desk
Share
News Topical, Digital Desk : Yes Bank Ltd (Yes Bank Share Price) reported an 18.4% year-on-year rise in net profit for the September quarter on the back of stable interest income and stable asset quality.
The private bank, which has been focused on improving profitability and maintaining a healthy balance sheet since its restructuring in 2020, said its net profit rose to ₹655 crore in the second quarter ended September 30. This is higher than the ₹553 crore profit reported a year ago.
Net interest income (NII) rose 4.6% year-on-year to ₹2,300 crore from ₹2,200 crore, Yes Bank said in a filing to the exchange.
Asset quality remained virtually unchanged, with gross non-performing assets (NPAs) at ₹4,055.3 crore compared to ₹4,022 crore in the previous quarter. The gross NPA ratio remained stable at 1.6%, while net NPAs stood at ₹770.8 crore compared to ₹797.3 crore a quarter ago, meaning the net NPA ratio stood at 0.3%.
Yes Bank Share Price
Yes Bank shares closed at ₹22.34 on Friday. This was a decline of 3.37% from the previous day's closing price of ₹23.12. The 52-week high price of the stock was ₹24.30 and the lowest price was ₹16.02. Yes Bank shares have seen a rise of 18.70% in 6 months. Whereas in 1 year it has given a return of 5.93%. In 5 years it has jumped up to 76.60%.
--Advertisement--
