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On Friday, Yes Bank had reported a 74 per cent jump in net profit at Rs 226 crore for the quarter ending September 2021. It was Rs 129 crore in the year-ago period.
Net interest income declined 23 per cent to Rs 1,512 crore as against Rs 1,973 crore a year ago.
Total income slipped to Rs 5,430.30 crore during the July-September period from Rs 5,842.81 crore in the same quarter last year, the bank said in a regulatory filing.
Gross bad loans declined to 14.9 per cent of gross advances as of September 30. The same stood at 16.9 per cent in the year-ago period and 15.6 per cent a quarter ago
Net Non-Performing Assets (NPAs) or bad loans declined to 5.55 per cent in the quarter under review as compared to 5.78 per cent in the June quarter.
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The bank has made prudent Rs 336 crore on a single telecom exposure in the latest quarter. On Friday at 2:05 pm, Yes Bank’s scrip on NSE was trading nearly 4 per cent lower at Rs 13.75.
Stock Covered in the news
