Yes Bank posts four-fold jump in net profit for Oct-Dec quarter

Mumbai: Private sector lender Yes Bank Saturday reported an over four-fold jump in net profit to Rs231.6 crore for the October-December quarter of the current financial year.

The bank had posted a net profit of Rs51.5 crore in the same quarter of the previous year.

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Net interest income (NII), which is the difference between interest received on loans and that paid on deposits, increased 2.3 per cent year-on-year.

The bank’s operating profit grew 5.4 percent to Rs864 crore during the quarter.

The gross non-performing assets (NPA) of the bank remained at 2 per cent, showing no change from the previous year while there was a marginal improvement in the net NPAs which dipped to 0.9 per cent from 1 per cent in the same period last year.

IANS