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Yes Bank Q...
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Bloomberg Quint

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Image Credit: Bloomberg Quint

Yes Bank Q1 Updates: Loans, Deposits Decline

  • Yes Bank saw a decline in loans and deposits in Q1 as reported in an exchange filing.
  • Loans and advances fell 2% quarter-on-quarter to Rs 2.41 lakh crore, while deposits reduced by 3% to Rs 2.75 lakh crore.
  • The current-account savings-account ratio was reported at 32.7%, and the credit-deposit ratio increased to 87.5%.
  • Yes Bank's stock closed 0.64% lower, with most analysts recommending a 'sell' rating and predicting a potential downside.

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