YBL/CS/2023-24/039
Date: June 11, 2023
National Stock Exchange of India
Limited Exchange Plaza, Plot no. C/1, G
Block, Bandra - Kurla Complex Bandra
(E), Mumbai - 400 051 Tel.: 2659 8235/36
8458
NSE Symbol: YESBANK
BSE Limited
Corporate Relations Department
P.J. Towers, Dalal Street
Mumbai – 400 001
Tel.: 2272 8013/15/58/8307
BSE Scrip Code: 532648
Dear Sir / Madam,
Sub.: Submission of Investor Presentation
Ref.: Reg. 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Please find attached the copy of Investor Presentation.
We request you to take above on your record and disseminate to all concerned.
Thanking you,
Yours faithfully
For YES BANK LIMITED
Shivanand R. Shettigar
Company Secretary
Encl: A/a
SHIVANAND
RAMA
SHETTIGAR
Digitally signed by
SHIVANAND RAMA
SHETTIGAR
Date: 2023.06.11
20:25:36 +05'30'
YES BANK – Investor Presentation
June 2023
Contents
YES BANK of Today 3-6
YES BANK Franchise 8-28
ESG Led Responsible Banking
New Age Digital Platform
Universal Bank – One Bank For All Needs
Governance and Senior Management Team
Shareholding
Financials 30-43
New Generation, Professionally Run, Private Sector
Bank with a Scalable Platform
4
Seasoned Human
Capital
▪ Run by a professional, seasoned, and stable management team; average vintage of YES BANK Top and Senior Management Team
of 8.5 Years; Duly supported by 27,000+ YES BANKers
▪ Fostering diversity, learning, inclusion and growth - certified as Top 50 Great Place To Work (2023) in BFSI Category
3
Geared for Scale
with Profitability
▪ Strong Foundation; Key levers, now in place, for scale-up and material improvement in profitability
• Retail Advances at INR 90,000 Crs (~45% of Net Advances) – focus shifting towards further improving the profitability
• A ‘Preferred Retail Franchise’ with strong Customer Acquisition run-rate of more than a 1.3 million new CASA customers per annum
• Fortified Balance Sheet - Holistically addressed Legacy Asset Quality Issues; Portfolio Asset Quality at its best since reconstruction
o Mar’23 NNPA at 0.8%,
o Collective NNPA & Net Carrying Value of SR at 2.4%
• Sufficiency in Liquidity (LCR at 118.5%
1
) and Capital Adequacy (CET I% at 13.3%)
2
Robust Risk,
Governance and
Compliance Culture
▪ Eminent 13-member Board of Directors comprising 7 independent directors, 3 women directors – domain specialists with extensive
strategic, operational and leadership experience
▪ Comprehensive and Robust Risk Management Framework; De-Centralization of Credit Approval Process
▪ ‘Compliance First’ Culture
1
New Generation
Private Sector Bank
▪ 6th Largest Private Sector, Universal Bank offering comprehensive suite of product and services via its pan India network of 1,192
branches, 150 BCBO and 1,300+ ATMs in over 300 districts of India
▪ Accelerating as a granular retail franchise with leadership in digital payments and strong focus on transaction banking
▪ Preferred Banker to Digital India with best-in-class technology / API stack
▪ ESG Led Franchise - reflected in the highest rankings by S&P Global, CDP ratings and Moody’s ESG and sustainability ratings
Total Assets:
INR 3,54,786 Crs
Total Deposits:
INR 2,17,502 Crs
Total Advances:
INR 2,03,269 Crs
Advances Split:
Retail – 45% | SME – 14%
Medium Ent. – 14% | Corporate – 27%
5
Major Shareholders
• SBI, the largest schedule commercial bank of India, 7 leading private sector banks and a leading NBFC
• Two global, marquee, private equity investors viz. Carlyle and Advent International
• Largest retail shareholder base in Indian Capital markets, with more than 50 lakh shareholders
1. Average for the quarter- Q4FY23
3
Senior Rating - At A-
Short Term Rating – Highest at A1+
Strategic Shift towards a Granular Franchise
Strong 2.2x growth in Retail Advances between Mar’20 to Mar’23 I Retail, SME and Mid-Corporate Segment Advances at ~INR 146,215 Crore and at ~73% of Net Advances
1
171,443 200,201
INR Crores Mar’20 Mar’23 Growth
Retail Advances 40,755 90,477 2.2X
Share in Total Advances 24% 45% 1.9X
Retail Advances - Growth and Change in Mix
Strong Growth
Engines
Growth
(Mar’23 /
Mar’20)
Mix
(Mar’23)
1
Avg. ticket
size
Mortgage Loan 2.1x 33% 0.35-0.40
Auto Loan 1.7x 18% 0.09-0.10
Consumer Loan 2.8x 23% 0.05-0.06
Commercial Loans 1.7x 23% 0.25-0.30
Diversified Retail Advances BookNet Advances Growth Led by Retail Advances
Steady Granular Deposit Accretion – Higher Focus on CA and Improving SA Granularity I Reducing Share of Top 20 Depositors
2
Strong Accretion in Lower Value Buckets in SADeposits Grew ~2.1x Since Reconstruction Amidst Difficult Backdrop
Focus on Growing CA
Share of Top 20 Depositors
1
Residual consists of Inorganic
105,364
162,947
197,192
217,502
26.6%
26.1%
31.1%
30.8%
9.0%
11.7%
13.4%
15.4%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
Mar'20 Mar'21 Mar'22 Mar'23
Total Deposits CASA Ratio (RHS) CA Ratio (RHS)
All figures in INR Crs
4
5,782
7,290
6,120
Mar'21 Mar'22 Mar'23
Recoveries and Upgrades
13,703
5,747
4,792
8.2%
3.2%
2.4%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
-
2,000
4,000
6,000
8,000
10,000
12,000
14,00 0
16,000
FY21 FY22 FY23
31-90 Days Overdue % of Net Advances (RHS)
Fortified Balance Sheet - Marked Improvement in Asset
Quality
0.9%
0.9%
0.3%
1.6%
5.0%
5.9%
4.5%
0.8%
5.9%
6.8%
4.8%
2.4%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
Mar'20 Mar'21 Mar'22 Mar'23
Net Carrying Value of SRs Net NPA Ratio
Both i) Net NPA and ii) Net NPA + Net carrying Value of SRs,
consistently trending lower
1
Strong Past Trend of Recoveries & Upgrades of INR ~20,000 Crores
since Reconstruction (INR Crores)
2
Significant Improvement in all 31-90 Days Overdue Loans (INR Crores)
3
12,035 5,795 4,775
7.1%
3.3%
2.5%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
FY21 FY22 FY23
Gross Slippages % of Avg. Advances
Gross Slippages continues to trend lower
4
All figures in INR Crs
Pro-forma Incremental
Ageing Related
Provisioning
1
In FY24E ~0.8%
In FY25E ~1.0%
In FY26E ~0.4%
1. Any recoveries / upgrades in the interim will lower the aforesaid ageing related impact on credit cost; balance ageing provisions spill over beyond FY26
5
Protected PPOP/ Assets during the strategic shift
towards Granular Franchise through Efficiency Gains
1.0%
0.9%
0.9%
FY21 FY22 FY23
PPOP/ Assets
2
50
167
77
163
65
181
95
197
90
201
115
218
Retail Advances Bank Advances Retail Deposits Bank Deposits
FY21 FY22 FY23
All figures in INR ‘000 Crs
1
Based on Internal Business Segmentation and may not match with regulatory definitions
2
Normalised PPOP excluding Interest Recoveries from NPA in NII and realised/ unrealised gain on Investments in Non-Interest Income; for FY21 PPOP incorporates accounting changes
made in Q2 FY22 to align with the RBI Circular dated August 30, 2021 and other one-offs during the year
Significant investments into the Retail franchise over past few years in order
to organically build a sustainable franchise that delivers profitable growth
1
1
Efficiency gains in the Retail franchise has aided this strategic shift in mix- resulting
in stable PPOP/ Assets
2
Strategic levers to further improve core Operating Profitability through disciplined execution
Enhanced focus on
growth in CA and
granularity in SA
Further increase in
Retail Mix with
calibrated Yield
Enhancement
Stronger Fee
growth through
Cross sell and
