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HindustanTimes Wed,16 Apr 2014

YES Bank Q4 net up 33% to Rs. 362.2 cr

PTI  New Delhi, April 17, 2013
First Published: 22:31 IST(17/4/2013) | Last Updated: 22:33 IST(17/4/2013)

Private sector lender Yes Bank on Wednesday posted  a 33.2% jump in net profit to Rs. 362.15 crore for the fourth quarter ended March 31, 2013 against Rs. 271.8 crore in the year-ago period.

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Total income of the bank rose to Rs. 2,667.03 crore in the January-March quarter compared to Rs. 2,051.4 crore in the year-ago period, Yes Bank said in a statement.

Net interest income improved by 42.4% to Rs. 638.1 crore against Rs. 448.2 crore in the year-ago period.

The bank proposed a dividend of 60%, or Rs. 6 per share, for 2012-2013.

For the fiscal ended March, 2013, the bank's net profit grew 33.1% to Rs. 1,300.7 crore, compared to Rs. 977 crore a year ago.

Total income increased to Rs. 9,551.43 crore during the year, compared to Rs. 7,164.47 crore a year ago.

Net Interest Margin (NIM) improved to 3% at the end of March 2013. At the same time, the capital adequacy ratio of the bank stood at 18.3%.

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