YES BANK Q1FY23 results || YES BANK reported a net profit at INR 311 Crs – up 50% Y-o-Y

Financial Highlights
Profit and Loss
	§  NII at INR 1,850 Crs for Q1FY23 grew 32% Y-o-Y and 2% Q-o-Q§  NIM for Q1FY23 at 2.4%up nearly 30bps Y-o-Y§  Non-Interest Income for Q1FY23at INR 781 Crs. Non-Interest Incomeadjusted for unrealised and realised gain on investments for Q1FY23 grew 35% Y-o-Y§  Operating Expenses at INR 2,042 Crs for Q1FY23, up 33% Y-o-Y and 6% Q-o-Qlargely led by increase in loan sourcing fees, IT Spends and employee increments and welfare including Insurance§  Operating profit stands atINR590 Crsin Q1FY23. Normalised Operating Profit (adjusted for unrealised and realised gain on investments) grew 32% Y-o-Y§  Provisions for Q1FY23 at INR 175 Crsdeclined 62% Y-o-Y and 36% Q-o-Q, aided by lower slippages at INR 1,072 Crs(vs. INR 2,233 Crs in Q1FY22)§  Net Profit for Q1FY23 at INR 311 Crsup 50% Y-o-Y
Balance Sheet
	§  Net Advances at INR 186,367 Crs, up 14%Y-o-Y &3% Q-o-Q•       Sustained improvement in Granularity – Retail: Corp. mix at 62:38 up240bps Q-o-Q- Strategic Objective achieved one year ahead of time•       Retail Advances mix at 38% vs. 31% in Q1FY22 and 36% in Q4FY22•       New Sanctions / Disbursements of INR 22,636 Cr in Q1FY23o    Gross Retail Assets Disbursements of INR 11,863 Cro    Rural Disbursements of INR 535 Crso    SME Disbursements1 of INR 5,001 Crs o    Wholesale Banking Disbursements of nearly INR 5,237 Crs §  Total Balance Sheet grew 17% Y-o-Y§  Total Deposits at INR 193,241 Crs, up 18%Y-o-Y•       CASA ratio 30.8% vs.27.4% in Q1FY22; CASA continues to grow at nearly 2x rate of overall deposits growth•       CASA + Retail TDssustained at 62%2of Total Deposits•       3.0 Lacs CASA Accounts opened in Q1FY23- sustained momentum in customer acquisition§  Average LCR during the quarter healthy at 118.8%3; LCR as on June 30, 2022 at 116.0%3§  CET 14 ratio at 11.9%: Total CRAR4 at 17.7%;RWA to Total Assets at 73% vs. 82%in Q1FY22 and 73% in Q4FY22§  Investments at INR 58,679 Crs up 26% Y-o-Y§  Borrowings at INR 70,698 Crs up 12%Y-o-Y

¹Includes Limit Setups,²Based on Balances </= INR 2 Crs on an Account Level,³ Consolidated Basis, ⁴ Includes Profits

Asset Quality
	§   Sustained Improvement in NPA Ratios•       GNPA ratio at 13.4% vs. 15.6% in Q1FY22and 13.9% in Q4FY22•       NNPA ratio at 4.2% vs. 5.8% in Q1FY22 and 4.5% in Q4FY22§   Slippageslower Y-o-Y•       Q1FY23 at INR 1,072 Crs vs. INR 2,233 Crsin Q1FY22§   Resolution Momentum continues with Total Recoveries & Upgrades for Q1FY23 at INR 1,532 Crs– in line with the Annual guidance of INR 5,000 Crs
Digital &Other Highlights/ Achievements
	§   Nearly every 3rddigital transactionundertaken in Indiaispowered by YES Bank§   Ranked 1 in NEFT Outward Volumes and UPI market share§   YES Bank signs a binding term sheet with JCF ARC LLC & JC Flowers Asset Reconstruction Company(JC Flowers ARC) for strategic partnership in relation to sale of identified stressed loans of the bank§   Launched a first of its kind floating rate Fixed Deposit linked to the RBI repo rate – an Intelligent Fixed Deposit with Dynamic Returns – acquired 14,000+ customers since launch