Yes Bank’s revenues in Q4FY23 rose 26% to ₹6,218 crores. Consolidated Profit After Tax came at ₹206 crores showcasing a 45% decline YoY over the corresponding period. The advances, borrowings and deposits depicted a robust growth. Commenting on the growth, the CEO – My Prashant Kumar said –
“Our Retail franchise has now reached a critical scale and is poised for profitable growth. With the current momentum of accelerated growth, the efficiency gains and operating leverage will naturally drive the Bank’s profitability upwards. In addition to this, in order to further accelerate the profitability expansion, the Bank will be making strategic interventions in the form of calibrated yield enhancement, higher focus on growth in CA and improvement in cross-sell / fee growth on the expanded customer base”.
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