Yes Bank Q3 net profit up 51.8% at Rs 191 cr

Yes Bank has announced its third quarter results. The company’s Q3 net profit was up by 51.8% at Rs 191 crore versus Rs 126 crore, year-on-year, YoY.

Its NII was up by 53% at Rs 323.2 crore versus Rs 211 crore, YoY.

Its other income was up at Rs 162 crore versus Rs 128 crore, YoY.

Its capital adequacy ratio was at 18.22% as on December 31.

Net interest margin stood at 2.8%. Advances went up by 66.3% to Rs 31,112.2 crore.

In a press conference, the bank said:
-Non interest income up 26.5%
-Cost to income ratio at 35.8%
-RoA maintained at 1.15%
-RoE improved to 21.3%
-Loan growth of 66.3%
-Deposit growth up 79% at Rs 39,452 crore
-Tier-I capital currently at 10.4%
-Capital adequacy ratio at 18.2%

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd