YES Bank, one of the leading private sector banks, has paid Rs 2.38 billion as second instalment of advance tax to the government on September 15. The advance tax payment was higher by Rs 400 million or 20.18% when compared with Rs 1.98 billion advance tax paid on September 15 last year.
For the June quarter, the bank has paid advance tax of Rs 1.81 billion compared with Rs 1.82 billion in the same period last year.
Recently, the bank has posted a growth of 9.75% in its first quarter net profit. The bank earned a profit of Rs 4.39 billion for the quarter ended Jun. 30, 2014.
Shares of the bank declined Rs 26.4, or 4.17%, to trade at Rs 606.45. The total volume of shares traded was 237,680 at the BSE (12.15 p.m., Monday).