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Yes Bank reports stellar results; Q1 2014 net profits at Rs 400.84 crores

 Yes Bank Q1 0214 net profits at Rs 400.84 crores
YES Bank: Quotes, News
BSE 40.60BSE Quote0.6 (1.48%)
NSE 40.60NSE Quote0.5 (1.23%)
Yes Bank has reported a stellar set of results for Q1 2014 with net profits at Rs 400.84 crores, as against Rs 362.15 crores in the previous quarter.

Net NPA at the bank for the quarter ending June 30, 2013 was at 0.03 per cent as against Rs 0.01 per cent, quarter on quarter.

Gross non performing assets moved up marginally at 0.22 per cent as against 0.20 per cent in the previous quarter of the current year.

The stock was down a whopping 8 per cent, not as a reflection of the results, but due to poor sentiments in the banking sector following the RBI move to hike certain requirements for banks.

Yes Bank stock was last trading at Rs 403 on the National Stock Exchange.

Read more about: yes bank
Story first published: Wednesday, July 24, 2013, 11:47 [IST]
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