Transaction
banking
Addressing RIDF/
PSL drag through
organic and
inorganic solutions
Operating Leverage
+ Productivity
Improvement via
Digitization
6
Contents
YES BANK of Today 3-6
YES BANK Franchise 8-28
ESG Led Responsible Banking
New Age Digital Platform
Universal Bank – One Bank For All Needs
Governance and Senior Management Team
Shareholding
Financials 30-43
s
Balance:
Sustainability
& Profitability
Balance:
Sustainability
& Profitability
Building
Resilience
against ESG risk
Capitalizing on
Sustainable Finance
opportunities
Key Highlights
First Bank globally with an ISO 14001:2015
certified Environmental Management System
covering 832 facilities
First Indian Bank to measure and report
financed emissions of its electricity
generation loan exposure and develop targets
to align with SBTi well-below 2°C scenario
Mobilized green and social finance towards
renewable energy, electric vehicles, SMEs,
rural farmers and women entrepreneurs
First Indian Bank to be a Founding
Signatory to UNEP FI Principles for
Responsible Banking and to sign the
Commitment to Climate Action, striving to
align its business strategy with the Paris
Climate Agreement
8
S&P Global
Highest ESG score
amongst Indian banks in
the S&P Global Corporate
Sustainability Assessment
(CSA) 2022
CDP
Rated ‘A-’ for its 2022
Climate Change
disclosures - highest
rated Indian Bank. Only
Bank amongst 16 Indian
companies in Leadership
band (A and A-)
Moody’s ESG
Solutions
Ranked 5th in ESG,
amongst 90 Retail &
Specialized Banks in
Emerging Markets
Launched India’s first Green Bond and first Green Fixed Deposit
5
Promoting sustainable finance
Associated with the Task Force on Sustainable Finance (constituted by
the Department of Economic Affairs, Ministry of Finance, Government of
India) as a co-lead of the work stream ‘Building Resilience in the Financial
Sector’
4
Engaging stakeholders
Instituted an Environment and Social Risk Management System (ESMS)
to integrate E&S risks into overall credit risk assessment framework
1
Addressing Climate & ESG Risk
Committed to reduce greenhouse gas (GHG) emissions from operations
to net zero by 2030. Switched to renewable energy at the Bank’s
headquarters, YES BANK House
2
Net zero by 2030
Board – level CSR and ESG committee; Executive – level Sustainability
Council led by MD &CEO
ESG-linked KPIs for Top Management
Enhanced sustainability disclosures aligned to GRI and Taskforce on
Climate-related Financial Disclosures (TCFD) recommendations
3
Enhancing governance & disclosures
Responsible franchise committed to a purposeful ESG
agenda
Digital & Transaction Banking:
Sustainable & Granular Revenues through Digital Payments, Trade Finance & Cash
Management
PPI @ Product Penetration Index, FB @ Fund Book, NFB @ Non-Fund Book, EXIM @ Export & Import, TBG @ Transaction Banking Group, DB @ Digital Banking
Superior
Service
90% of our Corporate CASA clients is covered by dedicated
Service Team, with query resolution at 93% First Time Right with
92% TAT adherence
~100,000 client queries addressed
successfully by our Corporate Client
Management team
TBG -Corporate Client Mgmt.
(CCM) unit is now ISO 9001: 2015
Certified
Digital Payments | Trade Finance | Cash Management | Capital Markets | Custody | Bullion & Currency | Remittances | Supply Chain
Product
Leadership
Market Leadership – YBL processes 1 in 3 Digital Payment transaction in India
UPI - 40% Rank #1 | NEFT - 18% Rank #1 | IMPS -11% | NACH – 6% | AePS – 21%
28x in YesMoney, 3x in YesOnline and 4x in IRIS –YesMobile growth in
Transaction Value in last 3 years
Corporate Cash Management Thruput has grown by 3x in last 3 years
98% of our Cash Management thruput comes from Digital modes
Digital Smart Trade Platform platform saw 20% YoY growth by volume
Corporate Trade Non-Fund & Fund Book has increased by 27% and
Supply Chain Book increased by 54% in last 3 years
Strengthenin
g Franchise
2+ PPI* in Corporates covers 82% CA, 97% CMS Thruput, 95% Trade
FB*, 88% Trade NFB* & 96% EXIM* flows
95% of our Corporate CASA is embedded with Digital & Transaction
Banking Product & Solutions
70% of all Lending Clients have 2+ TBG & DB Product Embedment
TBG led FX income has increased by 75% in last 3 years
9x growth in UPI, 8X growth in IMPS, 2.5x growth in AePS, 16x growth in
BBPS in last 3 years
93% growth in TBG* Managed CA, 22% growth in Trade NFB and 63%
growth in Digital & Transaction Banking Fees in last 3 years
9
Curated & Expansive Digital Offerings
Enriched customer experience across all customer segments
10
Source Digital Onboard Digital Transact Digital Service Digital Monitor Digital
Prepaid Instruments (PPI)
Corporate PPI Cards to Manage
Expenses
Prepaid Instruments (PPI)
Wallets /Travel / GIFT / Expense
Cards
Retail
Individuals
Corporate
and SMEs
Yes Robot –
24x7 personalized AI
powered Chatbot
Digital Rupee
CBDC Wallet for Individual
Customers
Yes Online -
Revamped, Simplified and Futuristic
Net Banking Service
IRIS – (Mobile Platform)
Revamped, Intuitive, Futuristic Super
APP in making
Whatsapp Banking –
Convenient, secure inquiry &
transacting Banking Channel
Yes Pay (BaaP) –
Digital Payment Super APP
Corporate & MSME Banking
Revamped, Simplified and Futuristic
Net Banking Service
API Banking (BaaS)
Expansive and growing API Banking
Services for New Age Businesses
Embeded Banking (BaaS)
SDKs to provide seamless Digital
experience for SuperApps /
NeoBanks and Fintechs.
Smart Trade
Digital Online Trade Platform for
Corporate and SMEs
Yes Connect (BaaP)
Corporate Super APP with Yes Bank
and partner Services
Merchant Collection
POS, QR Code (UPI / CBDC), Cash &
Cheque Solutions for Merchants and
Retailers for Digital Collections
Enriched customer experience – IRIS
SuperAPP for Retail Customers
11
▪ IRIS is a cloud native API-led mobile platform offering banking on fingertips across customer lifecycle
▪ Leveraging 30% mobile native consumers + Digital India stack to build a highly scalable and low C2I digital business model
Key Differentiators
▪ India’s first banking app
built on co-creation
▪ Simple & intuitive design
▪ Significantly enhanced
and superior banking
experience with
acquisition & onboarding
journeys
▪ Complete customer
lifecycle with hyper-
personalized financial
experiences
Products & Features Snapshot
Live on IRIS
Customer Lifecycle
NTB
Acquisition
Onboarding Cross-sell Services Transactions Value added
experiences
Credit Cards
Wealth &
Protection
Financial Planner Insurance
Personal Loans
Growth
Mutual Fund Auto Loans
UPI/ Fund
transfer
Payments
Remittances Bill Payments
Savings account
Savings
Deposits Spend Analyzer
ONDC
Experiences
IRIS gold club Service Bot
Promising green shoots in CUG
– To be launched soon
1.2 lac active users within 4 few months of CUG launch
(78% of required base)
Targeting 30% of new digital acquisition of the
bank
Exchange Houses
Manufacturers
MSME
FinTechs
Pharma
NBFCs
Co-operative
Banks
Hospitality
Others..
Traders
Hospital
Education
Solutions
Public Digital Infra -
ONDC, CBDC, ULIP etc
Cardless cash
withdrawal
Payments (FT2/IMPS)
Prepaid issuance &
Management
Card Solution Mgmt.
Smart
Collections
Trade Finance
Services
Supply Chain Business
Merchant acquiring
YES Bank &
Partner
Stack
Digital KYC
Payment Aggregator
Services
Digital Loan Mgmt.
Expense Mgmt.
