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. (bit.ly/2orLGR0) 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

Reuters April 19, 2017 21:45:07 IST
Yes Bank fourth-quarter profit beats estimates
| Reuters

Yes Bank fourthquarter 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. (bit.ly/2orLGR0)

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:

TAGS:

also read

Pulitzer Prize-winning photojournalist Danish Siddiqui killed in Afghanistan: Politicans, journalists pay tributes
India

Pulitzer Prize-winning photojournalist Danish Siddiqui killed in Afghanistan: Politicans, journalists pay tributes

The Pulitzer prize winner, who was in Kandahar covering operations against Taliban, was killed when he was riding along with the Afghan Special Forces

Indian photojournalist Danish Siddiqui killed during assignment in Afghanistan's Kandahar province
India

Indian photojournalist Danish Siddiqui killed during assignment in Afghanistan's Kandahar province

Siddiqui had also covered the 2020 Delhi riots, COVID-19 pandemic, Nepal earthquake in 2015 and the protests in Hong Kong

Danish Siddiqui's passing is a reminder of the high price one pays for showing the truth
India

Danish Siddiqui's passing is a reminder of the high price one pays for showing the truth

Danish's photographs were not just documentation, but the work of someone who went down to eye-level, as they say in photographic parlance.