Yes Bank, one of the leading private sector bank, announced a substantial rise in standalone net profit for the quarter ended June 2017. During the quarter, the profit of the bank rose 31.94% to Rs 9.65 billion from Rs 7.31 billion in the same quarter previous year.

Total income for the quarter rose 21.48% to Rs 57.86 billion, compared with Rs 47.62 billion for the prior year period.

Net Interest Income of Rs 18.08 billion for Q1FY18; y-o-y growth of 44.0% driven by growth in Advances & CASA, and steady expansion in NIM.

NIM expanded to 3.7% for Q1FY18 from 3.6% in Q4FY17. Non-Interest Income of Rs 11.32 billion for Q1FY18; y-o-y growth of 17.8%.

Total Net Income of Rs 29.41 billion in Q1FY18 y-o-y growth of 32.7%. Operating Profit of Rs 17.04 billion for Q1FY18; y-o-y growth of 30.4%.

Rana Kapoor, Managing Director & CEO, Yes Bank said, ''We will be shortly commencing our 14th year of commercial operations one more quarter from now and we remain well on course to achieve our stated objectives for 2020 with yet another quarter of overall satisfactory performance.

Our investments in Retail franchise are now demonstrating meaningful outcomes with significant momentum through robust CASA growth of 55.2% taking CASA ratio to 36.8% and Core Retail Advances growth of 166%. At the same time the Bank continues to garner market share in its various Corporate & MSME businesses while maintaining superior asset quality parameters. The Board is also pleased to approve Stock Split in the ratio of 5 for 1 and takes this opportunity to thank its shareholders for their valued support.''

Shares of the bank gained Rs 98.4, or 6.1%, to settle at Rs 1,712.55. The total volume of shares traded was 813,844 at the BSE (Wednesday).