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.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on ndtv.com/elections. Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general elections.