Yes Bank Q4 profit up 34%

Driven by the healthy growth in interest income, mid size private sector lender Yes Bank, on Wednesday posted a 34% year-on-year rise in the net profit at R272 crore for the quarter ended March, 2012 compared to R203 crore in the corresponding quarter last year.

Driven by the healthy growth in interest income, mid size private sector lender Yes Bank, on Wednesday posted a 34% year-on-year rise in the net profit at Rs. 272 crore for the quarter ended March, 2012 compared to Rs. 203 crore in the corresponding quarter last year.

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Net Interest Income improved by 29% to Rs. 448 crore as against Rs. 349 crore a year earlier. Other income increased 42% to Rs. 266 crore as against Rs. 187 crore in March 2011.