Money & Banking

YES Bank reports net profit of Rs 129.4 crore in Q2

Our Bureau Mumbai | Updated on October 23, 2020 Published on October 23, 2020

Private sector lender YES Bank reported a net profit of Rs 129.37 crore for the second quarter this fiscal as against a net loss of Rs 600.08 crore in the same period a year ago.

Net interest income was down 9.7 per cent to Rs 1,973 crore for the quarter ended September 30, 2020 versus Rs 2,186 crore a year ago.

Net interest margin was at 3.1 per cent at the end of the second quarter compared to 2.7 per cent a year ago.

Provisions were marginally down at Rs 1,187.33 crore in the second quarter compared to Rs 1,336.25 crore a year ago.

Gross NPAs was at 16.9 per cent of gross advances and net NPAs amounted to 4.71 per cent of net advances as on September 30, 2020.

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Published on October 23, 2020
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