Yes Bank soars 3% after retail disbursements nearly doubles to Rs7,563cr in Q3FY

[NiveRoshni]

Yes Bank soars 3% after retail disbursements nearly doubles to Rs7,563cr in Q3FY21



Yes Bank stock was trading on a higher note during Wednesday's session after the lender announced its loan and deposits book performance for December 2020 (Q3FY21) quarter.

Yes Bank stock rebounded from a lacklustre previous trading session.

On Sensex, today, Yes Bank gained by as much as 2.51% with an intraday high of Rs18.40 per piece in early deals. In the previous closing, Yes Bank stood at Rs17.95 per piece.

Among the key highlight from Yes Bank's loan book was gross retail disbursements which nearly doubled compared to the previous quarter.

During Q3FY21, Yes Bank's gross retail disbursements increased by a whopping 100.9% to Rs7,563cr compared to Rs3,764cr of the preceding quarter.

Furthermore, the lender's retail disbursements rose by 145.7% in the latest quarter compared to Rs3,078cr of March 2020 (Q4FY20) period.

Meanwhile, the lender's loans and advances were at Rs169,050cr in Q3FY21 period, rising by 1.3% from Rs166,923cr in the preceding quarter. The lender's deposits stood at Rs146,233cr in the quarter under review, increasing by 7.7% against Rs135,815cr as of September 2020.

Source : https://www.indiainfoline.com/article-amp/news-sector-banking-financials/yes-bank-soars-3-after-retail-disbursements-nearly-doubles-to-rs7-563cr-in-q3fy21-121010600319_1.html