Yes Bank Q1 net profit up 33 per cent at Rs 731.80 cr; net interest margin unchanged

By: | Updated: July 27, 2016 11:52 AM

Yes Bank Q1 results: Net interest income (NII) of the bank jumped by 24.23 per cent year-on-year to Rs 1316.58 crore.

Yes Bank Q1 results Yes Bank Q1 results: Net interest income (NII) of the bank jumped by 24.23 per cent year-on-year to Rs 1316.58 crore.(PTI)

YES Bank reported 33 per cent rise in net profit figures at Rs 731.80 crore for the quarter ended June 30, 2016 against Rs 551.20 crore in the corresponding quarter a year ago. Net interest income (NII) of the bank jumped by 24.23 per cent year-on-year to Rs 1316.58 crore.

Rana Kapoor, managing director and chief executive officer, YES Bank in a release said, “YES BANK has delivered another highly satisfactory quarter of financial performance reflected in strong and quality growth, sustained profitability and continued resilience in asset quality.”

Percentage of net non-performing assets remained unchanged at 0.29 per cent on quarter-on-quarter basis. However, percentage of gross non-performing assets jumped to 0.79 per cent for the quarter under review against 0.76 per cent in the sequential quarter ended March 31, 2016.

At 11.51 am, Yes Bank share price was trading 0.45 per cent down at Rs 1194.90.

Kapoor further added that, “YES Bank continues to post a robust CASA growth with the CASA ratio improving to a healthy 29.6 per cent from 23.4 per cent a year ago demonstrating significant momentum in the underlying Retail franchise platforms, as well as ongoing mandate in several corporate relationship groups. Approval from Sebi to setup an Asset Management Company (AMC) which will further deepen our value proposition for our retail customers.”

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition