Yes Bank is an Indian private sector bank which is headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapoor in 2004. The Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

Yes Bank reported their Q4FY23 results with a decline of 45% in net profit from ₹367 crore to ₹202 crore on a Year-on-Year (YoY) basis. Yes Bank reported a sequential rise of 293% as compared with Q3FY23 net profit of ₹51 crore. Condemning the increasing provisioning for dip in net profit, Yes Bank stated that it has managed to report full year profitability for second straight year in spite of the rise in accelerated provisioning.

Yes Bank registered an enhancement considering the incomes as the bank reported a total income of ₹7,298 crore in the last quarter of the current fiscal year which was at ₹5,829 crore in the corresponding quarter in previous financial year. For FY23, Yes Bank reported a 19.5% rise in total income as its Q4FY23 total income was computed at ₹26,624.08 crore as compared to a total income of ₹22,285.98 crore in FY22.

Yes Bank’s net interest income was reported at ₹2,105 crore which is a growth of 15.7% and a sequential growth of 6.8%. For FY23, Yes Bank’s NII was computed at ₹7,918 crore which is 21.8% higher as compared to its FY22 net interest income.

Yes Bank accumulated growth in standalone assets in FY23. Yes Bank’s total assets were recorded at ₹3,54,786 crore which are about 11.5% higher from its total assets of ₹3,18,220 crore in FY22.

Yes Bank has been able to report enhancement in net cash generated from the operating activities. Yes Bank reported its net cash generated from operating activities at ₹25,626.01 crore which is 8.5% higher from the previous fiscal.

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