• Close

Press Release


Mumbai, October 1, 2018

YES BANK is pleased to share the following important updates:

1.Succession Planning:  The Bank is fully geared for the MD&CEO’s succession

  • Pursuant to the Board of Directors meeting dated September 25, 2018, the two external experts of the ‘Search & Selection Committee’ will be finalized by October 7, 2018.

  • ‘Search & Selection Committee’, assisted by a Global Leadership Advisory Firm, will evaluate both internal and external candidates and make suitable recommendations to the Board of Directors for onward submission to RBI.

  • The ‘Search & Selection Committee’ and the Board of Directors are fully committed to expeditiously completing the said process within the current stipulated timelines of RBI.

2.Executive Directors:

Further to the Board of Directors recommendation vide meeting dated September 25, 2018, to appoint two senior leaders of the Bank as ‘Executive Directors’, the Bank has submitted its application to RBI for their approval.

3.Business Update – Key Parameters:

  1. Satisfactory Financial Position as on September 30, 2018 (Unaudited Q2FY19):

    • Deposits grew ~41.0% YoY aggregating ~ Rs. 2.23 Lakh Crores as on September 30, 2018. CASA Ratio stood at ~ 33.8% (growth of ~28.2%  YoY)

    • Loans & Advances grew by ~61.5% YoY, across the Corporate, IBU, MSME and Retail segments, aggregating to ~ Rs. 2.40 Lakh Crores as on September 30, 2018 of which Domestic Advances aggregated to ~ Rs. 2.20 Lakh Crores (growth of ~56.4% YoY)

    • Gross NPA at ~1.35% of Gross Advances vis-à-vis 1.82 % as on September 30, 2017.

Please note that the above information, being released ahead of the official announcement of the financial results for the quarter ended September 30, 2018, is subject to approval by the Audit Committee of the Board, Board of Directors and review by the statutory auditors of the Bank.

  1. Outlook on Asset Quality is ‘Stable’:

Over the past few days, some unfounded speculations regarding the Bank’s Asset Quality have been brought to its notice. In this context, Management clarifies that the Asset Quality continues to be stable as stated in point 3. a. iii. above and reiterates its credit cost guidance at 50-70 bps for FY19 (76 bps for FY18).

  1. Comfortable Liquidity / Funding Position:

The Bank has a Liquidity Coverage Ratio of ~101% as on September 30, 2018, which is 11% points in excess of the minimum regulatory requirement of 90%. The Bank’s average daily LCR for Q2 FY19 was ~100%. Bank’s liquidity position will further benefit from the recent RBI measures (announced on September 27, 2018) to ease systemic liquidity which will take effect on October 01, 2018.

YES Bank’s analyst conference call, scheduled on October 01, 2018 at 4:00 pm IST, can be heard at following link, post 10 pm:


YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 9 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

For more information, please visit the Bank’s website at

For media queries, please contact:

Amit Shah

Jyothi Goswami

download app

Android App for YES BANK
App Store for YES BANK
yes pay wallet

Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more

Read More