IANS | 21 Jul, 2024
Private sector lender Yes Bank on Saturday reported a standalone net
profit of Rs 502 crore for the April-June quarter of 2024-25 which represents a
47 per cent jump over the corresponding figure of Rs 342.5 crore for the same
period of the previous year.
The interest earned by the bank during the quarter rose 19.8 per cent to
Rs 7,719 crore from Rs 6,443 crore in the same period last year.
The asset quality of the bank also improved during the first quarter
with the gross non-performing assets (NPA) of the bank coming down to 1.7 per
cent of total loans as of June 30, as compared to 2 per cent in the year-ago
period.
Similarly, the quarterly net NPA ratio declined to 0.5 per cent as of
June 30, compared to 0.6 per cent sequentially, and 1 per cent year-on-year.
--IANS
