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YES Bank net profit increases 31 per cent

YES Bank net profit increases 31 per centMumbai, July 26 (IANS) Private sector YES Bank on Wednesday reported 31.9 per cent growth in its net profit for the quarter ended June 30, 2017, as compared to previous year's corresponding period.

In a regulatory filing with the BSE, the bank said its board has authorised sub-division of existing 1 (one) equity share of face value of Rs 10 each fully paid up into five equity shares of Rs 2 each fully paid.

YES Bank closed the first quarter of the current fiscal with a net profit of Rs 965.52 crore -- up from Rs 731.80 crore logged for the quarter ended June 30, 2016.

 

The bank earned a total income of Rs 5,785.96 crore for the period under review -- up from Rs 4,762.83 crore for the like quarter in the previous year.

According to YES Bank, its gross non-performing assets (NPA) stood at Rs 1,364.38 crore and net NPA at Rs 545.31 crore as on June 30, 2017.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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YES Bank net profit increases 31 per cent

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.