YES Bank Q2 results: Private lender reports net profit of Rs 129 cr, provisions decline 11% YoY

YES bank had posted a loss of Rs 600.08 crore in the corresponding quarter last year.

Reuters
Net profit of the lender stood at Rs 45.44 crore in the preceding quarter ended June 30.
Private lender YES Bank on Friday posted a net profit of Rs 129.37 crore for the quarter ended September 30 with some improvement in the asset quality.

The bank had posted a loss of Rs 600.08 crore in the corresponding quarter last year.

Net profit of the lender stood at Rs 45.44 crore in the preceding quarter ended June 30.


Percentage of gross non-performing assets (NPA) stood at 16.30 per cent against 17.30 per cent on QoQ basis. Likewise, net NPA came at 4.71 per cent against 4.96 per cent.

Provisions declined 11.10 per cent YoY to Rs 1,187 crore. However, the figure witnessed a rise of 9.3 per cent on QoQ basis.

Net interest income (NII) de-grew 9.70 per cent YoY to Rs 1,973 crore, while non-interest income declined 25.30 per cent YoY to Rs 707 crore.
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YES Bank table 1

YES Bank table 2

Net interest margin stood at 3.1 per cent in Q2FY21 against 2.7 per cent last year. Cost to income ratio declined to 49.30 per cent from 53.40 per cent.

Earlier during the day, shares of YES Bank closed 4.95 per cent higher at Rs 13.35, while the benchmark BSE Sensex settled 0.31 per cent higher at 40,685.
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