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Yes Bank has a 29% YoY increase in its net profit at Rs.1,179.40 crore, while in the year ago quarter it was Rs.914 crore.
It has reported provisions worth Rs.399.60 crore during the quarter, which is 29% higher than Rs.309.70 provisions it made in the year ago quarter. Net interest income (NII) for the quarter hiked 31.4% YoY to Rs.2,154.20 crore, while non interest income was up 13% at Rs.1,421 crore.
Net Interest margin (NIM) for the quarter was reported at 3.4%. Its gross non performing assets (NPAs) fell to 1.28% of total advances as on March 31, from 1.72% at the end of 2017. Furthermore, net NPA was reported at 0.64%, while in the December quarter it was 0.93%.
