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YES Bank net profit up 33%; asset quality stable

To Rs 731.8 crore in the April-June quarter as its net interest income and other income surged significantly

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Yes Bank

Nupur Anand  |  Mumbai 

Private sector lender YES Bank has reported a 32.8 per cent growth in net profit at Rs 731.8 crore in the April-June quarter as its net interest income and other income surged significantly. Net interest income, the difference between interest earned and interest expended, increased 24 per cent to Rs 1,316.6 crore as the lender recorded a nearly 33 per cent growth in its advances.

The management stated that they witnessed credit demand from sectors such as pharma, auto, renewable energy, etc. Other income that includes treasury, fee income, etc also rose 65 per cent to Rs 900.5 ...

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First Published: Thu, July 28 2016. 00:23 IST
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