YES Bank today reported 34.3 per cent increase in net profit at Rs 290.1 crore for the first quarter ended June 30.
The private sector bank had posted net profit of Rs 216.08 crore in the April-June quarter of 2011-12.
The bank said its total income during Q1,2012-13 rose to Rs 2,174.4 crore,from Rs 1,564.8 crore in the same period last fiscal.
“The bank has achieved healthy net profit gorwth of 34.3 per cent on the back of strong NII growth and robust non interest income growth,” YES Bank MD and CEO Rana Kapoor said in a statement.
The NII (Net Interest Income) during April-June 2012 rose by 33.3 per cent to Rs 472.2 crore as against Rs 354.2 crore in the year-ago period,while non-interest income grew by 74.3 per cent to about Rs 288 crore,the bank said.
Bank’s total advances grew by 16.4 per cent to Rs 38,533.9 crore and total deposits rose by 15.2 per cent to Rs 50,208 crore as on June 30,2012.
YES Bank further said it added 25 branches during the first quarter of the current fiscal,taking the total to 381.
Shares of the bank were being quoted at Rs 346.05 in the late afternoon trade on the BSE,up 1.38 per cent from the previous close.
📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines