Yes Bank Rallies As Brokerage Upgrade The Stock

Business

oi-Sunil

By Sunil Fernandes

| Published: Thursday, April 23, 2015, 11:44 [IST]

Shares in Yes Bank rallied as much as 4 per cent as brokerages upgraded the stock after the bank reported a decent set of results.

The bank's shares were last trading at Rs 827 on the National Stock Exchange. Yes Bank on Wednesday 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.

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