Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
26 April, 2017 21:13 IST
Yes Bank Q4 net jumps 30% to Rs 9.14 bn
Source: IRIS | 19 Apr, 2017, 06.16PM
Comments  |  Post Comment

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).

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Reliance Home Finance FY17 net jumps 2-fold to Rs 1.73 bn - 26-Apr-2017 12:17
LIC Housing Finance quarterly profit rises 18% - 26-Apr-2017 11:55
LIC Housing Finance quarterly profit rises 18% - 26-Apr-2017 11:55
Nucleus Software Exports quarterly profit jumps 57.66% - 26-Apr-2017 11:42
Persistent Systems quarterly earnings drop 0.41% - 26-Apr-2017 10:51
Persistent Systems quarterly earnings drop 0.41% - 26-Apr-2017 10:51
Zensar Technologies quarterly earnings plunges 84.49% - 26-Apr-2017 09:11
Wipro Q4 profit rises 7% on sequential basis to Rs 22.67 bn - 25-Apr-2017 17:02
Wipro Q4 profit rises 7% on sequential basis to Rs 22.67 bn - 25-Apr-2017 17:02
UltraTech Cement quarterly profit drops 11.27% - 25-Apr-2017 09:14
UltraTech Cement quarterly profit drops 11.27% - 25-Apr-2017 09:14
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer