 "YES Bank total restructured assets at Rs 125 cr")
The Bank has seen a significant improvement in its CASA ratio.
While announcing the quarterly performance results, the bank official said that the total restructured assets of the bak stand at Rs 125 crore.
The private lender's lown growth in the first quarter has been at 24.3%.
The bank has called its money dependency as fairly marginal. The bank's migration to Basel III from Basel II reforms had an impact of 20 bps.
Its retail deposit saw an increase of 38.4%. Besides, the bank's treasury gains have been recorded at Rs 95 crore.
However, YES Bank shares tanked by over 12% in line with other banking scrips after a set of new steps taken by the RBI last night to squeeze liquidity and curb rupee volatility.
The bank had posted net profit of Rs 290.1 crore in the April-June quarter of 2012-13.
YES Bank's total income rose to Rs 2,839.9 crore as against Rs 2,174.4 crore in the first quarter of last fiscal.
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The bank has witnessed steady growth in net profit on the back of strong net interest income (NII) and continued focus on revenue diversity leading to a healthy increase in fee income, YES Bank MD and CEO Rana Kapoor said in a statement.
The bank has continued the strong traction on CASA (Current Account, Savings Account ) and retail deposits with its CASA ratio crossing 20% for the first time since inception, he said.
The NII during April-June 2013 rose by 39.6% to Rs 659.1 crore as against Rs 472.2 crore in the year-ago period.
As of June 30, 2013, YES Bank's gross non-performing assets (NPAs) declined to 0.22% of advances as against 0.28% in the same quarter of the previous fiscal.
It's net non-performing assets also declined from 0.06% from 0.03%.
The bank's Capital Adequacy Ratio (CAR) as of June 30 stood at 15.4%.