Yes Bank's 3rd quarter earnings has revealed healthy growthNew Delhi: Yes Count on Saturday reported a 77 per cent increase in profit to Rs 266.43 crore for the 3rd quarter ended December 2021.
It had taped a revenue of Rs 150.77 crore in the corresponding duration of last year.At the very same time nevertheless, the private lender's overall income throughout the quarter under review decreased to Rs 5,632.03 crore from Rs 6,408.53 crore in the corresponding period of last year, Yes Bank said in a regulatory filing.Net interest income likewise slipped by 31 percent to Rs 1,764 crore as compared to Rs 2,560 crore in the exact same quarter a year ago.The bank's gross non-performing possessions (GNPAs) as a percentage of properties reduced to 14.65 percent during the quarter from 15.36 per cent in the year-ago period.On the other hand, net NPAs increased to 5.29 percent as versus 4.04 percent at the end of the third quarter previous fiscal.Provisions other than tax and contingencies came down considerably to Rs 374.64 crore from Rs 2,089 crore.
On November 1, 2021, the bank had actually completed the sale of its entire stake in its entirely owned subsidiaries YES Property Management (India) Limited and YES Trustee Limited to CPL Finance and Investments Limited.
The net positive effect to the monetary outcomes post this sale, consisting of reversal of the impairment provision was Rs 14.94 crore, it stated.