Yes Bank share price closed at Rs 14.65, up Rs 0.45 or 3.2% on Thursday's trading session. Yes Bank’s Board of Directors in its meeting held on June 11 approved seeking shareholders’ approval for borrowing / raising funds up to an amount of Rs 10000 cr. Yes Bank is expected to see strong traction on this development today as the development came after markets were closed. Yes Bank stock price will remain in focus today on this corporate development news.

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Yes Bank Key Result updates of Q4FY21:
 
During FY21, Yes Bank has demonstrated significant improvement in performance across key indicators despite severe headwinds of Covid-19 & moratorium imposed in Mar'20. Operating Profits for FY21 at Rs 4977 cr, grew 42% yoy on the back of NII growth and reduction in operating expenses. Deposits at Rs 162947 cr grew 11% qoq and 55% yoy with 6.6 Lac CASA accounts opened in FY21. Cash Deposit ratio stood at 102.4% from 162.7% in Mar '20. Robust cash recoveries from NPA stood at Rs 4933 cr in FY21. Various initiatives were taken to support customers and employees during these trying times of the Covid pandemic.
 

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Financial Highlights of Yes Bank for FY21:
 
NII for FY21 stood at Rs 7429 cr and grew 9% yoy (interest reversals in Q4FY21 after Honourable Supreme Court verdict on standstill NPAs & interest on interest). Non-Interest income for FY21 stood at Rs 3341 cr and Rs 816 cr for Q4FY21; robust core fee income (excluding P&L on Sale of Investments) up 22% qoq. Operating expenses for FY21 stood at Rs 5792 cr were lower by 14% yoy. Net Advances at Rs 166893 cr. Strong momentum sustained in Retail and SME disbursements. On Asset quality front, GNPA stood at 15.41% and NNPA at 5.88%