Thursday, January 19, 2017

Yes bank beats estimate in q3

Yes Bank has posted a 31 per cent rise in net profit at Rs. 883 crore for the third quarter ended December 2016 due to lower provisions for bad loans and higher interest income.

The private sector lender had reported a net profit of Rs. 676 crore in the same quarter of the previous fiscal 2015-16.

Total income has increased to Rs. 5,230 crore for the quarter ended December 2016, from Rs. 4,122 crore for the same quarter a year ago.

The bank had  earned an interest of Rs. 4,232 crore during the December quarter of the current fiscal, up 25 per cent, from Rs. 3,376 crore in the corresponding October-December quarter of 2015-16.

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