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Yes Bank Q2 Results: Private sector Yes Bank's standalone net profit jumped 147 percent to Rs 566.59 crore for the July-September quarter of the current financial year. The bank's net profit was Rs 228.64 crore in the same quarter of the last financial year. In the previous April-June quarter, the bank's net profit was Rs 516 crore.
Yes Bank's interest income increased by 14.3 percent to Rs 2200 crore
Core net interest income grew 14.3 percent to Rs 2,200 crore in the quarter under review, driven by a 12.4 percent growth in overall loans and a widening of net interest margin to 2.4 percent. The bank's non-interest income grew 16.3 percent to Rs 1,407 crore. Total deposits grew 18 percent, contrary to the industry-wide trend of lower loan growth.
Yes Bank CEO Prashant Kumar
Similarly, net NPA declined to 0.42 percent from 0.43 percent at the end of the second quarter of the previous fiscal. On a consolidated basis, the bank's net profit grew 19 percent to Rs 12,948 crore in the September quarter from Rs 10,896 crore in the same quarter of the previous fiscal.
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