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-138.64
-41.35
-64.00
+ 9.00
-454.00
-138.64
-41.35
-41.35
-64.00
-64.00
+ 9.00
Yes Bank’s share price surged over 7 per cent after the bank reported a 145.6 per cent y-o-y increase in standalone net profit to ₹553 crore for the quarter (Q2) ending September 30, 2024.
Shares of Yes Bank jumped 7.32 per cent to ₹20.82 on the BSE as of 1:13 pm, after hitting an intraday high of ₹21.29 per share.
The lender’s interest earnings during the quarter amounted to ₹7,730 crore, marking a 15 per cent increase from the ₹6,711 crore reported in the corresponding quarter of the previous financial year.
Yes Bank’s net interest income (NII) also grew by 14.3 per cent to ₹2,200 crore, compared to ₹1,925 crore in Q2 of FY 2024.
Further, Yes Bank’s asset quality improved, with gross and net non-performing assets falling to 1.6 per cent and 0.5 per cent, respectively, in Q2 from 1.7 per cent and 0.6 per cent in the previous quarter.
(This article was written by an intern)
Published on October 28, 2024
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