YES Bank Q1 net up 32% at Rs 966 cr as gross bad loan ratio falls

Gross bad loans as a percentage of total loans fell to 0.97% in Q1 from 1.52% in Q4FY17

 

YES Bank reported a 32 per cent rise in net profit to Rs 966 crore ($150 million) in the quarter ended June 30, 2017, compared to Rs 732 in the year-ago period helped by higher interest and fee income.

The country's fifth-biggest private-sector lender by assets said on Wednesday. 

Analysts on average had expected the Mumbai-based bank to report a net profit of Rs 956 crore, according to Thomson Reuters data.

Gross bad loans as a percentage of total loans fell to 0.97 per cent at the end of June in the financial year (FY) 2017-18 from 1.52 per cent at the end of March in FY17.

YES Bank shares were trading 3 per cent higher after the results in Sensex that was up 0.36 per cent.