Yes Bank Q4 Results: Net profit jumps 123% Y-o-Y to ₹452 crore, NIMs steady at 2.4%; asset quality improves

2 weeks ago 6

1 min read 27 Apr 2024, 01:55 PM IST

Yes Bank Q4 Results: The bank's plus prime metrics displayed sustained improvement. Gross non-performing assets (GNPA) stood astatine 1.7%, nett non-performing assets (NNPA) astatine 0.6%, and PCR astatine 66.6%. All these ratios showed important betterment compared to the erstwhile quarter.

Indian Private lender YES Bank posted a important summation successful nett net by 123 per cent connected April 27, (REUTERS)

Yes Bank Q4 Results: Indian Private lender YES Bank posted a important summation successful nett net by 123 per cent connected April 27, arsenic opposed to analysts' expectations for the 4th fourth (Q4) of FY24. The bank's nett net surged 123.2 per cent year-on-year (Y-o-Y) to ₹452 crore, compared to ₹202.4 crore successful Q4FY23. This maturation momentum continued from the erstwhile quarter, with a 95.2 per cent summation sequentially (Q-o-Q).

NIMs remains dependable Q-o-Q astatine 2.4% for Q4FY24

The slope saw a robust maturation successful non-interest income crossed assorted interest streams, with a 56.3 per cent Y-o-Y and 31.3 per cent Q-o-Q summation successful Q4FY24. Non-interest income for FY24 besides grew by 38.8 per cent Y-o-Y.

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Published: 27 Apr 2024, 01:55 PM IST