E-Invoicing
Remittances
Neo Bank services
ERP Integration
Statutory Payments
Digital KYC &
Due-diligence
& Many Others
Enriched customer experience – YES Connect
Super App for Businesses
12
API’fication of our Marketplace model
(YES Bank + Partner Offerings)
Sachetization of Solutions across Industry Segments
YES Bank Services Partner Services
Embedded (Connected) Banking
Digitizing client journeys and creating inorganic client acquisition funnel thru
Fintech partnerships
13
Partnership roadmap of Digital & Transaction Banking
Source Digital Onboard Digital Transact Digital Service Digital Monitor Digital
▪ Digital Acquisition at Scale
thru Partnerships – CA-SA
accounts, Supply Chain,
Cards, Retail Assets, etc
▪ Digital Client Onboarding &
Product Setups
▪ Digital a/c Opening
▪ with Instant a/c Operations
▪ API’fication of all Bank Products
▪ Create STP journeys for Liability
& Asset products
▪ FinTech Partnership &
integration
▪ Digital tools for FTR query
resolution at low cost model
▪ Data led Service resolution
▪ Digitalized reporting & MIS
▪ End-to-end digital Sales force
▪ Digitalized Compliance, FRM,
AML
FY'21 FY'22 FY'23 YTD
450+
API Stack
30+
FinTech Partnerships
Future ready for both
BaaS & BaaP Models
New To Bank Clients Thruput in Cr
Connected Banking creating a Digital Acquisition funnel
85%
Yearly Run-rate Yearly Run-rate
200%
50+ Large Strategic
Partnerships in Pipeline
FY'21 FY'22 FY'23 YTD
FY’23FY’22FY’21 FY’23FY’22FY’21
Current
Account
X-border
remittance
Investment
Credit
Cards
FX Cards
Commercial
Card
Deposits
Personal
Loan
Saving
Account
Business
Loan
Working
Capital Loan
Supply Chain
Loan against
Securities
Quantum Force Multiplier for Inorganic Client Acquisition across…
Yes Pay
Open Market “Payments Super App” for Retail individual & merchants
14
One-stop mobile applications to seamlessly manage all domestic payment (Wallets, UPI, Bills, Digital Card & POS, Transit
Yes Pay Biz | Yes Pay Lite | Yes Pay Next
Creating a curated database & funnel for targeted NTB client acquisition
Yes Pay Next
For Individual Customers
Yes Pay Biz
For Retailers
Pioneer in leveraging Public Digital Infrastructure
Contributing to building new-age India through collaboration on Key Digital Initiatives
Government
Digital
Ecosystem
Open Network for Digital
Network (ONDC)
Open Credit Enablement
Network (OCEN)
Account Aggregator (AA)
Unified Logistics Interface
Platform(ULIP)
Regulatory Sandbox
Central Bank Digital
Currency (CBDC)
Digital Initiatives
YES Differentiators
Enables Digital Onboarding
Digital Cash flow financing
Leverage Market Ecosystem
Efficient Cash Management
Data Driven Solutioning
Enabling Cross-Boarder Payments
Principle Objectives
Consent Layer for Data sharing system making
lending and wealth management faster
An initiative of the government to democratize
digital commerce built on Beckon protocol
Creating a common language for collaboration
and partnership with lending service providers
(LSPs)
Continuous innovation and engagement for
the evolving BFSI sector
Democratizing logistical information to
augment supply chain
Sovereign digital Currency
CBDC W- Pilot G-Sec,
CBDC R- eRupee wallet
YES BANK Joins ONDC Pilot
Transaction at VARAHI Limited, with
Seller APP
YES BANK - 1st Bank to partner with
GOI for development of different uses
cases, at Launch of ULIP, New Delhi
YES BANK launches 1
st
CBDC Pilot
Transaction at Reliance Retail Outlet,
Mumbai
15
Retail Bank:
Full spectrum retail bank growing with strong momentum
572
490
586
675
838
Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23
65,250
71,506
78,400
83,769
90,447
Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23
121,535
119,960
124,346
127,134
128,948
Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23
Pan-India
presence via 1,192
branches, 150 BC
banking outlets
and 1,301 ATMs,
CRM’s & BNA’s
Leadership /
significant share
in payment and
digital
businesses
(UPI, AEPS, DMT)
Cater to all
customer
segments (HNI,
affluent, NRIs,
mass, rural and
inclusive banking)
with full product
suite
Advanced score-
cards and analytics
being leveraged
across underwriting
and engagement
~90% of
transactions via
digital channels
56% of branches in
Top 200 deposit
centers
+39% p.a.
+6% Y-o-Y
Strong growth in Retail Advances
…along with growth in CASA and Retail Term Deposits
In addition, continued momentum within Retail Fee Income
45%
36% 38% 41%
As % of total
advances
60%
62% 62%
As % of total
deposits
All figures in INR Crs
Highest Ever
44%
62%
Highest Ever
59%
16
96.7%
96.9%
97.2% 97.2%
97.5%
Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23
16%
16%
16%
15%
12%
7%
4%
4%
2%
2%
6%
Secured Business Loans
Auto Loans
Personal Loans
Home Loans
Commercial Vehicle Loans
Construction Equipment Loans
Credit Cards
Rural Banking
Business Loans
10,201
11,863
12,563
12,667
12,705
Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23
Highest Ever
17
1
Split basis gross retail advances
1
Retail asset disbursements momentum continues Diversified retail book
1
3
Preferred financier status
with leading Auto OEMs
On the back of purposeful digital investments
2
▪ Expanded Product offerings through launch of
Education Loan
▪ Loan in seconds (LIS) platform and front-end
automation initiatives (Yes Robot) have resulted in
lower TAT along with higher productivity
▪ Adopted the account aggregator ecosystem as FIU
/ FIP to capitalize on consent layer of India stack
▪ Sales Force implementation helping in process
improvement and customer delight
▪ Pre-qualified Gold Loan OD for existing customers
24x7 digital process
Strong focus on book quality & collections
4
▪ High share of secured loans in Retail Assets book - 80%, with healthy LTV ratios:
– Avg. LTV for Affordable Home Loan ~67%
– Avg. LTV for LAP ~56%
All figures in INR Crs
Retail Assets:
Fast growing diversified book
857
535
736
806
443
Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23
Rural Assets:
Deepen the penetration in emerging rural markets & generate Agri PSL
18
1
Business originations Robust Farmer financing book & improved collections in JLG book
3
Capturing Rural value chain with geographic diversification
2
Analytics for expansion towards paperless processing
4
▪ 100% book qualifies under granular PSL lending
▪ Product suite to cater to all segments of semi urban/ rural ecosystem
▪ Parameterized lending in the granular book for faster disbursements
Book size : INR 4,836 Cr
▪ Diversified portfolio across
~225 districts in 15 states
▪ Rich pedigree of working
with credible BC partners
▪ Grid based framework for
MFI lending (Parameters
include AUM size, capital
adequacy, external rating,
delinquency, diversification
etc.)
Book Split (value) by segments
▪ High quality farmer financing book with NPA of 1%
▪ NPA <2% in the JLG book generated post–COVID (disbursements on or after April 1,
2020; constitute ~96% of total book) inline with the microfinance industry standards
▪ Collection efficiency in JLG book improved significantly
▪ On ground portfolio monitoring/ trigger-based monitoring by an independent risk
monitoring team
▪ Digital & Analytics to enhance customer experience / reduce TAT
• Digital on-boarding, dedicated LMS for rule based sanctions & disbursements and
geo-tagged based monitoring
• Usage of Bureau data up to PIN code level for geographical expansions & periodic
portfolio scrub to monitor portfolio health
• Leveraging Fintech/ digitechs for underwriting and risk management
30%
10%
56%
4%
JLG financing
Institutional MFI
financing
Farmer financing
(KCC + Farm
Mechanization)
MSME financing
All figures in INR Crs
SME Banking:
Granular book creation with a solution led approach
5,089
5,001
6,008
6,104
7,389
Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23
11,731
11,714
12,127
13,282
14,321
Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23
1
Steady momentum in disbursements
1
Strengthening Relationship Management
3
High quality & well diversified granular book
2
Digital and Analytics at fulcrum of the franchise
4
Book Split by Ticket Size
▪ Dedicated teams for shaper focus in business originations & portfolio management
▪ 100% business originations from internal channels
▪ Digital enabled parameterized lending leading to faster credit decisioning
▪ Distributed portfolio leading to
reduced concentration risk
▪ Portfolio secured by collateral
in addition to primary security of
stock & book debts
▪ Customer churning and
portfolio utilization at pre-covid
level - reflecting portfolio
strength.
Liability Book
▪ One stop solution approach for all needs of entity and promoters
▪ Dedicated Physical RMs for relationship deepening across trade, retail, API banking, etc.
▪ Virtual RMs support to enable customers for engagement, services, enhancements & cross sell
▪ Digital & Analytics to enhance customer experience / reduce friction
• Analytics driven prospective client identification
• Digital Lending Platform - Seamless customer approval experience
• Self-assist digital tools - MSME App, Trade-On-Net, FX Online, etc.
