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Yes Bank Shares Gain After Robust Q2 Numbers
Shares of the Yes Bank rose on Thursday after the bank posted 26 per cent rise in its net profit beating the market expectation.
The Bank has posted a net profit of Rs 610 Crore for the quarter ended September 30, 2015, as compared to Rs 482 crore for the quarter ended September 30, 2014.
The bank's net profit increased 26.4 percent to Rs 610.4 crore and net interest income rose 29.5 percent to Rs 1,108.5 crore during the quarter.
The YES BANK has also commenced operations at its IBU branch in the GIFT city with an initial capital infusion of $20 Million.
YES BANK has become the FIRST Indian Bank to be selected in the Dow Jones Sustainability Indices in the Emerging Markets Index in New York
Commenting on the results and financial performance, Mr. Rana Kapoor, Managing Director & CEO, YES BANK said, " YES Bank has delivered another consistent quarter of sustained financial performance reflected by healthy growth in Net Profit of 26.5% and driven by a steady increase in NII and stable asset quality.
Shares of the Yes Bank were seen trading at Rs 739, higher by 1.40 per cent on BSE at 12.38 pm IST. It touched an intra-day high of Rs 742 during the trade.
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