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Yes Bank share price under pressure as Axis Bank, FPIs cut stake, Q4 results disappoint; falls 7.6% in Apr

During the fourth quarter of FY 21, overseas portfolio traders (FPIs) additionally trimmed their stake in the personal sector lender.

Yes Bank share price is under extreme pressure, after heavyweight traders cut stake in the earlier quarter, and the company posted disappointing fiscal fourth quarter results. Yes Bank stock fell 7.6 per cent in the month of April. It additional tanked over 13 per cent intraday yesterday after reporting a internet lack of Rs 3,787.75 crore in January-March 2021, in opposition to a revenue of Rs 2,629 crore in the identical interval a year in the past. Axis Bank, overseas portfolio traders (FPIs), and insurance coverage firms cut their stakes in Yes Bank in the January-March quarter of FY 2020-21. Today, Yes Bank share price was buying and selling practically one per cent up at Rs 14.03 apiece on BSE in intraday offers.

Axis Bank bought 10.86 crore Yes Bank shares through the quarter. Axis Bank has cut its stake in Yes Bank to 1.96 per cent or 49.13 crore shares in March 2021 quarter, from 2.39 per cent or 60 crore shares in December 2020 quarter. State Bank of India (SBI), ICICI Bank, Bandhan Bank, and IDFC First Bank have saved their stake unchanged in Yes Bank, in response to the shareholding sample of the general public shareholders. SBI continued to carry 30 per cent, ICICI Bank 3.99 per cent, IDFC First Bank 1.15 per cent and Bandhan Bank 1.20 per cent stake in Yes Bank.



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During the fourth quarter of FY 21, overseas portfolio traders (FPIs) additionally trimmed their stake in the personal sector lender. FPIs held 344 crore shares or a 13.77 per cent stake in Yes Bank on the finish of March quarter. FPIs bought out 3.12 crore shares of Yes Bank. They held 15.01 per cent stake or 376 crore shares of Yes Bank on the finish of the December 2020 quarter. Similarly, insurance coverage firms have lowered their stake to five.57 per cent to 139 crore shares in January- March 2021, from 5.68 per cent or 142 crore shares throughout October-December 2020. While LIC (Life Insurance Corporation together with its scheme has saved their stake unchanged at 4.99 per cent or 125 crore.

Yes Bank’s deposits stood at Rs 1.63 lakh crore on the finish of March, up 55 per cent on-year and 11 per cent sequentially. The present account financial savings account (CASA) ratio stood at 26.1 per cent in the fourth quarter of FY21, decrease than 26.6 per cent a year in the past. The financial institution’s internet curiosity margin (NIM), a key measure of profitability, slid 180 foundation factors (bps) sequentially to 1.6 per cent.

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