Yes Bank's fourth quarter net profit grows 27 per cent to Rs 702 crore - Firstpost

Yes Bank's fourth quarter net profit grows 27 per cent to Rs 702 crore

  Updated: Apr 27, 2016 11:41 IST

#fourth quarter results   #NPAs   #Yes Bank  

New Delhi: Private lender Yes Bank today reported a 27.4 per cent rise in its stand-alone net profit at Rs 702.1 crore for the fourth quarter ended March. Net profit stood at Rs 551 crore in the corresponding quarter of 2014-15. Its total income has increased to Rs 4,331.1 crore for the quarter ended March, up 17.7 per cent, from Rs 3,678.8
crore for the March quarter of 2015, it said in a BSE filing.

yes_bankThe bank's net interest income (NII) in January-March went up by 27.1 per cent to Rs 1,241.4 crore while non-interest income grew 36 per cent to Rs 802.8 crore.

Yes bank's total provisioning against bad loans in the said quarter climbed 47.6 per cent to Rs 186.5 crore compared
with Rs 126.4 crore in the same quarter of 2014-15.

On the asset quality front, the bank's net non-performing assets (NPA), or bad loans, increased to 0.29 per cent of total advances in the March quarter, from 0.12 per cent a year ago. Likewise, gross NPAs grew to 0.76 per cent in the last quarter, from 0.41 per cent a year earlier.

For the full fiscal 2015-16, the bank posted a net profit of Rs 2,539.5 crore as against Rs 2,005.4 crore in the
year-ago period.

Total income during the fiscal jumped to Rs 16,245.6 crore, from Rs 13,618.5 crore in the previous fiscal.

In a separate filing, Yes Bank's board recommended payment of a final dividend of Rs 10 per share. The stock was trading 0.33 per cent higher at Rs 913.60 on BSE at 1110 hours.

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