Yes Bank Q1 net up 355% YoY at Rs 207 cr on surge in non-interest income

Private lender Yes Bank's net profit rose by 355.2 per cent to Rs 207 crore in the first quarter ended June 2021 (Q1FY22) on a rise in non-interest income and a sharp dip in provisions.

The bank posted net profit of Rs 45 crore during the same quarter last year (Q1FY21). Sequentially, the bank had booked a loss of Rs 3,788 crore in the quarter ended March 2021 (Q4FY21).

The Yes Bank stock closed flat at Rs 13.07 per share on BSE.

Its net interest income (NII) fell by 26.5 per cent in Q1FY22 to Rs1,402 crore from Rs 1,908