Mumbai, March 13: Yes Bank expects its balance sheet size to grow over three-fold by 2020, helped by a strong retail franchise and a bigger number of clients from the small and medium sector.

The country's fifth-largest private lender started operations in 2004.

Private sector lender Yes Bank on Thursday said it has bought over 5 per cent stake in an investor advisory firm, IiAS, from BSE.

Yes Bank said in a regulatory filing that it has acquired 5,00,750 equity shares of Institutional Investor Advisory Services (IiAS) from BSE Limited which is equivalent to 5.006 per cent of the paid-up capital of the company.

NEW DELHI: Budget 2016 has created room for the RBI to cut rates, says Rana Kapoor, MD & CEO of YES Bank "By adhering to fiscal deficit aim of 3.5% the Budget creates room for complimentary monetary policy rate cut of 50 bps in the near term and 75-100 bps in 2016, conditioned on favourably evolving macros," says Rana Kapoor.

"FY17 Budget has provided a strong growth direction to the Indian economy. The Finance Minister has managed to balance the need to prioritize social sector requirements with economic and business imperatives. The segmented 9-Pillar approach with well carved out deliverables will ensure execution clarity and focus," Rana Kapoor adds.

Yes Bank, a private lender, has joined hands with the Indian Railways to provide safe and clean drinking water by setting up 1,000 community water purification systems across railway stations in the country by 2019.

In the first phase of the project, the bank will set up 100 such systems across D’ and ‘E’ category railway stations in the Konkan belt and other locations in Maharashtra by March 2016.

Yes Bank Ltd shares rallied 11% on Friday after its December quarter earnings were announced in what could almost be termed a relief rally.

After a clutch of peers such as ICICI Bank Ltd and Axis Bank Ltd reported a jump in bad loans following a central bank review, Yes Bank’s asset quality numbers seem sterling even in absolute terms, leave alone relatively to others.

Private sector lender YES Bank reported a 25 per cent increase in net profit in the October-December 2015 quarter to Rs 675.7 crore from Rs 540 crore in the year-ago quarter, on the back of robust growth in net interest income (NII) and higher other income.

NII, difference between interest earned and interest expended, grew 27.3 per cent to Rs 1,157 crore. Other income - treasury gains, income from fees, commission etc — expanded 39 per cent to Rs 746 crore in the quarter under review. While there was slight pressure on asset quality, gross non-performing assets (NPA) at the end of the December 2015 quarter stood at 0.66 per cent, compared to 0.42 per cent in the year-ago period.

Yes Bank, India's fifth-biggest private sector lender by assets, reported a better-than-expected 25% increase in quarterly profit, and said it expected full-year credit costs to be at the lower end of its guidance range.

The bank said it saw credit costs at maximum 50 basis points for the fiscal year ending March, compared with its previous guidance of 50-70 basis points.

London: Private sector lender Yes Bank Ltd aims to list up to $500 million green bonds on the London Stock Exchange Plc (LSE) by December and has tied up with the UK’s exchange group on debt and equity issuance.

Yes Bank has also formalized the memorandum of understanding (MoU) signed with the LSE during Prime Minister Narendra Modi’s visit to the UK in November to develop bond and equity issuance, with particular focus on the relatively untapped sector of green infrastructure finance.

State-run Canara Bank and private lender Yes Bank on Thursday announced raising Rs 1,500 crore each by issuing Basel III compliant tier-II bonds.

"Bank has successfully raised Rs 1,500 crore of Basel-III compliant tier-II bonds. The issue was closed on December 31, 2015," Yes Bank said in a regulatory filing.

Lingering concerns over the passage of GST Bill in the ongoing Parliament’s winter session and factors such as interest rate hike worries by the US Federal Reserve next week, falling commodity prices, funds outflow by foreign institutional investors and bleak global cues dragged the key benchmark indices over 2 per cent down for the week ended December 11. This week Sensex and Nifty fell 593.68 points and 171.45 points to 25,044.43 and 7,610.45, respectively.

During the week, Cairn India (down 9.80 per cent), Punjab National Bank (down 8.60 per cent), Vedanta (down 8.50 per cent), Coal India (down 8.20 per cent) and YES Bank (down 7.60 per cent) slid the most in the Nifty pack.

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