Private sector bank, Yes Bank registered 1.3 percent quarterly growth in loans and advances to Rs. 1.69 lakh crore during the December quarter, according to provisional data released by the Yes Bank on Monday.
If we make a comparison to September quarter growth, it is recorded that deposits grew 7.7 percent to Rs. 1.46 lakh crore in the quarter, compared to Rs. 1.36 lakh crore in the September quarter.
The bank releases statement, it had registered 38.8 percent in the deposits during the last three quarter or nine-month period from April to December. However, loans and advances declined 1.4 percent during the same period. Earlier, yes bank was rescued by a clutch of financial institutions in March as per the reconstruction plan prepared by the RBI.
The gross retail disbursement in the month of December quarter recorded at Rs. 7,563 crore, up 109% compared with Rs 3,764 crore in the September quarter.
In the interview with Financial Express, “Rajan Pental, global head retail banking at yes bank, has told that the lender had set a target to disburse retail and small business loans worth Rs 10,000 crore in the December quarter of the current financial year. The bank also focuses to double its retail assets and liabilities by 2023.”
Click here for more Business News
