bank experienced a significant 14.6% increase in total deposits, which rose to Rs 2.77 lakh crore compared to the previous year's third quarter figures. The bank's Liquidity Coverage Ratio also saw an increase, reaching 133.2% by the end of December 2024.

(With inputs from agencies.)