Yes Bank Q1 net profit up 38% at Rs 216 cr (YoY)

Yes Bank has reported more than 38% rise in its first quarter FY12 net profit to Rs 216 crore against Rs 156.4 crore in the year ago period.

Net interest income jumped over 35% to Rs 354 crore from Rs 262 crore year-on-year.

Net interest margins in the quarter ended June 2011 stood at 2.8%.

Gross non-performing assets (NPAs) too improved to 0.17% against 0.23% in the year ago period. Even net NPAs declined at 0.01% from 0.04% year-on-year.

Capital adequacy ratio in June quarter came in at 16.2%.


Source: www.moneycontrol.com

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DENIP Consultants Pvt Ltd