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Stocks to check ITC, Yes Bank, and HDFC Bank

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The Yes Bank is among the top and fastest-growing banks and has received numerous national and international honours for various Businesses, including Corporate Investment Banking, Treasury, Transaction Banking, and Sustainability.It claims to be service- and customer-focused and offers a full range of banking and financial products and services to MSME, corporate, and retail clients.

Since 2004, the bank has evolved into a full-service commercial bank that offers a comprehensive array of goods, services, and technology-driven digital offerings to its corporate, MSME, and retail clients.It is now owned by the State Bank of India, which has a 30% share in the company.

The Yes Bank share price NSE at the time of writing the article is Rs. 15.80, and its market capitalisation stands at Rs. 39,586.87 crore.There are a few points to look out for a while planning to invest in Yes bank shares which are as follows:

  1. Highlights of Q1FY23 results are:
  • Profits increased by 50% YoY to INR 311 Cr in Q1FY23.
  • Non-institutional investors grew 32% at Rs. 1,850 crore. 
  • Net interest margins at 2.4%, up nearly 30 bps YoY.
  • Operating Profit increased by 33% YoY to INR 590 Cr in Q1 FY23, excluding realised and unrealised investment gains.
  • With Rs. 175 crore, total provision costs for Q1FY23 decreased 62% yearly, mostly due to fewer slippages.
  • The balance sheet expanded 17% YoY while advances increased by 14% YoY and deposits by 18% YoY.
  • In Q1FY23, new payments were Rs. 22,636 crore, an increase of 87% YoY and 14% QoQ.
  • Corporate Mix in retail and MSME increased by 240bps QoQ to 62:38
  • CASA ratio, which shows how much of the total bank’s deposits are in current and savings accounts, is at 30.8% versus 27.4% in Q1FY22, up roughly 340 bps year over year
  • 3.0 Lacs CASA A/Cs opened in Q1FY23, maintaining customer acquisition momentum.
  • GNPA ratio was 13.4% in Q4 of 2012 compared to 15.6% in Q1 of the same year.
  • The NNPA ratio was 4.2% in Q4 of 2012 compared to 5.8% in Q1 of the same year.
  • Slippages decreased from Rs. 2,233 crore in Q1FY22 to Rs. 1,072 crore in Q1FY23.
  • Total Recoveries & Upgrades for Q1FY23 were Rs. 1,532 crore, along with the Annual Guidance of Rs. 5,000 crore, as Resolution Momentum continues.
  • The company has been utilising shareholders’ funds wisely – return on equity (ROE) has increased during the past two years.
  • Strong earning per share growth each year.
  • The bank has been able to decrease its non-performing assets effectively.
  • Another opportunity has been a decrease in provision.

Besides the positive outlooks, some weaknesses include:

  • The bank has high-interest payments as compared to earnings.
  • The Yes Bank has high debt.
  • MACD, which means Moving Average Convergence Divergence, is a yardstick that helps traders identify when a bearish or bullish momentum is high or low for entry or exit. In Yes Bank’s case, the MACD crossover is below the signal line.

Conclusion

Before investing in the Yes Bank share price NSE, investors need to remember the mentioned points.

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