Questions across 9 calls

Prashant Kumar

Firm not listed in source transcripts

Yes Bank Limited

Yes Bank Limited CC-Jan26.pdf · 2026-01-17

So Pankaj, first, thank you so much for continuing to remain interested in YES Bank franchise. To your first question on the recovery from the ARC. Since we have assigned this to ARC, on a cash basis, we have recovered INR 7,500 crores for YES Bank, okay. That is one thing. And we continue to have almost like INR 1,800 crores of outstanding Security Receipt which would be getting monetization of both Security Receipts as well as the upside from the resolution of those Assets. So still, there are a lot of juice available in that portfolio. Second, in terms of your question on the Retail, I'm really happy to report that this quarter, our Retail businesses have breakeven, and going forward, we would be going to see a significant contribution in the Profitability of the Bank from the Retail. Because if I would like to bring to your notice that for the last four, five years, especially after COVID, there was a time where we were continuously investing on the Retail side and when you invest, it takes time to have a return out of that and in between, the industry also faced a very adverse credit cycle on the Retail. I think not only our investments have started yielding the right results, and with that turnaround in our Asset Quality cycle on the Retail, where we are seeing a lower slippage, better recovery, so not only Retail Asset has breakeven, but would contribute, I think, significantly going forward in the Profitability of the Bank.

You can complete your question, then we can respond.

Yes Bank Limited CC-Oct25.pdf · 2025-10-18

No, I think Ja i, what we need to see , it is about the entire spectrum where we need to work together in terms of value getting added to YES Bank. Since there is no overlap and it is a complementary structure, I think with this relationship, we would definitely explore in terms of how we can cater to their large corporates, in terms of the transaction banking, providing them the transaction banking services, providing them the digital services, and also offering the Retail Liabilities and Retail Asset products to their employees. At the same time, these corporates, where the SMBC has a lending arrangement, they also have a supply chain through the various SMEs, which at present, SMBC is not able to take care of their requirements. So, we would also like to explore how we can service those SMEs who are the supply chain for their Corporates. At the same time, we can't also rule out any, say, arrangements from their NB FC side because currently the Bank is also in the co-lending space with a number of NB FCs. And now RBI has opened up beyond NBFC also. So, we will explore that if we can have a co-lending arrangement where they can originate , and we also participate in those kind of lending. So , it is an entire spectrum, which is not only confined to the Transaction Banking of the Corporate, but the entire suites on the Corporate as well as on the Retail side.

Jai, I think we have already stated in terms of that 1% ROA by FY '27. And I think we are moving quite nicely on that roadmap. Coming to your second question in terms of loan growth. I think it is important to understand from where the loan growth is coming for the industry. Instead of just matching a loan growth, we would be focusing more on profitable loan growth. So, I think the large banks who have a clear-cut advantage on the cost of funding, I think they are able to do a profitable business growth on the products like new car loans and the prime home loans. And we will see. Till the time our funding cost also becomes nearer to them, we would like to slightly be away from these kind of products. So, I would not like to compare in terms of the peer level loan growth. I would like to compare with the peer-level product loan growth, especially on the Retail, but definitely on the Wholesale and the Commercial Banking space, we are already in line with the peer-level.

Yes Bank Limited CC-Jun25.pdf · 2025-07-19

So I think coming to your first question, okay, in terms of elevated NPAs. So I think I would just like to reiterate our gross NPAs remain at 1.6% and this was also 1.6% last quarter and 1.7% in the quarter one of last year. Similarly, our net NPAs continu ed to remain 0.3% this quarter, which was also 0.3% last quarter and 0.5% in the quarter one of last year. So our NPAs as a percentage has actually not increased. Actually, if you see our loan growth has been only say 5% growth. And despite , this as a percentage, it has remained the same. So we are not seeing the elevated NPA issue at all. Okay. Coming to your second question on whether the transaction would be only a secondary transaction or any primary. I think as of now, this is a transaction where they would be taking 20% share only from the State Bank of India and other banks who came in at the time of the restructuring of the Bank in March 2020.

So I think at this point of time, I think if you see the transaction has happened between the SMBC, the prospective buyer and the State Bank of India and other banks. Okay. So I think it would be difficult for us to read their mind for future.

Yes Bank Limited CC-Dec24.pdf · 2025-01-25

So, Jai I think if you see the outstanding Security Receipt has come down to somewhere around INR 2,400 crores. So, expecting like we would continue to have a recoveries of INR 1,000 crores per quarter. Definitely not going to happen because this is a case which takes a longer time for resolution. But we would be definitely expecting a recovery of somewhere around INR 1,200 crores every year and overall ~INR 3,000 crores plus from this portfolio.

