Yes Bank has released its second quarter results. The bank's profit has seen a sharp jump of 145 percent compared to last year. At the same time, the bank's net interest income has increased by 14 percent compared to last year. The bank's quarterly profit has also been above market estimates. Along with this, stability has been seen in the asset quality of the bank. The bank's results were presented on Saturday. The stock closed with a decline of 3 percent in Friday's trading.

How were the quarterly results?

 

In the information sent to the stock market, the bank said that its profit has increased by 145.6 percent to Rs 553 crore compared to last year. The bank had registered a profit of Rs 225 crore in the same quarter last year. The bank's profit has been better than the estimates received in the CNBC TV 18 poll. The poll had estimated a profit of Rs 544 crore. At the same time, the bank's net interest income has been Rs 2200.5 crore. A year ago, the bank's NII was Rs 1925 crore. That is, there has been an increase of 14.3 percent in NII compared to last year. Net interest income is the difference between the interest income on the loan disbursed and the interest paid. There has been stability in the asset quality of the bank. Compared to the first quarter, the net NPA ratio has remained stable at 0.5 percent. At the same time, on a quarter-on-quarter basis, the gross NPA ratio has come down from 1.7 percent to 1.6 percent. On the basis of loan value, gross NPA has reached Rs 3889 crore as against Rs 3845 crore in the first quarter. Net NPA has remained at Rs 1168 crore which was at the level of Rs 1246 crore in the first quarter.