YES Bank reports NET Profit of Rs.553 crore for Sep 24 Quarter, Download Financial Results PDF

October 26, 2024

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Yes Bank reported a notable rise in net profit for the second quarter, reaching Rs 553 crore—a substantial increase from Rs 225 crore in the same quarter last year. The bank’s net interest income (NII) grew by 14.3% to Rs 2,200 crore, up from Rs 1,925.1 crore in Q2 of FY24, showing consistent progress in core lending activities. Click here to Net Profit of all Banks in September 2024 Quarter.

Asset quality also improved, with the gross non-performing asset (GNPA) ratio falling slightly to 1.6% from 1.7% in the previous quarter, while the net NPA ratio held steady at 0.5%. In terms of value, GNPAs were Rs 3,889.43 crore, up slightly from Rs 3,844.90 crore quarter-on-quarter. Net NPAs dropped to Rs 1,168 crore from Rs 1,246 crore in the prior quarter, highlighting better credit quality and reduced default risks.

Financial Results PDF will be provided in evening. Click here to Net Profit of all Banks in September 2024 Quarter.

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