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YES Bank Reports 24% Jump in Q4 Profit to Rs 1,179 crore
YES Bank reported a 29 percent rise in its net profit today at Rs 1,179.40 crore for the fourth quarter ending March 2018 compared to Rs 914 crore profit in the same quarter last year.
Its provisions for the last quarter of 2017-18 were up by 29 percent to Rs 399.60 crore than Rs 309.70 a year ago.
The fourth largest private sector bank in India saw a 31.4 percent rise in Net Interest Income (NII) for the quarter in review, to Rs 2,154.20 crore. Its non-interest income increased by 13 percent to Rs 1,421 crore. Its Net interest margin (NIM) for the quarter came in at 3.4 percent.
The bank also reported a drop in its Net Performing Assets (NPAs) to 1.28 percent from its total advances as of March 31, 2018. It was 1.72 percent last year. Its Net bad loan ratio stood at 0.64 percent, down from 0.93 percent.
In retail banking, advances increased to 12.2 percent of the loan book and its CASA ratio (ratio of deposits in current/savings accounts to total deposits) were up by 41.1 percent from last year to 36.5 percent. YES Bank's loan book stood at Rs 2.03 lakh crore at the end of the fourth quarter.
