Yes Bank posted on Wednesday a net profit of Rs 2,628.61 for the quarter ended March 31, as opposed to a loss of Rs 1,506.64 for the same period a year earlier. In a regulatory filing late Wednesday, the private sector lender said that its total revenue in the January-March period amounted to Rs 5,818.59 crore, which represents a decline of 30.63 per cent compared to the end of the three-month period ended March 31, 2019.
Yes Bank said that its net interest income (NII) in the quarter of March stood at Rs 1,274 crore, rising 19.6 per cent sequentially due to lower slippages. NII is the difference between interest gained and interest expended.
Its net interest margin-a crucial profitability gage for banks-rose to 1.9 per cent in Q4, showing an rise of 50 basis points over the previous quarter.
Total interest income from the bank dropped 7.47 per cent in the fourth quarter of the 2019-20 financial year to Rs 5,221.34 crore.
The gross non-performing assets (NPAs)-or bad loans-as a percentage of total loans stood at 16.80% in the fourth quarter of the previous financial year, compared with 18.87% in the previous quarter and 3.22% in the quarter ended March 31, 2019.
Yes Bank shares ended 0.94 percent lower at Rs 26.35 percent on the BSE ahead of Wednesday's earnings announcement, underperforming the S&P BSE Sensex benchmark index that finished a 0.74 percent higher choppy session.
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