• Robust EWS framework - early identification of incipient sickness & support frontline in
remedial management
• Digital documentation – E-Sign / E-Stamp launched for SME banking
1
Includes Limit Setups
Highest Ever
41%
17%
15%
16%
6%
4%
Upto 0-0.5 cr
0.5-1 cr
1-2 cr
2-5 cr
5-10 Cr
>10 cr
All figures in INR Crs
19
Credit Cards:
Strong business growth and enhanced customer experience
Growth in Acquisition and Cross sell
3
Distribution Outreach and Digitization
4
▪ Steady growth in new card acquisition leading to 20% YoY growth in customer base
to reach ~1.4 million base.
▪ Highest ever new card acquisition of 64000+ cards and Spends of 1715 Cr in
Mar’23
▪ Book size of INR 3,500 Cr+ at end of FY23. 63% YoY growth over Q4 FY22.
▪ Improvement in Revenue per customer through Cross-sell: 34% growth in term
book YoY
▪ Digital acquisition contribution is at 81% leading to seamless customer onboarding
experience ( ETB& NTB) and reduced cost
• Equipped with Video KYC and Biometric for a fully digital ‘paperless’ customer
onboarding
• Enhanced Distribution outreach through Partnerships with Fin-techs and affiliates
▪ Digitization of value-added offerings to enhance customer experience-
• Launched ‘Smart IVR’ for self-service: Key information like Outstanding,
Available credit limit, Statement & Due Payment & Rewards points.
New Product Launches
2
Book Size in Cr
Spends in Cr
1
Sustained Strong Growth in Cards, Book Size & Card Spends
No of Cards In (000s)
1,451
2,162
3,525
2,288
2,676
4,673
Q4FY21 Q4FY22 Q4FY23
49.0%
Y-o-Y
63.0%
Y-o-Y
16.9%
Y-o-Y
74.6%
Y-o-Y
946
1,184
1,419
▪ Launched in Jan’23
▪ Industry first – completely customizable Card
▪ Select Card image & Card material (Normal / Metal / Eco –friendly)
of choice
▪ Customized perks and offers
▪ 7000 ~ Cards Sourced
Build Your Own Card
Subscription Plan
Get better benefits for an upfront subscription fee
Value Added Service
~3000 subscriptions sourced
20
19,910
21,220
23,121
24,730
27,045
Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23
72,413
69,948
65,372
55,828
53,986
Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23
2,837
4,390
3,703
6,569
4,153
Wholesale Banking:
Granularization of incremental lending book
1
Corporate Book & Disbursements – Debulking Continues Providing tailored solutions to clients across business segments
3
Large
Corporates
▪ Team of 195 Relationship Bankers spread across 10 locations servicing 950 +
corporates and a team of 26 Product Specialists across Renewables / Infra /
Port / Road sectors / Loan syndication
▪ Focus on Trade borrowers : Letter Of Credits and Bank Guarantee of ~ INR
45,176 Cr
▪ Focus on deposit mobilization from top corporates with average deposit (AMB)
of ~ INR 37,000 Cr
▪ Continued de-risking of stressed exposure with reduction of ~INR 9,000 Cr
achieved in FY23
▪ New Credit Limits of INR 10,000 Cr sanctioned during Q4FY23, and 29 new
corporate relationships added.
Institutional
& Govt
Banking
▪ Team of 205 Relationship Bankers covering Financial Institutions and financial
sector entities, Government entities and Multinationals
▪ Market leading position in cross border remittances
▪ Solutioning led wholesale liabilities franchise across Government entities, Co-
operative sector, BFSI and Fintech
▪ Tailored custody services
▪ Granular advances growth with capital light fee driven business model
Mid
Corporates
▪ Team of 305 members with a strong coverage with presence in 37 key
locations
▪ Granular portfolio with a focus on knowledge banking
▪ Deeply entrenched in new-age entrepreneurship ecosystem by providing
bespoke digital solutions, incubation and networking platforms
Mid Corporate Break up – Granularity improving
2
Book
Disbursements
1
Book
Disbursements
1
1
Excludes movement of CC/OD
939
847
1,139
1,166
1,573
All figures in INR Crs
21
Large Corporates
Products
▪ Higher the proportion of well rated corporates in
Advances
▪ Continued reduction in stressed book &
improvement in portfolio rating
▪ Growth in Working Capital, Trade Flow business
▪ Focus on granularizing the portfolio.
▪ Average limit of new sanctions in Q4: Rs 140 Cr
▪ ECLGS exposure is 1.5% of total LC exposure &
92% of LC borrowers haven't availed ECLGS.
Portfolio Quality and Risk
▪ Proactive EWS mechanism
▪ Detailed screening of new names prior to on-
boarding
▪ Focus on Trade Corridors for imports and exports
business
Analytics
▪ Auto
▪ Cement
▪ Chemicals
▪ Engineering
▪ Fertilizers
▪ FMCG
▪ Food & Agri
Focus Sectors
▪ Metals
▪ IT / ITES
▪ Logistics &
Warehousing
▪ Oil & Gas
▪ Healthcare & Pharma
▪ Renewables
▪ Steel
Presence in 10 major locations
▪ Delhi
▪ Kolkata
▪ Mumbai
▪ Pune
▪ Ahmedabad
Pan India Presence
▪ Bengaluru
▪ Chennai
▪ Hyderabad
▪ Coimbatore
▪ Kochi
▪ Working capital Finance, Project Finance,
Supply Chain Finance , FX and Derivatives.
▪ Growing non-fund book - Letters of Credit, Bank
Guarantees (~INR 45K crores) from high quality
Large Corporates
▪ 130 New Corporates onboarded in FY’23
▪ Digital, Collection & Payments, Liquidity
Management Solutions for large corporates
▪ Major contributor to Bank’s Liabilities business
▪ Onboarding new clients via Debt Capital
Markets solutions
▪ Cross-sell via corporate salary accounts
origination by Consumer Bank & Credit Cards
from LC client base
22
Institutional & Government Banking
Anchoring the Wholesale liabilities franchise
YES BANK’s Institutional & Government Banking Group is divided into 7
segments
Cooperative banks, Scheduled
commercial banks & DFIs, NBFCs,
Insurance, Mutual Funds, Stock
brokers and payment operators
International
Banking
Indian Financial
Institutions
Banking
Corporate &
Government
Advisory
FASAR
Government
Banking
Multinational
Corporate
Banking
Institutional &
Government
Banking
IFSC Unit
Bank’s only Offshore branch at
GIFT City, Gandhinagar
Central and State
Government/ public sector
undertakings
Multinational
Corporate Clients
International banks, Global
DFIs and Cross border
money transfer operators
CGA advises emerging sectors
of Electric Mobility & Urban Infra
FASAR provides project advisory
services in the Food & Agri space
23
Mid Corporates
Growth led by NTB and X-sell -
higher wallet share and
productivity
Strong coverage – presence in
37 key locations
Sustainable growth in fund
based book - Increase Term
Loan share
ECOM Team
Unicorn and Soonicorn Focus
Knowledge Sectors – Media &
Entertainment, Gems & Jewellery,
Food & Agri, Pharma, Chemicals,
Auto ancillary, Logistics, Metals
Laser Sharp focus on portfolio
quality
Customers provide a multiplier
effect for Branch Banking
offerings - YCOPS, Wealth, TASC,
Credit Cards
Initiatives to maintain Bank’s
Leadership Position in startup
ecosystem through engagements like
API banking, Customized Digital
Solutions/UPI/PPI, Digital Escrow and
Advisory Services (accelerator
programs)
Increase Fee contribution through
Augmenting credit & non-credit Trade/CMS
income. Focus on digital channels like
Trade On Net, digital banking, API
integration.
