Yes Bank, South Indian Bank, Bank of Maharashtra shares rose up to 5% on January 3 as these banks reported strong business performance in the third quarter.
Yes Bank reported a nearly 15% growth in deposits to Rs 2.77 lakh crore in the December quarter. The Mumbai-based bank’s loans and advances grew 13% to Rs 2.45 lakh crore.
Yes Bank shares were trading 2.3% higher at Rs 20.04 per share at 12:30 pm on January 3.
Meanwhile, Bank of Maharashtra said its gross advances grew 21% year-on-year to Rs 2.29 lakh crore in the October-December quarter.
In the December quarter, the bank said its total business grew 17% year-on-year to Rs 5.07 lakh crore and its total deposits grew 13.5% year-on-year to Rs 2.79 crore.
At 12:35 pm on January 3, Bank of Maharashtra shares were trading 5% higher at Rs 55.5 per share. Also, South Indian Bank reported an 11.94% rise in gross advances for Q3FY24 to Rs 86,965 crore. Its total deposits grew 6.28% year-on-year.
At 12:40 pm on January 3, South Indian Bank shares were trading nearly 4% higher at Rs 26.69 per share.
