Download Unicorn Signals App

Powered By EquityPandit
Latest News

Yes Bank reports 32% increase in YoY net profit for Q1

Equitypandit_YES_Bank

On Wednesday, Yes Bank, the private sector lender, has posted a profit after tax (PAT) of Rs 965.52 crore for the quarter ended June 30.

The  Q1 profit of this fiscal is higher by 31.93 percent as compared to Rs 731.81 crore that has been reported in the previous year quarter.

The board of the bank has also provided its approval for stock split in the ratio 1:5.

The gross NPAs of the bank fell to 0.97 percent as compared to 1.52 percent on a quarter on quarter basis.

For the quarter, the Net Interest Margins (NIMS) were stable at 3.7 percent as compared to 3.6 percent of March quarter.

Read Equitypandit’s Technical Analysis on BankNifty

Get Daily Prediction & Stocks Tips On Your Mobile