Synergies with YSL, FASAR & Treasury
24
Financial Markets –
Customised solutions for clients
25
60+ Member experienced
professionals
32%
36%
32%
>15 yrs
5-15 yrs
<5 yrs
Full
Product
Suite
Remittances
Currenc
y Notes
Imports
Forward
s
FX
Options
FX and
Interest
Rates
Swaps
Exotics
Active FX trading desk
for market making
providing best in class
pricing for customer
transactions and
Propriety trading
FX All
FX GO
YesFX
CCIL FX Retail
Platform
YesFX Online
Available across digital
platforms for Rate booking
Retail Contributes 45% of
overall income
FX Sales
Debt Capital
Markets
Our Experience
1000+
Transactions originated
since inception
100+
Years of collective
Team experience
50+
First-time issuers
introduced to Debt
Capital Markets
Numerous maiden issuances & multiple repeat
mandates
Gsec/ SDLs/ IRS Vanilla
Bonds / Commercial
Paper
Securitization / Credit
Enhanced Structures
Hedging Products like
IRF and OIS
High Yield Credits
InvITs &
Project Bonds
Bank / NBFC
Debt
Comprehensive Product Suite
▪ Mutual Funds
▪ Banks
▪ Insurance Companies
▪ NBFCs
▪ Private Wealth Management
▪ Retiral Funds
▪ Corporate Treasuries
▪ Alternate investment Funds
▪ FPIs
▪ UCBs & RRBs
Diversified Investor Connect
Corporates
NBFCs & FIs
Banks
InvITs
Connect with a wide range
of Large/Mid-Size Issuers
2
nd
Largest Bank for
Bullion in India
Bullion Desk
Gold
Metal
Loan
SilverGold
Consignment import
Outright domestic and Export
Sales
Customer Types
Bullion Traders
Jewellery Mftg
Jewellery Exporters
Robust Governance Structure – Board Members
26
Eminent and Experienced Board
1
Nominee of Verventa Holdings Limited
2
Nominee of CA Basque Investments
Sadashiv Srinivas Rao
Independent Director
Shweta Jalan
1
Non-Executive Director
Sharad Sharma
Independent Director
Rekha Murthy
Independent Director
Thekepat Keshav Kumar
Nominee Director appointed by SBI
Atul Malik
Independent Director
Nandita Gurjar
Independent Director
Sandeep Tewari
Nominee Director appointed by SBI
Sanjay Kumar Khemani
Independent Director
Sunil Kaul
2
Non-Executive Director
Rama Subramaniam Gandhi
Non-Executive, Part time Chairman,
Independent Director
Prashant Kumar
Managing Director & CEO
Rajan Pental
Executive Director
Professional and Seasoned Management team
27
Prashant Kumar
Managing Director & CEO, YES Bank
Niranjan Banodkar
Chief Financial Officer
Archana Shiroor
Chief Human Resources Officer
Rakesh Arya
Chief Credit Risk Officer
Sandeep Mehra
Chief Vigilance Officer
Shivanand R. Shettigar
1
Company Secretary
Kapil Juneja
3
Chief Internal Auditor
Sumit Gupta
2
Chief Risk Officer
Ashish Chandak
3
Chief Compliance Officer
Ravi Thota
Country Head, Large Corporates (LCs)
Amit Sureka
Country Head, Financial Markets
Harsh Gupta
Country Head, Stress Asset Management
Arun Agrawal
Country Head, Institutional & Govt Banking
Ajay Rajan
Country Head, Transaction Banking
Indranil Pan
Chief Economist
Gaurav Goel
Country Head, Emerging Local Corporates
Rajan Pental
Executive Director
Dhavan Shah
Country Head, Small Medium Enterprises Banking
Dheeraj Sanghi
Country Head, Branch Banking Affluent Banking &
- Retail Banking
Akshay Sapru
Country Head, Liabilities Product and Retail
Wealth
Lavesh Sardana
Country Head, Retail Assets and Debt
Management, Retail Assets
Sanjiv Roy
Country Head, Fee Based product & Service
Experience
Sachin Raut
Chief Operating Officer
Karthikeyan J
Chief Data and Analytics Officer
Mahesh Ramamoorthy
Chief Information Officer
Nipun Kaushal
Chief Marketing Officer and Head CSR - Marketing
and Corporate Communication
Anil Singh
Country Head, Credit Cards and Merchant
Acquiring - Credit Cards
1
Reports directly to the Chairman of Board
2
Reports directly to the Risk Management Committee of the Board
3
Reports directly to the Audit Committee of the Board
Strong Investor base
28
Well diversified Investor base:
Shareholding Pattern as on March 31, 2023
1
LIC along with its various schemes
26.1%
6.4%
6.4%
4.3%
3.5%
2.6%
1.6%
1.3%
1.0%
1.0%
45.7%
STATE BANK OF INDIA
CA BASQUE INVESTMENTS
VERVENTA HOLDINGS
LIFE INSURANCE CORPORATION OF INDIA
HOUSING DEVELOPMENT FINANCE
CORPORATION LIMITED
ICICI BANK LIMITED
AXIS BANK LIMITED
KOTAK MAHINDRA BANK LTD
AMANSA HOLDINGS PRIVATE LIMITED
IDFC FIRST BANK LIMITED
Others
1
Category %
Banks 33.0%
FDI 12.9%
Resident Individuals 29.9%
FPI’s 10.3%
Body Corporates 6.8%
Insurance Companies 4.6%
Others 2.5%
TOTAL 100.0%
YES BANK of Today 3-6
YES BANK Franchise 8-28
ESG Led Responsible Banking
New Age Digital Platform
Universal Bank – One Bank For All Needs
Governance and Senior Management Team
Shareholding
Financials 30-43
Contents
Results At a Glance – Q4FY23
All figures in INR Crs
1
Includes Limit Setup & New Sanctions
2
Excluding INR 3,069 Crs in Q4FY23 and 3,031 Crs in Q3FY23 of Interbank Reverse Repo classified as Advances as per RBI Master Circular No
DOR.ACC.REC.NO.37/21.04.018/2022-23
3
Q-o-Q and Y-o-Y trends not strictly comparable on account of full impact of ARC transaction in Q4FY23
4
Average for the quarter
Arrows indicative of Q-o-Q comparison
CD Ratio
2
92.0%
89.7% Q3FY23
91.8% Q4FY22
Advances Mix
2
59%:14%:27%
58% : 13% : 29% in Q3FY23
49% : 11% : 40% in Q4FY22
CASA Ratio
30.8%
29.9% Q3FY23
31.1% Q4FY22
NIM%
3
2.8%
2.5% Q3FY23
2.5% Q4FY22
C/I Ratio
72.1%
70.7% Q3FY23
71.3% Q4FY22
Total Assets
354,786
3.2%: Q-o-Q
11.5%: Y-o-Y
Advances
203,269
4.5%: Q-o-Q
12.3%: Y-o-Y
Total Disbursements
1,2
26,317
27,311 Q3FY23
19,923 Q4FY22
Deposits
217,502
1.8%: Q-o-Q
10.3%: Y-o-Y
Operating Profit
889
-2.7%: Q-o-Q
14.8%: Y-o-Y
YES Bankers
27,517
25,883 in Q3FY23
24,346 in Q4FY22
CET 1 Ratio
13.3%
GNPA
2.2%
NNPA
0.8%
Non-Interest Income
1,082
-5.3% Q-o-Q
22.8% Y-o-Y
LCR
4
13.0% Q3FY23
11.6% Q4FY22
2.0% Q3FY23
13.9% Q4FY22
1.0% Q3FY23
4.5% Q4FY22
Profit After Tax
202
292.8% Q3FY23
-44.9% Q4FY22
118.5%
113.3% Q3FY23
114.6% Q4FY22
v/s.
v/s.
v/s.
v/s.
v/s.
v/s.
v/s.
v/s.
v/s.
Retail & SME: Mid Corp: Corporate
v/s.
