Private lender Yes Bank on Saturday reported a weak set of Q4 earnings with its net profit declining 45% on a year-on-year basis as provisions for bad loans increased. Yes Bank’s Q4 net profit came in at Rs 202 crore against Rs 367 crore reported in the same period last year. The bank’s net interest income came in at Rs 2,105 crore against Rs 1,819 crore YoY.
The bank’s Gross non-performing asset (GNPA) ratio jumped by 17 bpsQoQ to 2.17%. The net NPA, however, improved to 0.83% for the quarter ended March 31 against 1.03% in the previous quarter.
Shares of Yes Bank on Friday ended lower by 1.8% at Rs 16.20 on the bourses against its previous close of Rs 16.50.
