CLSA maintains a buy target on Yes Bank with a 12-month target price of Rs 1300. The asset quality remains strong; however, retail scale-up will be the key.The retail deposit franchise is scaling up. Overall stressed loan ratio is low, but the bank saw higher NPLs in agricultural segment which is a worry.CLSA likes higher topline growth for the private sector lender, lower credit costs and strengthening retail franchise which makes it a preferred buy. The corporate segment grew well, but capital consumption was high. The share has now risen to 45 per cent of deposits.

Source: Economic Times June 21, 2016 07:31 UTC