YES Bank reported 31.31 per cent rise in net profit at Rs 801.54 crore for the second quarter ended September 30, 2016 against Rs 610.41 crore in the corresponding quarter a year ago. Net interest income of the private sector lender climbed 30.50 per cent year-on-year to Rs 1446.20 crore for the quarter under review. At 12.40 pm, shares of YES Bank were trading 2.07 per cent up at Rs 1318.55. The scrip opened the day at Rs 1,300 and had touched a high and low of Rs 1320 and Rs 1298.50, respectively, in trade.
Operating profit of the bank increased by 36 per cent year-on-year to Rs 1386 crore against Rs 1019.10 crore during the same period. Basic EPS of the company jumped to Rs 19 for the quarter ended September 2016 from Rs 14.60 in the same quarter last fiscal.
Commenting on the results and financial performance, Rana Kapoor, managing director and CEO, YES Band said, “YES Band has delivered another quarter of satisfactory performance across key parameters of growth and profitability through relentless pursuit of opportunities in both Corporate and Retail businesses, and sustained resilience in asset quality.”
In Q2FY17, return on assets (RoA) expanded to 1.8 per cent from 1.7 per cent, and RoE increased to 21.4 per cent from 19.4 per cent y-o-y.
Current and Savings Account (CASA) deposits of the bank increased by 53.2 per cent y-o-y to Rs 38,784 crore increasing the CASA ratio to 30.3 per cent as at September 30, 2016 up from 25.5 per cent as at Sept 30, 2015. CASA ratio crossed 30 per cent for the first time.