Yes Bank share price slipped over 4% in trade on Friday, April 4, following the March quarter (Q4) business update for the recently concluded financial year 2024-25 (FY25). The private lender's stock declined even as the lender reported an increase in major key metrics.
Yes Bank, in an exchange filing last evening, reported an 8.2% YoY increase in loans and advances to ₹236,539 crore from ₹227,799 crore. On a sequential basis, the lender's loans and advances grew by 0.7%.
Its deposits, including CASA deposits, saw a 6.8% rise to ₹284,488 crore from ₹266,372 crore. While the CASA deposits increased by 18.4% YoY to ₹97,443 crore, the CASA ratio improved to 34.3% from 30.9% on a YoY basis.
The Credit to Deposit Ratio rose to 86.7% in the March 2025 quarter from 85.5% in the preceding quarter last year. Liquidity Coverage Ratio jumped to 125% from 116.1% YoY, the lender stated.
“Despite a slight miss on NII, the Bank’s strong profit growth, improved deposit mix, and steady asset quality reflect growing stability and improving investor confidence,” said Anshul Jain, Head of Research at Lakshmishree Investment and Securities.
Yes Bank stock dropped 4% to hit the day's low of ₹17.21 apiece against its previous closing price of ₹17.95.
The stock is trading close to its 52-week low level of ₹16.02 and has declined 40% from its 52-week high level of ₹28.50, scaled in April 2024.
In the last one year, Yes Bank stock has lost 31% while in the past five years, it has dropped 28%.
Yes Bank shares are facing resistance at ₹18, and it has made a strong base at ₹15 apiece, said Sumeet Bagadia, Executive Director at Choice Broking.
“A bullish or bearish trend can be assumed on the breakage of either side of the range. Once the Yes Bank share price closes above ₹18, we may expect the banking stock to touch ₹20 soon and ₹21 apiece. So, Yes Bank shareholders are advised to hold the scrip, maintaining a stop loss of ₹16. Fresh investors can also buy Yes Bank shares at the current market price for the near-term targets of ₹20 and ₹21. However, they must maintain a stop loss at ₹16 while taking any fresh position on the counter,” advised Bagadia.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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