Yes Bank, one of the leading private sector banks, on Thursday  reported a growth of 30.19% in its second quarter net profit. The bank earned a profit of Rs 4.83 billion for the quarter ended Sept. 30, 2014. Market was expecting profit to come at Rs 4.39 billion.
 
The bank's quarterly income totaled at Rs 33.38 billion, an increase of 13.27% over Rs 29.47 billion in the same period a year ago.

Net Interest Income (NII) grew at 27.4% to Rs 8.56 billion for Q2 FY15 with healthy growth in advances and expansion of NIMs to 3.2% from 2.9% in Q2 FY14.

Loans grew by 30.0% and Deposits by 18.6% y-o-y, CD Ratio stands at 77.4%.

Total Deposits grew by 18.6% to Rs 801.31 billion as at Sept. 30, 2014. The bank's balance sheet grew by 13.8% to Rs 1162.30 billion as at Sept. 30, 2014. The bank's CD ratio stood at 77.4% as at Sept. 30, 2014.

Current and Savings Account (CASA) deposits grew by 30.8% y-o-y to Rs 180.15 billion taking the CASA ratio to 22.5% as at Sept. 30, 2014 up from 20.4% as at Sept. 30, 2013.

Gross Non Performing Advances as a proportion of gross advances was at 0.36%, while Net Non Performing Advances as a proportion of Net advances was at 0.09% as at September 30, 2014. Bank's specific loan loss Provision Coverage was at 75.8% as at Sept. 30, 2014.

Commenting on the results and financial performance, Rana Kapoor, MD & CEO, Yes Bank said, ''Yes Bank has witnessed healthy growth in Net Profit of 30%, on the back of strong NII, and continued focus on revenue and business diversity leading to a stable increase in Non-Interest Income. The Bank has continued to deliver steady performance in Q2FY15 maintaining healthy asset quality with meaningful expansion in NIMs.

He further added that, the bank continues to invest in retail branches and retail sales force, reflecting in CASA ratio improvement to 22.5% as on Sept. 30, 2014. The Bank has also established a robust SME & Retail Assets Banking platform which are becoming important growth drivers. The business metrics and performance have registered consistent improvement which is also reflected in the recent ratings upgrade received by the bank from ICRA & CARE. The Bank has been awarded the Best Asset Quality (Private Sector) award at the Dun & Bradstreet Banking Awards which is a result of proactive and robust risk management practices and systems employed by the Bank since inception in 2004.''

Shares of the bank gained Rs 13.15, or 2.06%, to trade at Rs 651.65. The total volume of shares traded was 298,464 at the BSE (12.03 p.m., Thursday).