1. YES Bank Q3 net profit jumps 25% yoy to Rs 675.74 crore

YES Bank Q3 net profit jumps 25% yoy to Rs 675.74 crore

The bank’s total income increased by 17.49 per cent to Rs 4,122.12 crore for the quarter under review from Rs 3,508.47 crore for the corresponding quarter of the previous year.

By: | Updated: January 29, 2016 12:26 PM
yes bank Gross non-performing assets (NPAs) of YES Bank increased to 0.66 per cent in the October- December quarter as against 0.61 per cent in the sequential quarter ended September 2015. (Reuters)

Yes Bank on Friday reported 25 per cent rise in its net profit figures to Rs 675.74 crore for the third quarter ended December 2015. The bank earned Rs 540.29 crore in the corresponding quarter a year ago.

The bank’s total income increased by 17.49 per cent to Rs 4,122.12 crore for the quarter under review from Rs 3,508.47 crore for the corresponding quarter of the previous year.

Gross non-performing assets (NPAs) of YES Bank increased to 0.66 per cent in the October- December quarter as against 0.61 per cent in the sequential quarter ended September 2015. The figures were at 0.42 per cent in the same quarter last year. NPAs stood at 0.22 per cent at the end of December 2015.

Commenting on the results and financial performance, Rana Kapoor, managing director and chief executive officer, YES Bank said, “YES Bank has delivered yet another consistent quarter of sustained financial performance driven by steady increase in NII on the back of an improving retail franchise, improvements in NIM, RoA, RoE and overall preservation of asset quality.”

During the quarter, bank’s corporate exposures continue to remain well rated with 75 per cent portfolio rated ‘A’ or better.

The bank continued with the liquidity coverage ratio maintainence at well above 60 per cent regulatory requirement with monthly average LCR of 87.8 per cent, indicating a healthy liquidity position.

 

 

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