It reported a standalone net profit of Rs 502 crore for the three months to June 2024, recording an increase of 47 per cent over Rs 342.5 crore in the same quarter a year ago. Interest earnings were up 19.8 per cent at Rs 7,719 crore against Rs 6,443 crore in the same quarter last year.
Yes Bank, on the asset quality front, remained quite impressive during the first quarter of the fiscal. Gross non-performing assets came down to 1.7% of total loans as of June 30 from 2 per cent in the same period last year.
Additionally, the bank said that net NPA ratio for the quarter was at 0.5 per cent as of June 30, improving sequentially from 0.6 per cent and down from 1 per cent year on year. These were some of the positive financial indicators of Yes Bank's performance, showing a strengthened performance in the quarter, coupled with improved asset quality metrics.
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