YES Bank posts 32.5% rise in Q1 profit to Rs 1,071 cr
India, July 19 -- Private lender YES Bank on Saturday reported a 32.54 per cent rise in consolidated net profit to Rs 1,071.80 crore in the June quarter, aided by growth in the core net interest income.
In the year-ago period, net profit of the bank stood at Rs 808.65 crore. However, on a sequential basis, net profit fell 0.96 per cent.
The core net interest income of the bank increased 17.5 per cent year-on-year to Rs 2,786 crore, from Rs 2,371 crore.
Net interest margins of the bank improved to 2.70 per cent in the June 2026 quarter, from 2.5 per cent in the year-ago period. It remained stable on a sequential basis.
Managing Director and Chief Executive Officer Vinay M Tonse said margins are expected to improve over the medium term ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.