Yes Bank Reports 30.2% Jump In Q4 Net Profit, NIM Expands To 3.6%

Yes BankBSE -0.03 % on Wednesday reported a 30.2 per cent rise in profit after tax (PAT) to Rs 914.1 crore for the quarter ended March 31, 2017, beating Rs 875 crore profit estimated by analysts in an ETNow poll. The private lender had reported a net profit of Rs 702.10 crore in the corresponding quarter of last year. 

The bank said its net interest income (NII) was up 32.1 per cent at Rs 1,639.70 crore for the March quarter compared with Rs 1,241.40 crore in the same quarter last year. Total net income was up 56.6 per cent at Rs 1,257.40 crore. 

Meanwhile, provisions for the quarter rose 66.10 per cent to Rs 309.70 crore. NIM for the quarter at 3.6 per cent was higher than 3.5 per cent in Q3FY17 and 3.4 per cent in the year-ago quarter. 

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