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Yes Bank Q4 Net Profit Up 28 Per cent
Yes Bank reported a net profit of Rs 551 crore year on year, a growth of 28.1 per cent for the quarter ending March 31, 2015.
Total Income has increased from Rs 301 Crore for the quarter ended March 31, 2014 to Rs 368 crore for the quarter ended March 31, 2015.
Net Interest Income stood at Rs 977 crore for this quarter and 35 per cent growth on year on year basis.
The board decided to pay Rs 9 per share to the shareholders as dividend. The dividend payout ratio stood at 22.6 Per cent.
The Bank posted robust growth in advances and deposits while gradually increasing diversification and granularity as reflected in higher contribution from Retail/SME advances and CASA deposits, says Rana Kapoor.
NII for Q4FY15 showed robust growth of 35.8% y-o-y to Rs. 977.1 crore on back of robust growth in advances. For FY15, NII grew at 28.4% to Rs. 3,487.8 crore.
Shares of the bank were seen trading at Rs 785, higher by 0.11 per cent on the BSE at 2.25 PM IST. It touched an intra-day high of Rs 801 during the trade.
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