YES BANK = UPDATE DT 20.09.2010 = EXCELLENT QTRLY RESULTS = STRONG FUND RAISING PLANS = GOOD EXPANSION PLANS = FUTURE LOOKS VERY PROMISING

YES BANK

UPDATE DATED 20.09.2010

RECENT NEWS

15^TH,Sept : private sector Yes Bank paid 81 per cent more advance tax in FY11, at Rs 105 crore, as against Rs 58 crore in the year-ago period, the bank said in a statement here today.

7^th Sept :  "Our total fund raising would be over Rs 1,500 crore this year and we have already raised Rs 865 crore," CEO &MD Rana Kapoor told reporters on the sidelines of a conference organised by Ficci and IBA here today.

 The entire amount raised is for the bank's capital needs and it is not looking at an equity infusion, he said. "We had an equity infusion recently and I do not think there is any additional requirement for equity in the next 12-18 months," he said.   

The Rs 865-crore already raised are hybrid tier-I and upper tier-II capital, Kapoor said, adding the bank will raise another Rs 500 crore in lower tier-II capital by the end of next month.   

Kapoor said the prospects are good for the economy and expects a drop in the non-performing assets going forward. "Even sectors like textiles are doing good," he said.

Q / E JUNE 2010 RESULTS :

YES Bank has posted a Net Profit of Rs.156.37 cr –a 11.67% increase over previous qtr ending March 2010 (Rs.140.03 Cr) and a 56.26% increase over corresponding qtr ending June 2009 (Rs.100.07 Cr) .

Loan book has grown by 107.2 %

Net interest income has grown by 67.1 per cent during the period.

Net interest margins were very good at 3.1 per cent.

Total Interest Earned     is Rs.739.19 Cr against Rs.664.60 Cr in previous qtr (+11.22%) and against Rs.542.65 Cr in corresponding qtr (+36.22%)

Cost of funds is 6.3% compared to 8.1% in the corresponding period last year.

Yield on advances is 9.6%.

Total Income  is Rs.883.03 cr which is 7.07% higher from previous qtr (Rs.824.74     cr) and 28.38% higher from corresponding Qtr (Rs.687.85 Cr).

The net NPA ratio stood at 0.04 per cent which is very healthy.

Capital Adequacy Ratio is very healthy at 16.57.

Basic EPS at Rs.4.59 is 36.2% higher from corresponding Qtr (Rs.3.37).

Return on Assets at 1.62 is very healthy.

The bank wants to focus on building a strong current account and savings account (Casa) base now onwards and is aiming to raise NIM to 4%.

YES Bank has 159 branches at present and wants to open 100 more in FY11.

At current rate of growth, Yes Bank may clock an EPS of around Rs.20 in current year.

At current Market price of Rs.332, the PE Ratio works out to about 16.6.

As seen from its results, the Yes Bank is on a VERY FAST GROWTH TRACK and could exceed market expectations.

RESULTS IN FIGURES:

Head	JUN10	MAR10	Dif%1	Jun09	Dif%2
Interest on Advances	55788	49003	13.85	39438	41.46
Income on Invest	17658	17182	2.77	13996	26.16
Income on Balances With RBI	292	186	56.99	142	105.63
Others	181	89	103.4	689	-73.73
Interest Earned	73919	66460	11.22	54265	36.22
Other Income	14384	16014	-10.18	14520	-0.94
Total Income	88303	82474	7.07	68785	28.38
Interest Expended	47709	42043	13.48	37893	25.9
Employees Cost	8123	7084	14.67	6116	32.82
Other Operating Expenses	7576	7590	-0.18	4997	51.61
Operating Expenses	15699	14674	6.99	11113	41.27
Operating Profit	24895	25757	-3.35	19779	25.87
Provisions	1256	4256	-70.49	4553	-72.41
Profit before tax	23639	21501	9.94	15226	55.25
Tax Expense	8002	7498	6.72	5219	53.32
Net Profit After Tax	15637	14003	11.67	10007	56.26
Net Profit	15637	14003	11.67	10007	56.26
Face Value	10	10	10	10	10
Paid-up Equity	34102	33967	0.4	29708	14.79
Dividend (%)	-	15		-
Capital Adequacy Ratio	16.57	20.61	-19.6	17.63	-6.01
Basic EPS B EI	4.59	4.25	8	3.37	36.2
Diluted EPS B EI	4.41	4.07	8.35	3.33	32.43
a) Gross/Net NPA	1109	1299	-14.63	3037	-63.48
b) % of Gross/Net NPA	0.04	0.06	-33.33	0.24	-83.33
c) Return on Assets	1.62	1.7	-4.71	1.8	-10
Public holding (%)	72.95	72.84	0.15	69.12	5.54

INTIMATIONS BY THE BANK

TO THE NSE

1-07-2010      Yes Bank Limited has informed the Exchange regarding a press release dated July 21, 2010 , titled "Net Profit of Rs.156.4 crore in Q1FY11; highest ever since inception (56.3% y-o-y) Loan growth of 107.2% y-o-y , Deposit growth of 97.1% y-o-y Net Interest Income up 67.1% at Rs.262.1 Crore".

21-07-2010    Yes Bank Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Interest earned of Rs. 73919 lacs for the quarter ending on 30-JUN-2010 against Rs. 54265 lacs for the quarter ending on 30-JUN-2009. Interest expended of Rs. 47709 lacs for the quarter ending on 30-JUN-2010 against Rs. 37893 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 15637 lacs for the quarter ending on 30-JUN-2010 against Rs. 10007 lacs for the quarter ending on 30-JUN-2009.

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