Yes Bank: Share price, Retail Disbursements, LCR, CASA ratio to Deposit Ratio | Sneak peek

Yes Bank Share Price: Gross Retail Disbursements during Q3 FY21 has doubled to Rs 7563 cr when compared with Q2 FY21 which was at Rs 3764 cr. Today, Yes Bank mentioned in a release that information is provisional and being released ahead of the official announcement of the financial results for the period ended December 31, 2020, which is subject to approval by the audit committee of the board, board of directors and limited review by the statutory auditors of the Bank. Take a sneak peek at the stats: 

CASA ratio has also improved by 12.6% in Q3 FY21 when compared to Q2 FY21 and improved over 35% when compared with Q4 FY20. Credit to Deposit Ratio stood at 115.6% in Q3 FY21 when compared to 122.9% in Q2 FY21. Liquidity Coverage Ratio (LCR) improved to 115.5% in Q3 FY21 from 107.3 in Q2 FY21.

Yes Bank  Share Price

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On the daily timeframe, Yes Bank share price has given a long consolidation breakout with higher volume activity, which shows buying strength among the traders. Moreover, the price has also sustained above upper Bollinger Band formation, which indicates positive breath in the stock. Additionally, a momentum indicator RSI (14) reading is at 80 level and MACD showed positive crossover, which suggests positive biases for the near term. So based on the above structure, many technical analysts believe that Yes Bank can see a bullish move for near term.