Yes Bank, a private sector lender, on Wednesday reported a growth of 28.1% in its fourth quarter net profit. The bank earned a profit of Rs 5.51 billion for the quarter ended Mar. 31, 2015. Market was expecting profit to come at Rs 5.49 billion.
 
The bank's quarterly income totaled at Rs 15.67 billion, an increase of 34.5% over Rs 11.65 billion in the same period a year ago.

Net Interest Income (NII) showed robust growth of 35.8% y-o-y to Rs 9.77 billion on back of robust growth in advances.

Total advances grew by 35.8% to Rs 755.49 billion as at Mar. 31, 2015.

Total deposits grew by 22.9% to Rs 911.75 billion as at Mar. 31, 2015. The bank's balance sheet grew by 24.9% to Rs 1361.71 billion as at Mar. 31, 2015.

Current and Savings Account (CASA) deposits grew by 29.0% to Rs 210.79 billion taking the CASA ratio to 23.1% as at Mar. 31, 2015 up from 22.0% as at March 31, 2014.

The bank Management & Board declared dividend of Rs 9 a share (90%), which is subject to shareholders' approval. Dividend payout ratio was at 22.6%.

Rana Kapoor, managing director & CEO, Yes Bank  said, ''YES Bank has delivered another satisfactory Quarter, and overall Financial Year across all key parameters of growth, profitability and asset quality. The Bank posted robust growth in advances and deposits while gradually increasing diversification and granularity as reflected in higher contribution from Retail/SME advances and CASA deposits I would also like to mention about the bank's highly successful journey and completion of Version 2.0. Over the past 5 years, Yes Bank has grown from a small sized bank and emerged as a meaningful entrant into the Large bank category transforming into a high quality, world-class institution in Indian banking amidst periods of global and domestic downturn.

As a testimony, the Bank has been able to garner accolades and appreciation from India and internationally. Multiple awards bestowed on the Bank recently during the Asian Banker Awards across Trade Finance, Cash Management and Risk Technology are testament of the bank's effective risk management, superior human capital and commitment to Innovation and technology going forward, Yes Bank has all levers in terms of network, franchise and human capital to embark on a journey for our transformation into a Large bank over the next 5 years. With an improving macroeconomic environment, Yes Bank will continue to capture market share propelled by both retail and corporate growth engines.''

Shares of the bank gained Rs 0.8, or 0.1%, to trade at Rs 785.35. The total volume of shares traded was 499,730 at the BSE (12.37 p.m., Wednesday).