Yes Bank reports net profit of Rs.129 crore for Q2 vs loss year ago
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MUMBAI, Oct. 23 -- Private sector lender Yes Bank on Friday reported a net profit of Rs.129.4 crore for the September compared with a net loss of Rs.600 crore in the year-ago period.
A Bloomberg poll of six analysts had estimated a loss of Rs.1,178.3 crore for the lender.
Net interest income during the quarter fell 9.72% to Rs.1,973.37 crore from Rs.2,185.91 crore a year ago. Other income fell 25.3% year-on-year to Rs.706.75 crore.
The bank's gross non-performing asset (NPA) ratio more than doubled to 16.9% as on 30 September from 7.39% a year ago, and as against 17.30% in the previous quarter. Net NPAs or bad loans rose to 4.70% from 4.35% a year ago.
Total provisions fell 11.14% to Rs.1,187.34 crore during July-September from Rs.1,3...
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