YES Bank Q2 net up 74% to Rs 225 cr on lower provisions, NII shrinks 23%

The lender will finalise partner ARC in 60 days, transfer NPA by March-end

Private lender YES Bank’s net profit was up 74.3 per cent to Rs 225 crore in the second quarter ended September 2021 (Q2FY22), on an uptick in non-interest income and a dip in provisions due to lower slippages.

It had posted a net profit of Rs 129 crore for Q2 Fy 21. Sequentially, it was up nine per cent from Rs 207 crore in June 2021 (Q1FY22).

Its net interest income (NII) shrank by 23.4 per cent in the reporting quarter at Rs 1,512 crore for Q2FY22. However,  NII rose sequentially by 7.9 per cent from Rs 1,402 crore in