YES Bank’s stock surged 8.46% to ₹21.02 on the NSE at 9:23 AM today following its robust Q2 FY25 results. The stock opened at ₹20.35, reached a high of ₹21.17, and saw a low of ₹20.25, with the previous close at ₹19.38.
In its Q2 report, YES Bank posted a 145.6% year-on-year increase in profit to ₹553 crore, driven by a 14.3% rise in Net Interest Income (NII) to ₹2,200 crore. Asset quality also showed improvement, with the Gross NPA ratio falling to 1.6% from 1.7% (QoQ), reflecting effective credit management.
Investor enthusiasm for YES Bank’s strong quarterly performance and asset quality improvements contributed to the stock’s notable price increase today.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making investment decisions.
