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Yes Bank net profit up 77 pc in Q3 at Rs 266 crore Yes Bank
Image Credit: UNI

Yes Bank net profit up 77 pc in Q3 at Rs 266 crore

India Blooms News Service | @indiablooms | 22 Jan 2022, 07:06 pm

New Delhi/UNI: Private lender Yes Bank on Saturday reported a 76.8 percent jump in its net profit at Rs 266.43 crore in the third quarter (Q3) of the current financial year as compared to Rs 150.71 crore in the corresponding period of FY21.

The bank's net profit increased 18 percent on a quarter-on-quarter basis, as per a stock exchange filing on BSE.

Net interest income (NII), a key metric of banks' performance, however, declined 31 percent to Rs 1,764 crore in Q3FY22 as compared to Rs 2,560 crore in the same quarter of the previous financial year.

The gross non-performing assets (GNPA) ratio of the bank improved to 14.7 percent in Q3 as against 15 percent in last quarter led by lower slippages at Rs 978 crore compared to Rs 1,783 crore in the second quarter.

Provisions for the third quarter stood at Rs 375 crore as against Rs 2,089 crore in the corresponding quarter of FY21.

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