Q2: Yes Bank posts 75.6 pc growth in net profit

Posted By: Staff
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Mumbai, Oct 21: In a filing with the Bombay Stock Exchange, Yes Bank posted 75.6 per cent growth in net profit at Rs 111.71 crore for the second quarter (Q2).

In Q2 ended Sep 30, 2009, the bank had a net profit of Rs 63.62 crore while the total income of the bank went up to Rs 678.49 crore versus the Rs 569.93 crore in the year ago quarter.

During the Sep quarter of FY'09, the bank's interest income went up by 7.61 per cent to Rs 526.91 crore, while the interest expenses slipped marginally to Rs 366.96 crore (YoY).

"The bank continues to pursue its growth strategy in a visibly improving credit environment. It has launched customised products in the branch banking segment to meet the specific needs of SME sector," said, Rana Kapoor, CEO and Managing Director of Yes Bank.

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