News Summary

• Yes Bank Ltd (BOM:532648) reported a strong growth in deposits, with a 6.9% year-over-year increase and a 7.4% quarter-on-quarter increase.
• Asset quality improved with fresh slippages reduced to 2% of advances, and the provision coverage ratio increased to 81%.
• The bank's loan growth, particularly in the retail segment, has been slower compared to industry peers.
• There was a notable increase in provisions for non-performing assets, which could impact future profitability.