Yes bank

Rajat Monga, Senior Group President, Financial Markets & CFO addressed the call:Highlights by Capital Mkt
Bank has continued to post strong loan growth of 29% at end September 2015. Bank expects loan growth to be at 25% for FY2016.Bank has exhibited strong CASA growth momentum driven by surge in saving account deposits, while current account deposits growth was steady as bank has shed some unprofitable current accounts.
The healthy new account addition has mainly boosted the saving account deposits growth. Bank has stepped up saving account additions to 1]1.2 lakh customers every quarter compared to 80-90 thousand addition in the corresponding quarter last year. Bank has added 1.25 lakh accounts in Q2FY2016.
Average savings account cost stood at 6.9%. Bank has take further pricing adjustment measures. Bank has reduced the peak interest rate on saving account deposits to 6% from 7% earlier, which is expected to further reduce the cost of saving account deposits.
Bank has improved NIMs to 3.3%, while bank expects further improvement in NIMs with higher rising CASA and retail assets acquisition.
Bank has already been calculating its base rate on marginal cost of funding based methodology, so donft expect any impact of banking system shifting to marginal cost of funds base rate calculation.
Bank has board approval for capital raising of US$ 1 billion and plans to raise capital next year.
Fresh slippages of advances stood at Rs 130 crore in Q2FY2016. Meanwhile, bank has not sold any asset to asset reconstruction companies in Q2FY2016. Bank has also not undertaken any refinancing under the 5:25 scheme.