YES Bank net profit up 32%; board okays 5:1 stock split

Net profit is helped by 44% growth in net interest income to Rs 1,809 crore

After being in the news for not so pleasant reasons, the sentiment is improving for YES Bank. The stock rose six per cent on Wednesday, on strong June quarter (Q1) performance. The board of directors had also approved a 5:1 stock split, another reason supporting the price move.

Net profit rose 32 per cent year-on-year to Rs 965 crore, helped by 44 per cent growth in net interest income (difference between interest earned and expended) to Rs 1,809 crore. Other income rose 17 per cent to Rs 1,132 crore. Net interest margins (NIMs), an indicator profitability, rose from 3.4 per