Yes.

Yes Bank Limited CC-Sep24.pdf · 2024-10-26

First of all, thank you so much for taking time out and participating in this investor call. Responding to your first question, I think we don't comment in terms of the movement on the stock prices. We, as a management team, I strongly believe that we need to focus ourselves in terms of sustained and continuous performance, both in terms of business as well as the profitability of the Bank. And if you have taken note that Bank has been able to deliver both in terms of business growth and the profitability on a continuous basis, which is moving upward in the right direction, and we will continue to do this. Your second question in terms of dividend after 3 years of profitability. We as a Bank have a dividend policy approved by the Board, and the Board would continue to evaluate whenever we find it appropriate to distribute dividend to our shareholders. But at the same time, I would like to reassure you that we as a Management Team would continue to work in terms of optimization of return for all our stakeholders. Your third question, pardon me, but I think this conference call is limited on the basis of the performance of the quarter 2 of the Bank.

But Jai, there would be a change in both numerator as well as denominator. So it is not only overall book is growing, that's why the percentage would come down less than 5%. Stock of RIDF would also start coming because of the repayment.

Yes Bank Limited CC-Jun24.pdf · 2024-07-22

So Jai, if you recall, in case of 1 company where there was an i ssue, and the whole thing has been migrated to 4 banks, right? But in the first quarter, almost everything is coming to us. And I think going forward, we are going to see equal distribution of that business within the 4 banks.

So definitely, it helps us in both fee income as well as on the float, which comes through the current account with others.

Yes Bank Limited CC-Mar24.pdf · 2024-04-29

So, Jai, this year we have done the ecovery and upgradation to almost like 6 ,000 crores and we are quite confident that FY ‘25 also we will see a similar trend , but definitely more than INR 5,000 crores.

Absolutely, like if you see the current Net NPA plus net carrying v alue of SR is 1.1%, okay. And w hen we are talking of recoveries, the first thing that recoveries also include the upgradations, right. But in terms of recoveries and the right way of provision would be definitely there.

Yes Bank Limited CC-Dec23.pdf · 2024-01-29

Deepak I think this issue has been discussed in detail earlier and at this point of time since the matter is pending in the Honorable Supreme Court, we would not like to make any comment on this.

What I am saying is that the entire clarification on this part has been done, but at this point of time, to make an argument, why there is no need to make a provision, would not be correct as the matter is pending in the Honorable Supreme Court.

Yes Bank Limited CC-Sep23.pdf · 2023-10-23

Our cost to income remains between 70% to 75% over the last couple of years and the main reason was that we were investing for the future like opening of branches, investment in our technology and the digital capabilities. Now we have started seeing in terms of getting the benefits coming out from this investment, but I think we would continue to invest in the future like we are planning to open 150 branches during the current financial year. But as I was sharing with you that we are going through a business transformation and strategic change in our business direction as well as taking care of the P SL drag, which is almost like a 35 to 40 basis point. So, I think what we are going to see in the coming time, the cost to income ratio would start reducing. You must have noticed that this time our operating expenditure quarter-on-quarter growth is 0.5%. We would have a very tight control on the operating expenses and we would continue to work towards improving our interest income and we are expecting now going forward our cost to income ratio would started coming down.

On the retail portfolio, we started seeing some amount of stress, in the very first quarter, and then we immediately took some policy steps in terms of c orrections regarding the underwriting as well as the onboarding of customer. Similarly, we have strengthened our collection teams. So I think what we are seeing definitely and this is also disclos ed in our numbers today like two third of our gross slippage is coming from the retail portfolio and this kind of stress we have seen in both credit card a s well as the unsecured loans. But I think all the corrective steps have already been taken and we have started seeing the improvement o n this. That is one part, second since now we are focusing on the profitability, some of the prime retail asset products like the prime home loan or a new car loan, which in the current times would not make a great commercial sense for us to be very, very active in these fields. So we have started slowing down on some of those products where the yields are lower, but definitely in terms of strengthening the policies around how we underwrite and onboard the retail customers have been strengthened and we have started seeing the positive results o ut of it. But I think this is an industry wide phenomenon which has also been flagged off by the regulators in terms of the retail portfolio. But I think we need to be cautious . Already our retail growth has com e down to 27% and strategically we would like to have a very tight control on the retail side and maybe by the year end we would see the retail loan growth coming down further to around 25%.