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

27/04/2024

YES Bank has announced its Q4 financial results.

Private sector lender YES Bank on Saturday reported a 124 per cent surge year-on-year in its net profit to Rs 454 crore for the March 2024 quarter. Its net interest income during January-March 2024 rose 2.3 per cent to Rs 2,153.1 crore, compared with Rs 2,105.2 crore a year ago.

Its net profit had stood at Rs 202.4 crore in the corresponding period last year.

YES Bank’s operating profit during January-March 2024 stood at Rs 902.47 crore, as compared with Rs 888.90 crore a year ago.

On assets quality, the bank’s gross non-performing assets (GNPAs) fell to 1.7 per cent (as a percentage of total advances) in Q4 FY24, compared with 2.2 per cent a year ago. Its net NPA also saw improvement and fell to 0.6 per cent, from 0.8 per cent a year ago.

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