Yes Bank Q1 profit up 9.6 pc at Rs 439.5 cr

Yes Bank today reported 9.6 per cent increase in net profit at Rs 439.5 crore for the first quarter ended June 30, 2014-15.

The private sector bank had posted net profit of Rs 400.8 crore in the April-June quarter of the 2013-14 fiscal.

The bank's total income in Q1, 2014-15 rose to Rs 3,105.21 crore, from Rs 2,839.9 crore in the year-ago period.

The NII during Q1 rose by 13.1 per cent to Rs 745.3 crore as against Rs 472.2 crore in the year-ago period.

As of June 30, 2014, YES Bank's gross non-performing assets (NPAs) rose to 0.33 per cent of advances as against 0.22 per cent in the same quarter of the previous fiscal.

Its net non-performing assets rose to 0.07 per cent from 0.06 per cent.

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