YES Bank Q3FY21 net at Rs 151 cr versus Rs 18,560 cr loss a year ago

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Private sector lender YES Bank has posted a net profit of Rs 151 crore in the third quarter ended December 2020 (Q3FY21), on improved net interest margins. It had booked a staggering loss of Rs 18,560 crore in third quarter ended December 2019 (Q3FY20).

Sequentially, net profit was up 16.5 per cent over September 2020 (Q2FY21). Its stock closed 1.56 per cent higher at Rs 90.9 per share on Bombay Stock Exchange (BSE).

It posted a 29.7 per cent in net interest income (NII) at Rs 2,560 crore over September 2020 quarter. Also, net interest margins (NIMs) improved by 30