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HomeLatest NewsBusinessYES Bank Q4 Results: Net Profit Surges 124% To Rs 454 Crore,...

YES Bank Q4 Results: Net Profit Surges 124% To Rs 454 Crore, NII Up 2.3% – Prime Time News24


YES Financial institution has introduced its This autumn monetary outcomes.

YES Financial institution This autumn Outcomes: Its web curiosity earnings rose 2.3 per cent to Rs 2,153.1 crore, barely increased as in contrast with Rs 2,105.2 crore a 12 months in the past

Non-public sector lender YES Financial institution on Saturday reported a 124 per cent surge year-on-year in its web revenue to Rs 454 crore for the March 2024 quarter. Its web curiosity earnings throughout January-March 2024 rose 2.3 per cent to Rs 2,153.1 crore, in contrast with Rs 2,105.2 crore a 12 months in the past.

Its web revenue had stood at Rs 202.4 crore within the corresponding interval final 12 months.

YES Financial institution’s working revenue throughout January-March 2024 stood at Rs 902.47 crore, as in contrast with Rs 888.90 crore a 12 months in the past.

On property high quality, the financial institution’s gross non-performing property (GNPAs) fell to 1.7 per cent (as a share of whole advances) in This autumn FY24, in contrast with 2.2 per cent a 12 months in the past. Its web NPA additionally noticed enchancment and fell to 0.6 per cent, from 0.8 per cent a 12 months in the past.

The financial institution’s web advances rose 13.8 p.c YoY to Rs 2.27 lakh crore, aided by sustained development momentum in SME and mid company advances and resumption of development in company phase.

Its whole deposits jumped 22.5 per cent to Rs 2.6 lakh crore. CASA ratio at 30.9 per cent as in opposition to 30.8 per cent in Q4FY23.

The lender noticed compression in web curiosity margin which dropped to 2.4 per cent, in contrast with 2.8 p.c in Q4FY23.

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