CRISIL has upgraded the rating on YES Bank's tier-II bonds and infrastructure bonds from “BBB” to “BBB+” on the greater stability in its deposit base post reconstruction in March 2020 and adequate capitalisation.
The rating agency also revised the rating for bank's certificates of deposit (CD) from “A2+” to “A1” .
YES Bank’s total deposits had increased to Rs 1.63 trillon as of June 30, 2021 from Rs 1.17 trillion a year ago and Rs 1.05 trillion as on March 31, 2020. The proportion of, granular and sticky, current account and savings account (CASA) deposits to overall deposits has been