Yes Bank, will be announcing its third quarter financial results today, Jan. 14, 2015.

Angel Broking expects the bank to report a healthy NII growth of 33.6% to Rs 8.89 billion, on back of advances growth of 25.8% yoy. Non-interest income is expected to grow healthy by 35.2% yoy to Rs 5.24 billion. Operating expenses are expected to increase by 26.6% yoy to Rs 5.55 billion.''

''Provisioning is expected to be higher at Rs 770 million as compared to Rs 130 million reported in 3QFY2014. Hence, we expect the bank to report healthy PAT growth of 28.6% yoy during the quarter to Rs 5.35 billion. At the CMP, the stock is trading at 2.4x FY2016E ABV. We recommend a Buy rating on the stock,'' it added.

Shares of the bank gained Rs 6.40, or 0.82%, to trade at Rs 788.45 at the BSE (10.49 a.m., Wednesday).