Yes Bank
Yes Bank Q3 Results: The net profit of Yes Bank has been about three times in the October-December quarter of the current financial year to Rs 612 crore. This benefit was due to a decrease in provisions for poor debt. The net profit of this private sector bank was Rs 231 crore in the same quarter of the previous financial year. Yes Bank on Saturday said in information to the stock market that its total income increased to Rs 9,341 crore in the third quarter of the current financial year, which was Rs 8,179 crore in the same quarter of the previous financial year.
Increased interest income
The bank’s interest income increased to Rs 7,829 crore in the quarter under review, which was Rs 6,984 crore in the same quarter of the previous financial year. Private sector bank’s net interest income increased by 10 percent to Rs 2,224 crore in December Timah, which was Rs 2,017 crore in the third quarter of the previous financial year. The bank’s net interest margin (NIM) remained stable at 2.4 percent. The operational benefit increased to Rs 1,079 crore in the December quarter, which was Rs 864 crore in the same period last year.
Reduced NPA
On the asset quality front, the bank’s gross non-performing asset (NPA) ratio improved to 1.6 percent at the end of the December quarter, which was two percent last year. Similarly, pure NPA or poor debt declined from 0.9 percent to 0.5 percent at the end of the third quarter of the previous financial year. As a result, the total provision has come down to Rs 259 crore except tax, which was Rs 555 crore in the same quarter a year ago. The capital adequacy ratio declined to 15.2 percent, which was 16 percent at the end of the third quarter of the previous financial year.
Latest business news
