India Earnings Season: Another Score for YES!
Tuesday, April 19, 2011
India's creme de la creme again got a pleasant surprise much per their expectations as YES Bank continued increasing its presence in retail with bigger and better CASA scores now comparable with Indusind (27% CASA) and ING Vysya Bank(with ultra retail focused franchises purchased from Vysya)
The bank scored $84 million in Net interest income, 40% higher than last Q4's $62 million and profits have cruised to $50 million after a equally resounding growth to $35 million last year. The numbers ( NII 349 Crs and NPAT 200 Crs ) are well ahead of expectations and the bank will be key to corporates harnessing the global emerging markets and more important the big Super India - super growth storyline, still intact after recessions and slow growth demons
We'll keep adding as details come out
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