YES Bank's Q3 results due today; Here’s what to expect

Private lender YES Bank is slated to unveil its earnings numbers for the December quarter on Thursday.

Analysts see an over 20 per cent year-on-year growth in the bank's bottom line with robust asset quality.

Brokerage firm KR Choksey Shares and Securities expects advances to grow by 24 per cent in the third quarter, driven by retail and corporate loans, along with a gradual pick-up in business in banking and MSE segments.

On account of flat NIM, "we expect an NII growth of 31 per cent. On the back of robust asset quality and slightly elevated credit costs, we expect a PAT growth of 22 per cent", said KR Choksey Shares and Securities.

Commentary on exposure to stressed sectors will be a key monitorable. Shares of the bank closed 2.58 per cent up at Rs 342.50 ahead of the quarterly numbers.Avenues of growth through corporate, SME and retail are expected to result in higher-than-industry traction. Given limited exposure to accounts disclosed in RBI's lists, impairment ratio will likely be contained, with credit cost within guided levels.

Shares YES Bank were trading 3.62 per cent up at Rs 354.90 in early trade on Thursday. On the other hand, benchmark BSE Sensex was up 373 points, or 1.06 per cent, up at 35,455 at around 9.40 am (IST).

Yes Bank