Yes Bank
Private sector banks are good news for investors investing in Yes Bank shares. Yes Bank’s net profit increased by 63 percent to Rs 738 crore in the March quarter of the last financial year. Mumbai-based bank said that in FY 2024-25, its net profit increased by 92.3 percent to Rs 2,406 crore. Yes Bank’s main net interest income increased by 5.7 percent to Rs 2,276 crore during the quarter under review. During this period, there was 8.1 percent increase in advances and 0.1 percent in net interest margin. Market expert says that the strong results may raise the shares of Yes Bank. However, make any investment on without financial advisor. In the last trading session on Thursday, Yes Bank shares rose 1.2% to close at Rs 18.09. The stock has declined by 24.5% in the last one year.
Increase in annual income as well
According to the information given to the stock market, its single total income in the January-March quarter increased from Rs 9,015.77 crore to Rs 9,355.39 crore on an annual basis. The bank said that its deposits increased by 6.8 percent. The bank’s managing director and chief executive Prashant Kumar told reporters that the bank aims to achieve a loan increase between 12-15 percent based on comprehensive economic conditions. He also said that deposits will be higher than increase, debt hike.
No change in NPA
Yes Bank’s gross NPA remained stable at 1.6%, while the provision came to Rs 318.1 crore, which is sequentially 23% higher. The bank’s advance increased by 8.1% year to Rs 2.46 lakh crore, while the deposit book increased by 6.8% to Rs 2.85 lakh crore in the fourth quarter. “The bank finished the year with a quarter ROA of 0.7%, b) 100% PSL compliance, c) Counting its gross NPA and pure NPA ratio to 1.6% and 0.3% respectively – the lowest level since March 20, D) The net carrying value of security receipts brought ‘zero’ and brought the CASA ratio to 340 BPS years in FY 254.3% in FY50 Is done.
Disclaimer: This article is written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
Latest business news
