YES Bank posts 31 percent higher profit in Q1

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SME Times News Bureau | 27 Jul, 2017
Private sector YES Bank on Wednesday reported 31.9 per cent growth in its net profit for the quarter ended June 30, 2017, as compared to previous year's corresponding period.

In a regulatory filing with the BSE, the bank said its board has authorised sub-division of existing 1 (one) equity share of face value of Rs 10 each fully paid up into five equity shares of Rs 2 each fully paid.

YES Bank closed the first quarter of the current fiscal with a net profit of Rs 965.52 crore -- up from Rs 731.80 crore logged for the quarter ended June 30, 2016.

The bank earned a total income of Rs 5,785.96 crore for the period under review -- up from Rs 4,762.83 crore for the like quarter in the previous year.

According to YES Bank, its gross non-performing assets (NPA) stood at Rs 1,364.38 crore and net NPA at Rs 545.31 crore as on June 30, 2017.