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Yes Bank share price rises 8% today after strong Q4 results

Yes Bank share price went on to touch an intraday high of ₹28.55 per share after the opening bell today.

Updated on: Apr 29, 2024 11:03 AM IST
By HT News Desk
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Yes Bank share price: Shares of Yes Bank opened upside at ₹27.50 apiece on NSE and went on to touch an intraday high of ₹28.55 per share after the opening bell today (April 29). This comes after the lender announced strong Q4 results 2024 on Saturday.

Read more: BSE shares decline 18% today, see largest single-day drop on SEBI directions

Yes Bank share price today

Yes Bank share price went on to touch an intraday high of ₹28.55 per share on April 29.
Yes Bank share price went on to touch an intraday high of ₹28.55 per share on April 29.

Shares of YES Bank opened at nearly 28.10 apiece on the BSE. The shares were however trading ₹1.28 or 4.86 per cent higher to ₹27.4 apiece on the BSE.

Yes Bank Q4 results

Yes Bank reported a 124 per cent surge year-on-year in its net profit to ₹454 crore for the March 2024 quarter. The lender's net interest income during January-March 2024 rose 2.3 per cent to ₹2,153.1 crore, compared with ₹2,105.2 crore a year ago, it said and the net profit had stood at ₹202.4 crore in the corresponding period last year.

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The bank's loans grew 12.1% on year, while deposits rose more than 22%. Chief Executive Prashant Kumar said as per news agency Reuters that Yes Bank expects deposit growth of 18.5% and loan growth of 17% in the current financial year.

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Chief Financial Officer Niranjan Banodkar said during the conference call that the bank held high-cost deposits in the form of so-called Rural Infrastructure Development Fund balances.

 
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HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

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