Key Highlights Yes Bank Results Q3
- Yes Bank’s net profit for Q3 2024 jumped from ₹51 crore to ₹231 crore for the October to December quarter. However, falling short of market expectations of ₹415.1 crore.
- The bank’s gross NPA remained unchanged at 2% from the previous year, but the net NPA improved slightly from 1.0% to 0.9%.
- Yes Bank’s net profit for Q3 was Rs 231.6 crore, a 349.7% increase from Rs 51.5 crore a year ago.
- The bank’s gross NPA remained steady at 2% in Q3, while net NPA improved to 0.9%.
- Net Interest Income (NII) grew only 2.3% from last year to ₹2,016.8 crore.
- Net Interest Margin for the quarter stood at 2.4%, a growth of 10 basis points compared to the September quarter.
- Operating profit rose 5.4% to Rs 864 crore
- Deposits grew 13.2% to Rs 2.4 lakh crore.
- Provisions fell from ₹844.7 crore to ₹554.7 crore during the same period.
- CASA ratio declined slightly to 29.4% from 29.7% a year ago.
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