Net Interest Income
2,105
6.8% : Q-o-Q
15.7% : Y-o-Y
30
Highlights for Q4FY23 and FY23
▪ Net Profit at INR 202 Crs for Q4FY23 despite accelerated provisioning during the quarter
▪ Net Profit for FY23 at INR 717 Crs- second straight year of full year profitability
▪ Core Operating Performance sustains momentum:
• NII at INR 2,105 Crs for Q4FY23 up 15.7% Y-o-Y and 6.8% Q-o-Q; NII at INR 7,918 Crs for FY23 up
21.8% Y-o-Y; NIMs at 2.8% for Q4FY23 vs. 2.5% last year and last quarter
• Non-Interest Income at INR 1,082 Crs, up 22.8% Y-o-Y; Non-Interest Income for FY23 at INR
3,927 Crs, up 20.4% Y-o-Y. Ex- Realised/ unrealised gain on sale of Investments, Non-Interest
Income for FY23 up 31.1% Y-o-Y
• Operating Profit for Q4FY23 at INR 889 Crs; Operating Profit for FY23 at INR 3,183 Crs up 9.2% Y-o-
Y; Normalised Operating Profit
1
for FY23 up 22.6% Y-o-Y
Sustained Earnings: Second straight year of full year profitability
▪ (NNPA + net carrying value of SR) as % of Advances at 2.4% in Q4FY23 vs. 3.0% last quarter
• GNPA ratio at 2.2% as of Mar 31, 2023, v/s 2.0% last quarter and 13.9% last year; NNPA ratio improved
to at 0.8% v/s. 1.0% last quarter and 4.5% last year
• Significant step-up in Provision Coverage Ratio
2
of NPA to 62.3% v/s 49.4% last quarter
▪ Robust Recoveries and Upgrades continue to outpace Gross Slippages
• Strong Resolution momentum with recoveries and resolutions at INR 6,120 Crs
3
in FY23 vs. target of INR
5,000 Crs; total Recoveries and Resolutions at INR 1,733 Crs
3
in Q4FY23
• Gross Slippages at INR 4,775 Crs for FY23, lower by 17.6% Y-o-Y. Gross Slippages at 1,196 Crs for
Q4FY23 lower by 25.7% Q-o-Q
Marked improvement in Asset Quality: ~60 bps Q-o-Q reduction in (NNPA + net
carrying value of SR) %
▪ Sustained improvement in quality, granularity and capital efficiency
• Balance Sheet grew 11.5% Y-o-Y and 3.2% Q-o-Q; Advances up 12.3% Y-o-Y and 4.5% Q-o-Q,
and Deposit grew 10.3% Y-o-Y and 1.8% Q-o-Q - average deposit balance for the year and
quarter grew ~16% Y-o-Y
• Organically unlocked Capital: CET 1 at 13.3% v/s 11.6% last year and 13.0% last quarter; Total CRAR
at 18.0%; RWA to Total Assets improved to 69.1% from 72.8% last year and 70.9% last quarter
• Strong momentum in new business generation with Gross disbursements at ~INR 1 Lac Crs for
FY23 and INR 26,317 Crs for Q4FY23. Retail & SME : Mid Corporate : Corporate Mix further
improved to 59:14:27
3
v/s 58:13:29 last quarter
• CASA ratio improved ~90 bps Q-o-Q to 30.8% v/s 29.9% Q3FY23. Average CASA balance for
FY23 grew 26.3% Y-o-Y
▪ Added 83 new branches during FY23; branch count now at 1,192 v/s. 1,122 last year
▪ Issued the first Electronic Bank Guarantee (e-BG), in partnership with National E-Governance Services
Limited (NeSL)
▪ Partnered with Aadhar Housing Finance, one of India’s largest affordable housing finance companies to
provide convenient home finance solutions
▪ The first bank in Asia Pacific to bring forth a debit card on Mastercard’s premium World Elite Platform – a
signature global program catering to Ultra High Net Worth individual (UHNI) customers
▪ YES BANK has been certified as Great Place to Work by Great Place to Work (GPTW) Institute, India and is
ranked among the top 50 in ‘India's Best Workplaces in BFSI 2023’
1
NII normalised for Interest Income from NPA/ NPI; Non- Interest Income normalised for realised/ unrealised gain on sale of Investments;
2
Excluding Technical Write-offs. Historical disclosures were inclusive of
technical write-offs
3
Including redemption of SRs, net off the 15% Cash component paid upfront at time of transaction
4
Excluding INR 3,069 Crs in Q4FY23 and INR 3,031 Crs in Q3FY23 of Interbank Reverse Repo
classified as Advances as per RBI Master Circular No DOR.ACC.REC.NO.37/21.04.018/2022-23
Granular Growth & organic unlocking of Capital: CET 1 % up 30bps Q-o-Q Key initiatives
31
Profit and Loss Statement
32
▪ Net Profit at INR 202 Crs despite
accelerated provisioning during the
quarter
▪ Core Operating Performance sustains
momentum
– NII at INR 2,105 Crs for Q4FY23 up
6.8% Q-o-Q and 15.7% Y-o-Y
– NIM at 2.8% up 30 bps Q-o-Q
– Non-Interest Income at INR 1,082
Crs, up 22.7% Y-o-Y
▪ Net Profit for FY23 at INR 717 Crs lower
by 32.7% Y-o-Y largely on account of
step up in PCR through accelerated
provisioning
– NII at INR 7,918 Crs for FY23 up
21.8% Y-o-Y
– NIM at 2.6% for FY23 up 30 bps Y-
o-Y
– Non-Interest Income for FY23 at INR
3,927 Crs, up 20.4% Y-o-Y
▪ Normalised C/I
1
for FY23 broadly flattish
despite significant change in business
mix towards Retail Segment
Growth
Q4FY23 Q3FY23 Q4FY22 Q-o-Q Y-o-Y FY23 FY22 Y-o-Y
Net Interest Income 2,105 1,971 1,819 6.8% 15.7% 7,918 6,498 21.8%
Non Interest Income 1,082 1,143 882 -5.3% 22.8% 3,927 3,262 20.4%
Total Income 3,188 3,114 2,701 2.4% 18.0% 11,844 9,760 21.4%
Operating Expenses 2,299 2,200 1,927 4.5% 19.3% 8,661 6,844 26.5%
Human Resource Cost 854 857 772 -0.4% 10.6% 3,363 2,856 17.8%
Other Operating Expenses 1,445 1,343 1,155 7.6% 25.1% 5,299 3,989 32.8%
Operating Profit/(Loss) 889 914 774 -2.7% 14.8% 3,183 2,916 9.2%
Provisions 618 845 271 -26.9% 127.8% 2,220 1,480 50.0%
Profit Before Tax 271 69 503 293.9% -46.1% 963 1,436 -32.9%
Tax Expense 69 17 136 297.1% -49.2% 246 370 -33.6%
Net Profit / (Loss) 202 52 367 292.8% -44.9% 717 1,066 -32.7%
Yield on Advances 10.2% 9.0% 8.2% 8.9% 8.1%
Cost of Funds 5.9% 5.7% 5.1% 5.5% 5.3%
Cost of Deposits 5.6% 5.3% 4.8% 5.2% 5.0%
NIM 2.8% 2.5% 2.5% 2.6% 2.3%
Cost to income 72.1% 70.7% 71.3% 73.1% 70.1%
Profit and Loss Statement
Quarter Ended
Growth
Year Ended
1
NII normalised for Interest Income from NPA/ NPI; Non- Interest Income normalised for realised/ unrealised gain on sale of Investments
All figures in INR Crs
Break Up of Non-Interest Income
33
▪ Non-Interest Income at INR 1,082 Crs for
Q4FY23, up 22.8% Y-o-Y, down 5.3% Q-o-
Q
▪ Ex- realised/ unrealised gain on
Investments, Non-Interest Income
1
for
Q4FY23 up 16.3% Y-o-Y and 4.9% Q-o-Q
– Sustained Momentum in Retail
Banking Fees up 24.1% Q-o-Q &
46.4% Y-o-Y at INR 838 Crs
– Corporate Trade & Cash
Management fees grew 11.0% Q-o-
Q and 13.8% Y-o-Y
▪ Non-Interest Income for FY23 at INR
3,927 Crs, up 20.4% Y-o-Y. Normalised
Non-Interest Income
1
for FY23 up 31.1%
Y-o-Y
1
Normalised for realised/ unrealised gain on sale of Investments
Growth
Q4FY23 Q3FY23 Q4FY22 Q-o-Q Y-o-Y FY23 FY22 Y-o-Y
Non Interest Income 1,082 1,143 882 -5.3% 22.8% 3,927 3,262 20.4%
Corporate Trade & Cash Management 197 177 173 11.0% 13.8% 681 619 10.0%
Forex, Debt Capital Markets & Securities (4) 244 113 NM NM 503 749 -32.9%
Of which realised/ unrealised gain on
Investments
(73) 137 (26) NM 182.7% 31 290 -89.3%
Corporate Banking Fees 52 46 24 11.8% 116.4% 154 100 53.8%
Retail Banking Fees 838 675 572 24.1% 46.4% 2,589 1,806 43.4%
Trade & Remittance 92 88 69 4.2% 33.3% 333 236 40.9%
Facility/Processing Fee 126 108 81 16.7% 55.3% 400 292 37.1%
Third Party Sales 96 65 84 48.2% 14.4% 267 191 39.7%
Interchange Income 340 232 200 46.3% 69.8% 920 596 54.3%
General Banking Fees 184 182 138 1.2% 33.0% 669 490 36.5%
Year Ended
Break up of Non Interest Income
Quarter Ended
Growth
All figures in INR Crs
Break up of Operating Expenses
34
▪ Opex for Q4FY23 grew 4.5% Q-o-Q and
19.3% Y-o-Y
▪ Opex for FY23 grew 26.5% Y-o-Y v/s.
