YES Bank's Q1 net soars 355% to Rs 207 crore, highest since Dec 2018

The Bank's gross Non performing assets rose marginally to 15.6 per cent in the June quarter

The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) rises per cent to Rs crore as against Rs 21,585 crore in the year-ago period.

Private lender YES Bank on Friday posted a standalone net profit of Rs 207 crore, the highest since December 2018, for the period ending June 30, 2021 (Q1FY22). This is a rise of almost 355 per cent when compared with a profit of Rs 45 crore in the year-ago period.

The strong bottomline show was on the back healthy rise in non-interest income and a sharp decline in provisions.

In the previous quarter (Q4FY21), the