NEW DELHI: Private lender YES Bank NSE -0.36 percent reported a 77 percent year-on-year (YoY) increase in net profit for the December quarter, to Rs 266 crore, compared to Rs 151 crore in the same period last year.
The bank was widely expected to disclose losses for the quarter, according to analysts.
Provisions for the quarter fell by 82.1 percent year on year to Rs 375 crore, down from Rs 2,089 crore the previous quarter.
The bank's net interest income (NII) fell by 31% year on year to Rs 1,764 crore from Rs 2,560 crore the previous quarter. The net interest margin (NIM) for the quarter was 2.4 percent, up from 2.2 percent in September and 3.4 percent in the previous quarter.
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