Profit

Yes Bank Third-Quarter Profit Soars 22%

Yes Bank's net profit rose to Rs 1,077 crore in the quarter ended December 31 from Rs 883 crore a year earlier

 Share
EMAIL
PRINT
COMMENTS
Yes Bank Third-Quarter Profit Soars 22%

Yes Bank's net interest income rose 26.8 per cent to Rs 1,889 crore

Comments
Private sector lender Yes Bank Ltd reported a 22 percent rise in third-quarter net profit, slightly above analysts' estimates. Net profit rose to Rs 1,077 crore in the quarter ended December 31 from Rs 883 crore a year earlier, the country's fifth-largest private bank by assets said on Thursday.

Analysts on average had expected a net profit of Rs 1,075 crore, Thomson Reuters data showed.

Gross bad loans as a percentage of total loans stood at 1.72 percent at end-December, compared with 1.82 percent in the previous quarter and 0.85 percent a year earlier.

Net interest income rose 26.8 per cent to Rs 1,889 crore while the net interest margin stood at 3.5 percent.

© Thomson Reuters 2018


(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top