Yes Bank on Saturday reported 76.8% year-on-year growth in net profit 266.4 crore in the October-December quarter 150.7 crore profit in the same quarter last year. Private lender’s profit up 18.2 percent quarter on quarter basis 225 crore, while operating profit was down 7.7 per cent on a QoQ basis and 66.4 per cent on a YoY basis.
Yes Bank’s total net income down 31.5 percent 2,498 crore in the October-December 2021 quarter 3,648 crore was registered in the corresponding period of last year.
However, the net interest income of Yes Bank declined by 31 per cent year-on-year. 1,764 crore as compared to 2,560 crore was recorded in the corresponding quarter of 2020-21, while it grew at a rate of 16.6 per cent on a QoQ basis, Yes Bank said in a stock exchange filing.
other or non-interest income of the bank in the said quarter was 734 Cr Vs 1,087 crore in the third quarter of 2020-21.
The bank’s GNPA ratio improved to 14.7 per cent, down from 15.0 per cent in the previous quarter. 978 cr vs 1,783 crore in Q2 FY22.
Yes Bank’s resolution momentum continues 610 crore cash recovery and 573 crore upgrade during Q3 FY22. Balance sheet also up 3 lakh crore, 6 percent QoQ for the first time since September 2019.
Meanwhile, Yes Bank shares closed on 13.85, up 0.050 or 0.36 per cent on the NSE on Friday.
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