Yes Bank net profit shows strong growth
Bhagyashree Vivarekar / 19 Jan 2017
Yes Bank reported standalone net profit of Rs 882.6 crore in Q3FY17, showing a YoY growth of 30.6 per cent. Yes Bank opened for trading today at Rs 1345.05 on the BSE and fell marginally to Rs 1346.20 (a decrease of 0.01 per cent.) It achieved a day’s high of Rs 1356.45 and a low of Rs. 1332.10.
Yes Bank reported standalone net profit of Rs 882.6 crore in Q3FY17, showing a YoY growth of 30.6 per cent.
The strong net profit growth was primarily due to better performance at the topline itself. The bank's net interest income (NII) stood at Rs 1,507.5 crore for the quarter, registering a YoY growth of 30.3 per cent on the back of growth in advances and CASA and expansion in NIM. The total net income for the period stood at Rs 2,505.8 crore with a YoY growth of 31.7 per cent.
The bank’s RoA was healthy at 1.8 per cent and RoE increased to 22.3 per cent from 20.5 per cent YoY.
Yes Bank opened for trading today at Rs 1345.05 on the BSE and fell marginally to Rs 1346.20 (a decrease of 0.01 per cent.) It achieved a day’s high of Rs 1356.45 and a low of Rs. 1332.10.
Yes Bank is an Indian private bank. Its business includes corporate and institutional banking, current account, financial markets, investment banking, corporate finance, branch banking, business and transactional banking, NRI banking and wealth management. The bank has a network of over 200 branches across 149 cities, with over 290 ATMs.