normalised Total Income growth of 25.6%
leading to flattish normalised C/I
▪ IT spends higher driven by AMC
escalation, depreciation related to
investments, support resources and
business SMS charges
Q4FY23 Q3FY23 Q4FY22 Q-o-Q Y-o-Y FY23 FY22 Y-o-Y
Staff 854 857 772 -0.4% 10.6% 3,363 2,856 17.8%
Business Volume linked 574 578 447 -0.8% 28.4% 2,111 1,464 44.2%
IT 245 224 179 9.4% 37.0% 900 689 30.6%
Premises 194 195 172 -0.5% 12.5% 753 693 8.7%
Professional Fees 128 109 108 17.9% 19.0% 451 291 55.0%
Others 304 237 250 28.2% 21.8% 1,085 852 27.3%
Total 2,299 2,200 1,927 4.5% 19.3% 8,661 6,844 26.5%
Cost Head
Quarter Ended
Growth
Year Ended
Professional Fees primarily comprise of Bureau costs and vendor fees related to Collections, Contact Centre and other consulting and legal costs
For reference: Breakup of Operating Expenses over last 8 quarters provided in Appendix
All figures in INR Crs
Provisions and P&L
35
NM = Not Measurable
▪ Provision costs for Q4FY23 declined
20.4% Q-o-Q, led by
– Security Receipts Redemptions of INR
1,178 Crs accrued to the Bank from JC
Flowers ARC accounts leading to INR
987 Crs of Provision write-back
▪ Provision Costs for FY23 grew 33.3% Y-o-
Y led by accelerated provisioning
▪ Gross Slippages for FY23 at INR 4,775
Crs (2.5% of avg. Advances) declined
17.6% Y-o-Y
– Retail Slippages for FY23 lower by
11.4% Y-o-Y despite strong growth in
Advances
▪ NNPA + net carrying value of SR as %
of Advances further decreased to 2.4%
v/s 3.0% last quarter
▪ Significant step up in PCR on NPA to
62.3% from 49.4% last quarter
Growth
Q4FY23 Q3FY23 Q4FY22 Q-o-Q Y-o-Y FY23 FY22 Y-o-Y
Operating Profit/(Loss) 889 914 774 -2.7% 14.8% 3,183 2,916 9.2%
Provision for Taxation 69 17 136 297.1% -49.2% 246 370 -33.6%
Provision for Investments (651) 2,902 530 NM NM 2,409 790 204.8%
Provision for Standard Advances (72) (107) (475) -32.5% -84.8% (150) (25) 494.8%
Provision for Non Performing Advances 1,311 (2,001) 227 NM 476.4% (17) 719 NM
Other Provisions 29 50 (12) NM NM (22) (4) 509.3%
Total Provisions 686 862 407 -20.4% 68.8% 2,465 1,850 33.3%
Net Profit / (Loss) 202 52 367 292.8% -44.9% 717 1,066 -32.7%
Return on Assets (annualized) 0.2% 0.1% 0.5% 0.2% 0.4%
Return on Equity (annualized) 2.0% 0.6% 4.3% 1.9% 3.2%
EPS-basic (non-annualized) 0.07 0.02 0.15 0.27 0.43
Break up of Provisions
Quarter Ended
Growth
Year Ended
All figures in INR Crs
Balance Sheet
36
▪ Balance Sheet grew 11.5% Y-o-Y
– C/D ratio at 92.0%
1
v/s. 91.8%
last fiscal and 89.7% in Q3FY23
▪ Advances growth at 12.3% Y-o-Y.
Normalized for ARC sale and
Reverse Repo, Advances Growth at
13.2% Y-o-Y
▪ ~1 Lac Crs of New Sanctions /
Disbursements in FY23
Balance Sheet 31-Mar-23 31-Dec-22 31-Mar-22
Growth %
(Q-o-Q)
Growth %
(Y-o-Y)
Assets 354,786 343,778 318,220 3.2% 11.5%
Advances 203,269 194,573 181,052 4.5% 12.3%
Investments 76,888 68,382 51,896 12.4% 48.2%
Liabilities 354,786 343,778 318,220 3.2% 11.5%
Shareholders Funds 40,742 40,154 33,742 1.5% 20.7%
Total Capital Funds 43,923 44,339 40,397 -0.9% 8.7%
Deposits 217,502 213,608 197,192 1.8% 10.3%
Borrowings 77,452 68,928 72,205 12.4% 7.3%
1
Excludes Reverse- repo classification
Disbursements
Q4FY23 FY23
Retail Assets
12,705
49,798
Rural Assets
498
2,572
SME
7,389
24,502
Mid Corporate
1,573
4,724
All figures in INR Crs
Break up of Advances 31-Mar-23 31-Dec-22 31-Mar-22
QoQ
Growth (%)
YoY
Growth (%)
Retail 90,447 83,769 65,250 8.0% 38.6%
SME 28,724 27,215 23,479 5.5% 22.3%
Mid corporate 27,045 24,730 19,910 9.4% 35.8%
Corporate 53,986 55,828 72,413 -3.3% -25.4%
Others (Reverse Repo) 3,069 3,031
Total Net Advances 203,269 194,573 181,052 4.5% 12.3%
▪ Sustained Granularization of
Balance Sheet:
– Retail Advances mix at 45.2%
v/s. 43.7% in Q3FY23(ex-
Reverse Repo adj.)
– CASA + Retail TDs
1
at 59%
– Average daily CA for FY23
grew by 30.4% Y-o-Y
– Average daily SA for FY23
grew by 23.7% Y-o-Y
– ~372K Retail CASA Accounts
opened in Q4FY23
Break up of Advances & Deposits
37
1
Based on Balances </= INR 2 Crs on an Account Level
Break up of Deposits 31-Mar-23 31-Dec-22 31-Mar-22
QoQ
Growth (%)
YoY
Growth (%)
CASA 66,903 63,927 61,360 4.7% 9.0%
Current Account 33,603 29,049 26,389 15.7% 27.3%
Savings Account 33,300 34,878 34,970 -4.5% -4.8%
CASA Ratio 30.8% 29.9% 31.1%
Term Deposits 150,599 149,681 135,832 0.6% 10.9%
Certificate of Deposits 291 3,236 4,264 -91.0% -93.2%
Total Deposits 217,502 213,608 197,192 1.8% 10.3%
All figures in INR Crs
61%
37%
2%
0.2%
Rating wise break up of Standard
Performing NSLR Investments
AAA AA BB Unrated
SLR 85%
HTM 3%
AFS 9%
HFT 3%
NSLR 15%
Investments breakup
Break up of Investments
38
▪ Total Net Investments at INR 76,888 Crs
▪ SLR – INR 65,158 Crs
▪ NSLR – INR 11,730 Crs
• Standard Performing – INR 6,497
Crs
• Others
1
– INR 5,233 Crs
1
Includes Equity Preference, CDR, US Treasury Bills, Security Receipts, NPI & Others
All figures in INR Crs
NPA Highlights
39
1
Excluding INR 3,069 Crs in Q4FY23 and INR 3,031 Crs in Q3FY23 of Interbank Reverse Repo classified as Advances as per RBI Master Circular No DOR.ACC.REC.NO.37/21.04.018/2022-23
2
Excluding technical write-offs
▪ Gross NPA Ratio at 2.2% vs 2.0%
in Q3FY23
▪ Slippages at INR 1,196 Crs for
Q4FY23 vs. INR 1,610 Crs in
Q3FY23.
Asset Quality Parameters
Gross NPA (%)
Net NPA (%)
Provision Coverage Ratio (%)
GNPA (%) GNPA (%) GNPA (%)
Retail 1,146 1.3% 960 1.1% 1,093 1.7%
SME 285 1.0% 232 0.9% 739 3.1%
Mid corporate 208 0.8% 143 0.6% 401 2.0%
Corporate Banking 2,755 4.9% 2,568 4.5% 25,743 28.4%
Total 4,395 2.2% 3,904 2.0% 27,976 13.9%
31-Dec-22 31-Mar-23
Opening Additions Upgrades Recoveries Write Offs Closing
Retail 960 697 149 115 247 1,146
SME 232 74 15 5 1 285
Mid corporate 143 72 0 6 1 208
Corporate 2,568 352 110 55 0 2,755
Total 3,904 1,196 275 182 249 4,395
31-Mar-22
13.9%
4.5%
70.7%
31-Mar-23
31-Dec-22
2.2%
0.8%
62.3%
2.0%
1.0%
49.4%
31-Mar-22
Segmental GNPA
31-Mar-23
31-Dec-22
Movement
Movement of GNPA
1
1
31-Mar-22 Movement 31-Mar-23
27,976 4,775 820 9,423 18,114 4,395
2
All figures in INR Crs
Summary of Labelled & Overdue Exposures
40
1.
