Yes Bank Ltd had reported a 74 per cent jump in net profit at Rs 226 crore for the quarter ending September 2021. It was Rs 129 crore in the year-ago period. Net interest income declined 23 per cent to Rs 1,512 crore as against Rs 1,973 crore a year ago.
Total income slipped to Rs 5,430.30 crore during the July-September period from Rs 5,842.81 crore in the same quarter last year, the bank said in a regulatory filing. Gross bad loans declined to 14.9 per cent of gross advances as of September 30. The same stood at 16.9 per cent in the year-ago period and 15.6 per cent a quarter ago
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Net Non-Performing Assets (NPAs) or bad loans declined to 5.55 per cent in the quarter under review as compared to 5.78 per cent in the June quarter. The bank has made prudent Rs 336 crore on a single telecom exposure in the latest quarter. On Friday at 2:05 pm, YES Bank’s scrip on NSE was trading nearly 4 per cent lower at Rs 13.75.
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