E-Paper
Yes Bank Q4 profit rises 29%, recommends dividend of ₹2.7 per share
Yes Bank’s net profit rose to ₹1179 crore ($176.50 million) in the quarter ended March 31, from ₹914 crore a year earlier, the Mumbai-based bank said in a statement
Updated on: Apr 26, 2018, 15:43:52 IST
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Private sector Yes Bank Ltd posted a 29% increase in fourth-quarter profit, helped by higher interest income.
Net profit rose to ₹1179 crore ($176.50 million) in the quarter ended March 31, from ₹914 crore a year earlier, the Mumbai-based bank said in a statement .
Analysts on average estimated profit at ₹1099 crore, according to Thomson Reuters data.
Gross bad loans as a percentage of total loans stood at 1.28% at end-March, compared with 1.72% in the preceding quarter and 1.52% in the year-ago period.
Interest income was up 32%.
Yes Bank shares were trading up 4.72% or ₹15.40 higher at ₹340.65 at 2.22 pm on the National Stock Exchange (NSE).
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