Rising Credit and Deposits: A Snapshot of Yes Bank and IndusInd Bank's Growth

Yes Bank reported a 12.6% credit growth, with credit reaching Rs 2.45 lakh crore by December 2023, and a 14.6% rise in deposits to Rs 2.77 lakh crore. IndusInd Bank also experienced growth, with credit increasing by 12% and deposits rising 11% in the same quarter.

In its latest financial report, Yes Bank announced a significant credit growth of 12.6% for the December quarter, amounting to Rs 2.45 lakh crore. This reflects a notable rise from Rs 2.17 lakh crore by the end of December 2023, according to their regulatory filing.

Further underscoring its robust performance, Yes Bank's total deposits surged by 14.6%, reaching a total of Rs 2.77 lakh crore. This marks a substantial increase compared to Rs 2.41 lakh crore by the end of the previous financial year's third quarter.

The liquidity coverage ratio also improved, climbing to 133.2% by December 2024. Meanwhile, IndusInd Bank reported a 12% growth in credit and an 11% increase in deposits for the same period, showing strong industry trends in the private sector banking.

(With inputs from agencies.)