Yes Bank Q4 net profits at Rs 430 crores; asset quality improves

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Yes Bank has reported better than expected results with the net profit coming in at Rs 430 crores for Q4 2014, as against Rs 362 crores reported in the previous quarter.

The net interest margin at 3 per cent, has also shown an improvement in comparison to 2.9 per cent in the previous quarter. The asset quality has also shown improvement with gross non perming asset at 0.31 per cent, as against 0.39 per cent.

The stock was up almost two per cent at Rs 442, on the National Stock Exchange.

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