Private lender Yes Bank today reported a strong performance in its Q1FY25 earnings, with its net profit rising 47% year-on-year to Rs 502.4 crore from Rs 342.5 crore in the same period last year.
The bank’s net interest income (NII) increased by 12.2% year-on-year to Rs 2,244 crore from Rs 1,999.6 crore a year ago.
The bank’s asset quality showed improvement as gross non-performing assets (NPA) reduced to Rs 3,845 crore from Rs 3,982.6 crore quarter-on-quarter. Net NPA also decreased to Rs 1,246 crore from Rs 1,330 crore.
The gross NPA ratio remained steady at 1.7% quarter-on-quarter, while the net NPA ratio improved to 0.5% from 0.6%.
The bank’s share price has also been on a tear ever since the reports of SBI’s stake sale surfaced in the markets.
