YES Bank shares surge 10% amid high volumes, remain unbeaten for third straight day

Deposits, on the other hand, increased 21% year-on-year to Rs 2.64 lakh crore in the June quarter as against Rs 2.19 lakh crore a year earlier.

The bank's credit-to-deposit ratio for the first quarter stood at 86.4%, lower than 91.3% in the same quarter last year.

Meanwhile, the liquidity coverage ratio improved to 137.8% in the April-June 2024 period.

posted a 123% year-on-year surge in its March quarter profit to Rs 452 crore, while net interest margins or NIMs were steady at 2.4%.

Its balance sheet crossed the Rs 4 lakh crore mark during the fourth quarter of previous fiscal year, aided by sustained growth momentum in SME and mid-corporate advances and resumption of growth in the corporate segment.

Post the fourth quarter results, analysts felt the business was steadily recovering, and one-offs are likely to continue.

In contrast, the overall banking sector was in deep red. The banking gauge Nifty Bank fell by over 800 points on the intraday basis to hit the day's low of 52,290.05 . The declines were led by index heavyweight HDFC Bank, which was down by nearly 5%. The other top losers were and which fell up to 2%.

Nifty also traded lackluster on Friday slipping by 68 points or 0.3% and was hovering around 24,234.25 around this time.

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