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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.
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.
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Yes Bank share price today
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 operating profit during January-March 2024 stood at ₹902.47 crore, as compared with ₹888.90 crore a year ago.
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.
