Yes Bank, one of the leading private sector bank, today reported a 30.2% jump in net profit at Rs 9.14 billion for the third quarter ended March 31, 2017 from Rs 7.02 billion in the same period last year.
Total income of the bank increased 29.44% to Rs 56.06 billion during the quarter from Rs 43.31 billion in the corresponding period last year.
Net Interest Income of Rs 16.39 billion for Q4FY17; y-o-y growth of 32.1%. For FY17, NII increased by 26.9% to Rs 57.97 billion on back of growth in Advances & CASA and expansion in NIM.
NIM expanded to 3.6% for Q4FY17 from 3.5% in Q3FY17. NIM stands at 3.4% for FY17.
Total Capital Adequacy as per Basel III is robust at 17.0% with Tier I ratio at 13.3% and CET I Ratio at 11.4%. Shareholders Fund at Rs 220.54 billion and Total Capital Funds at Rs 317.31 billion as of Mar 31, 2017.
Rana Kapoor, Managing Director & CEO, Yes Bank (Q,N,C,F)* said, ''YYes Bank's completion of 12.5 years (50 quarters) of operations is marked by achieving significant milestones of 1,000 branches, 20,000+ employees, CASA ratio crossing 36%, IBU Total Assets (at Gift City) crossing USD 1 Billion, successful completion of India's Largest Private Sector INR QIP of Rs 49.06 billion (USD 750 Million) and Rs 30 billion of Basel III complaint AT1 bond issue, rated AA by CARE, ICRA and India Ratings. Further, the Bank continued delivering sustained financial performance through robust growth in earnings and expanding NIMs despite challenging operating environment.
Additionally, continued investments in Human Capital, Technology and Digitization has resulted in significant momentum across Retail Assets, Liabilities and Retail Fees. The bank’s growth and earning models continue to remain robust with increasing granularity and diversity across Asset, Liabilities and Earnings.''
Shares of the bank declined Rs 0.5, or 0.03%, to settle at Rs 1,605.40. The total volume of shares traded was 243,279 at the BSE (Wednesday).