Yes Bank Q2 profit jumps 74% to Rs 225 crore

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Yes Bank on Friday reported a 74 per cent increase in standalone net profit to Rs 225 crore for the second quarter ended September.
Total income slipped to Rs 5,430.30 crore during the July-September period from Rs 5,842.81 crore in the same quarter last year, the bank said in a regulatory filing.
The private sector lender had earned a profit of Rs 129 crore in the corresponding quarter of previous fiscal.
Gross bad loans declined to 14.9 per cent of gross advances as on September 30.
The same stood at 16.9 per cent in the year-ago period.
However, net Non-Performing Assets (NPAs) or bad loans rose to 5.55 per cent in the quarter under review from 4.71 per cent a year ago.
Yes Bank Limited is an Indian private sector bank headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapur in 2004. It offers wide range of banking and financial products for corporate and retail customers through retail banking and asset management services.
CEO: Prashant Kumar (6 Mar 2020 ...)
Headquarters: Mumbai
Founded: 2004