Yes Bank rose 1.32% to Rs 357.85 at 14:14 IST on BSE, with the stock extending Wednesday's 1.94% gains triggered by the bank reporting strong Q3 earnings.
Meanwhile, the S&P BSE Sensex was down 14.04 points or 0.07% at 21,275.45.
On BSE, so far 5.62 lakh shares were traded in the counter as against average daily volume of 11.44 lakh shares in the past one quarter.
The stock hit a high of Rs 360 and a low of Rs 352.30 so far during the day. The stock had hit a record high of Rs 547.15 on 20 May 2013. The stock had hit a 52-week low of Rs 216.10 on 28 August 2013.
The stock had underperformed the market over the past one month till 15 January 2014, declining 3.56% compared with the Sensex's 2.77% rise. The scrip had, however, outperformed the market in past one quarter, surging 6.63% as against Sensex's 3.61% rise.
The large-cap private sector bank has equity capital of Rs 360.60 crore. Face value per share is Rs 10.
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Shares of Yes Bank have risen 3.33% in two trading sessions from Rs 346.30 on 14 January 2014, after the company during trading hours on Wednesday, 15 January 2014 reported strong Q3 December 2013 earnings. The stock had risen 1.94% to settle at Rs 353.05 on Wednesday, 15 January 2014.
Yes Bank's net profit rose 21.4% to Rs 415.60 crore on 18.6% growth in total income to Rs 2902 crore in Q3 December 2013 over Q3 December 2012.
Yes Bank's net-interest income (NII) rose 13.9% to Rs 665.40 crore in Q3 December 2013 over Q3 December 2012, on account of a cautious and steady growth in advances. Non-interest income rose 23.9% to Rs 387.90 crore in Q3 December 2013 over Q3 December 2012, on the back of continued growth across all fee income streams, Yes Bank said. The bank's net interest margin (NIM) declined to 2.9% from 3% in Q3 December 2012. Yes Bank's operating profit rose 9.1% to Rs 614.70 crore in Q3 December 2013 over Q3 December 2012, driven by stable growth in NII and non-interest income.
Yes Bank's current and savings account (CASA) surged 37.8% YoY to Rs 14246.10 crore taking the CASA ratio to 20.9% as on 31 December 2013, up from 18.3% as on 31 December 2012. Yes Bank said it continues to demonstrate strong traction in CASA on the back of an increase in branch network, enhanced savings rate offering and improvements in productivity.
The bank's gross non-performing advances as a proportion of gross advances was at 0.39% as on 31 December 2013 while net non-performing advances as a proportion of net advances was at 0.08% as at 31 December 2013. Bank's specific loan provision coverage ratio was at 78.4% as on 31 December 2013 (excluding counter cyclical provision). Total counter cyclical provision stood at 0.4% of advances, Yes Bank said.
As per Basel III, Tier I capital stood at 9.9% and total CRAR stood at 16.1% (including nine-months FY 2014 profits, adjusted for prorated dividend) with CET I ratio at 9.3% as at 31 December 2013, Yes Bank said.
Yes Bank is one of the leading private sector banks in India.
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