Profit

Yes Bank Second Quarter Profit Up 25%, Lags Estimates

Yes Bank's net profit rose to Rs1,003 crore in the September quarter, from Rs802 crore a year earlier, the Mumbai-based bank said on Thursday.

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Yes Bank Second Quarter Profit Up 25%, Lags Estimates

Yes Bank's gross bad loans as a percentage of total loans stood at 1.82 per cent at September end

New Delhi: Yes Bank India's fifth-biggest private-sector lender by assets, posted a lower-than-expected 25 per cent increase in the second-quarter profit, as bad loans rose. Net profit rose to Rs1,003 crore ($154.72 million) in the quarter ended September 30, from Rs802 crore a year earlier, the Mumbai-based bank said on Thursday.
Analysts on average estimated profit at Rs1,027 crore, according to Thomson Reuters data. Gross bad loans as a percentage of total loans stood at 1.82 per cent at end-September, compared with 0.97 per cent a quarter earlier and 0.83 per cent in the year-ago period.
© Thomson Reuters 2017


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