Private sector lender Yes Bank said its net profit grew 24.20 per cent in the fourth quarter ended March 31 at Rs 80.11 crore over the corresponding period a year ago, but it would not recommend any dividend for FY'09.
The company had a net profit of Rs 64.50 crore in the fourth quarter of the last financial year, Yes Bank informed the stock exchanges.
Total income of the company increased to Rs 656.07 crore in the March quarter of FY'09 from Rs 494.30 crore in the same quarter a year ago.
Meanwhile, the bank said "With the objective of ensuring sustainable growth and maximising capital resources," its board "has not recommended any dividend for 2008-09."
For the financial year ended March 2009, Yes Bank posted a net profit of Rs 303.84 crore, registering a 51.92 per cent growth compared to Rs 200 crore of last fiscal.
Total income of the lender rose to Rs 2,438.34 crore during FY09 from Rs 1,665.35 crore of FY08.
Shares of Yes Bank closed at Rs 76.7, down 3.94 per cent on the BSE.
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