Already Implemented as of respective date; Erstwhile category represents Standard Restructured accounts and does not include withdrawn categories such as SDR, S4A etc.
2.
Where provisioning has been made as per requirement of RBI circular on Prudential Framework for Resolution of Stressed Assets dated June 7, 2019
▪ Slippage of ~INR 283 Crs from
Standard Restructured Advances
pool of Q3FY23
▪ Overdue book of 31-90 days flattish
Q-o-Q at INR 4,792 Crs vs. INR
4,752 Crs in Q3FY23
Gross Provisions Gross Provisions Gross Provisions
NPA 4,395 2,736 3,904 1,930 27,976 19,771
Other Non Performing Exposures 9,128 4,742 10,221 5,392 8,503 6,647
NFB of NPA accounts 1,289 237 1,183 237 1,097 206
NPI 172 76 185 75 5,268 5,021
Security Reciepts 7,666 4,430 8,853 5,080 2,138 1,420
Total Non Performing Exposures 13,522 7,479 14,125 7,323 36,479 26,419
Technical Write-Off 0 0 16,302
Provision Coverage excl. Technical W/O 55.3% 51.8% 80.9%
Std. Restructured Advances
1
4,705 454 5,860 581 6,752 760
Erstwhile 4 4 3 3 26 1
DCCO related 1,558 78 1,718 86 1,744 87
MSME 644 66 732 75 1,016 98
Covid 2,499 306 3,407 418 3,966 573
Other Std. exposures
2
359 123 222 75 98 34
61-90 days overdue loans 1,165 2,834 1,264
Of which Retail 629 549 227
31-60 days overdue loans 3,621 1,918 4,483
Of which Retail 1,097 865 815
31-Dec-22
31-Mar-22
31-Mar-23
In INR Cr
All figures in INR Crs
11.6%
13.0%
13.3%
5.8%
5.1%
4.7%
31-Mar-22 31-Dec-22 31-Mar-23
TIER II
CET 1
Organic accretion in CET
1% during the quarter
Discounting as per Basel III
regulations of Tier II
Instruments worth INR 1,186
Crs were triggered during
the quarter
0.64%
0.09%
0.34%
72.8%
70.9%
69.1%
0.00%
0.10%
0.20%
0.30%
0.40%
0.50%
0.60%
0.70%
67.0%
68.0%
69.0%
70.0%
71.0%
72.0%
73.0%
74.0%
31-Mar-22 31-Dec-22 31-Mar-23
RoRWA
RWA / TA
Organic accretion of Capital:
CET 1 ratio at 13.3%
41
Bank’s Capital Adequacy Ratio
1
RWA to Total Assets trending lower and Risk Adjusted Returns
1
2
CET 1 Ratio at 13.3%
▪ Post full warrant conversion ~150 bps
to further accrue to CET I ratio
▪ Warrants Application / Subscription
money amounting to INR 948 Crs (38
bps) already received in cash, not
considered for CET 1 computation
▪ RWAs lower owing to
▪ Collateral and Rated Book
Improvements
▪ Repayments in loans attracting
higher risk weights
▪ Reduction in market risk capital
charge owing to higher provisioning
for SRs
17.9%
18.2%
17.4%
CRAR
1
Includes Profits
Strong people focus: Stable leadership with focus on up-skilling talent, objective
performance management & enabling employee flexibility
42
1
Data as on March 31, 2023
Net addition of 3,171 staff over the headcount of March 31, 2022
Average
Vintage
(in years)
27,517
2
5
8
Total
Band
Junior
Management
Middle
Management
Senior
Management
Top
Management
9
23,141
4,003
285
88
Q4FY23
1
Knowledge
Management
▪ YES School of Banking focusses on role and skill-specific trainings and certifications. Total 1,61,597
training days were clocked in FY23 with an average of 5.87 training days per employee.
▪ Over 75 team members from Anti-Money Laundering Team completed the CAMI Certification (Certified
Anti Money-laundering Investigator) and gained a thorough understanding of the pragmatic implications of
becoming an AML investigator when doing transaction analysis.
▪ The Bank has created an ‘Ideation Workflow’ which will facilitate employees to add their ideas (around
Transformation, Cost, Quality, Delivery, Speed and Behavioural) in a structured format.
Employee
Engagement
▪ The Bank has also been recognized among the TOP 50 in ‘India's Best Workplaces in BFSI 2023’
rankings by the Great Place to Work ® (GPTW) Institute.
▪ To engage with ex-YES BANKers and keep them updated with latest development in the BANK, an
Alumni Portal has been launched. The portal additionally provides ex-YES BANKers, access to certain of
their documents and offers an opportunity to refer friends/relatives who may want to explore career
opportunities at the Bank.
▪ The employees celebrated 3rd Foundation Day to commemorate the day when the Bank’s moratorium
was lifted i.e., 18
th
March.
▪ To celebrate and honor the women at YES Bank, sessions on ‘I am Enough’, ‘Breaking the Glass
Ceiling’ and ‘Holistic Living’ were conducted for employees on International Women’s Day. Additionally,
activities like Decoupage, Block printing on tote bag, Stained glass, Nail Art, Sound Healing, Skincare
Inside Out and Zumba sessions were arranged at various YES Bank locations.
▪ To create and nurture an inclusive culture, LGBTQ Awareness Webinar on breaking the stereotypes
was conducted by a TEDx speaker who is an activist in LGBTQ community.
D & I
Initiatives
Leadership
Development
▪ Top and Senior Management with average vintage of around 8.5 years within the Bank combined with
new talent from the industry.
▪ ‘Advanced Leadership Program’ (ALP), a three-day structured intervention was concluded for identified
Top & Senior Management executives. The program helped to further strengthen the leadership
capabilities and competencies and enhance the quality and depth of our internal leadership pool.
▪ Select Emerging Leaders from businesses participated in the ‘Emerging Leaders program’. This
program focused on Leading Self, Leading Others and Managing Business Competencies.
43
International Rating Long-term Outlook Short-term
Moody's Investors Service Ba3 Stable Not Prime
Domestic Rating Long-term Outlook Short-term
Basel III Basel II
Infra Bonds
AT I Tier II T I UT II LT II
CRISIL A- A- Positive A1+
ICRA BB A- BBB+ BBB+ A- A- Positive
India Ratings BBB+ A- Stable
CARE A- BBB A- A- Positive
Ratings across all
agencies at all time
lows:
March 2020
Moody’s
Upgrades
issuer rating to
Caa1 from Caa3
with a positive
outlook
March 16, 2020
Senior Rating & Outlook Upgrade:
ICRA: A-; Positive
India Ratings: A-; Stable
CRISIL: A-; A1+ short term; Positive
Moody’s : Ba3; Stable
INDIA Ratings
Outlook-keeps
Ratings Watch
Evolving (RWE)
March 18, 2020
ICRA Upgrades:
BASEL III Tier II to BB
BASEL II Upper Tier II to BB from D
BASEL II Lower Tier II to BB+ from D
Infrastructure Bonds to BB+ from D
Short Term FD/CD Programme to A4+
from D
March 24, 2020
ICRA Downgrades
Basel II Upper Tier II to D from BB
CARE Downgrades
Basel II Upper Tier II to D from C
Outlook-Credit Watch with
Developing Implications
June 23, 2020
August 3, 2020
Moody’s Upgrades
issuer rating to B3
from Caa1 with a
stable outlook
August 27, 2020
INDIA Ratings Upgrades
BASEL III Tier II to BBB- from B+
Infrastructure Bonds to BBB from BB –
Long Term Issuer Rating to BBB from BB-
ICRA Upgrades
BASEL III AT 1 to C from D
BASEL III Tier II to BBB- from BB
BASEL II Tier I to BB+ from D
BASEL II Upper Tier II BB+ from D
BASEL II Lower Tier II BBB from BB+
Infrastructure Bonds to BBB from BB+
September 11, 2020
CARE Upgrades:
BASEL III Tier II to BBB from C
BASEL II Tier I to BB+ from D
BASEL II Upper Tier II to BB+ from D
BASEL II Lower Tier II to BBB from B
Infrastructure Bonds to BBB from B
Outlook-Stable
November 9, 2020
November 10, 2021
Moody’s Upgrades
issuer rating to B2
from B3 with a
Positive outlook
October 12, 2022
CARE Upgrades
issuer rating to A-
from BBB+ with a
Positive outlook
August 2022
Credit Rating
Thank You
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