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.
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