Private lender YES Bank on Saturday reported 77% jump in consolidated net profit at Rs 266 crore for the quarter ending December 31, 2021, its highest net profit since December 2018. The lender reported net profit of Rs 148 crore in the year-ago period. On sequential basis, the net profit rose 18%.
However, total income during the quarter under review declined to Rs 5,632.03 crore from Rs 6,408.53 crore in the same period last fiscal, Yes Bank said in a regulatory filing. Provision coverage ratio decreased to 79.3 per cent at the end of December 31, 2021.
Net interest income fell 31% to Rs 1,764 crore in Q3FY22 as against Rs 2,560 crore in Q3FY21.