Yes Bank on Saturday reported a 76.8% year on year rise in net profit at Rs.266.4 crore in October-December quarter of FY22 as compared to Rs.150.7 crore profit during the same quarter last year. The private lender's profit rose 18.2 per cent on quarter on quarter basis from Rs.225 crore, while operating profit was up 7.7 per cent on Q-o-Q basis and down 66.4 per cent on YoY basis.
YES Bank's total net income in Q3 FY22 dipped by 31.5 per cent to Rs.2,498 crore in October-December 2021 quarter as against Rs.3,648 crore recorded in the corresponding period of previous year.
Yes Bank's net interest income, however, declined 31 per cent YoY to Rs.1,764 crore in Q3 FY22 compared to Rs.2,560 crore recorded in the corresponding quarter of 2020-21, while it grew at 16.6 per cent on Q-o-Q basis, Yes Bank said in a stock exchange filing.
The bank's other or non-interest income in the said quarter stood at Rs.734 crore vs ₹1,087 crore recorded in the third quarter of 2020-21.
The bank's GNPA ratio further improved to 14.7 per cent, vs 15.0 per cent last quarter, led by lower slippages at Rs.978 crore vs Rs.1,783 crore in Q2 FY22.
Yes Bank's resolution momentum has continued with ₹610 crore of cash recoveries and Rs.573 crore of upgrades during Q3 FY22. The balance sheet also stayed above Rs.3 lakh crore for first time since Sept 2019, up 6 per cent Q-o-Q.
.jpeg)
No comments:
Post a Comment