Yes Bank today registered 28.1 per cent rise in its standalone net profit at Rs 551 crore for the fourth quarter ended March 2015 on higher interest income and healthy growth in advances and deposits.
The private sector lender had posted a net profit of Rs 430.21 crore in the corresponding quarter of 2013-14, it said in a BSE filing.
“Total income has increased from Rs 3,013.57 crore for the quarter ended March 31, 2014 to Rs 3,678.83 crore for the quarter ended March 31, 2015,” it added.
The bank’s net interest income (NII) during the March quarter of 2014-15 increased by 35.8 per cent to Rs 977.1 crore.
While, non interest income grew by 32.5 per cent to Rs 590.4 crore during the quarter under review.
On asset quality front, the bank’s net non-performing assets (NPA) or bad loans increased to 0.41 per cent of the total advances in fourth quarter of 2014-15, from 0.05 per cent a year ago.
Likewise, gross NPAs grew to 0.41 per cent in the last quarter, from 0.31 per cent a year ago.
For the full fiscal 2014-15, the bank posted a net profit (standalone) of Rs 2,005.36 crore as compared to Rs 1,617.78 crore for year ended March 2014.
Total income (standalone) during the fiscal increased from Rs 11,702.93 crore for the year ended March 2014 to Rs 13,618.46 crore for the year ended March 2015.
The Yes Bank Group, on a consolidated basis, registered a net profit of Rs 1,997.42 crore for the year ended March 2015 as compared to Rs 1,611.26 crore for the year ended March 2014.
The total consolidated income of the Group increased from Rs 11,702.93 crore for the year ended March 2014 to Rs 13,619.9 crore for the year ended March 2015.
Yes Bank scrips were trading 0.31 per cent up at Rs 787 apiece during afternoon session on the BSE.