Yes Bank fourth-quarter profit beats estimates | Reuters

Yes Bank Ltd on Wednesday posted higher-than-expected quarterly net profit, helped by higher interest and other income.Yes Bank, India's fifth-biggest private sector lender by assets, reported a 30 percent rise in profit to 9.14 billion rupees ($141.56 million) in the March quarter. (

Interest earned in the quarter rose more than 23 percent to 43.49 billion rupees while 'other income' rose to 12.57 billion rupees compared with 8.03 billion rupees a year earlier.

Analysts on average had expected Yes Bank to post a profit of 8.77 billion rupees, according to Thomson Reuters data.

The bank's Q4 net interest margin stood at 3.6 percent versus 3.4 percent year ago.($1 = 64.5650 Indian rupees) (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sunil Nair)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Apr 19, 2017 21:45 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See