Yes Bank has posted a 30.2 per cent rise in its net profit at Rs 306.1 crore in the September quarter on the back of good growth in core income and improvement in asset quality. The bank has also received board approval for entering into the mutual fund business and will soon apply for the regulatory approvals.
The banks total income increased by 37 per cent to Rs 2,263.13 crore in July-Sept. The bank has shown sound growth in profit on the back of rise in NII and improvement in margins, Yes Bank MD & CEO Rana Kapoor said.
Gross NPA improved to 0.24 per cent from 0.28 per cent. Net NPA was 0.05 per cent from 0.06 per cent.