Yes Bank shares close nearly 2% up as Q3 net profit rises

Shares of Yes Bank today closed nearly 2 per cent up after the company reported an increase in net profit for the third quarter ended December, 2013.

The bank's scrip ended at Rs 353.05, up 1.95 per cent, on the BSE. During intra-day trade, it had gained 2.8 per cent to Rs 356.

At the NSE, the bank's stock rose 1.92 per cent to close at Rs 353.25.

Yes Bank today reported 21.4 per cent rise in net profit at Rs 415.6 crore for the third quarter ended December, 2013.

It had reported a net profit of Rs 342.3 crore during the same period of the 2012-13 fiscal, Yes Bank said in a statement.

The net interest income rose by 13.3 per cent to Rs 665.4 crore as compared to Rs 584.3 crore in the same quarter of previous fiscal.

The total income of the bank increased to Rs 2,902 crore from Rs 2,446.83 crore in the year-ago period.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Investigating a crime after three decades is little more than a gimmick

    That communal riots and their aftermath are the easiest stick to beat any opposition with, and have tremendous emotive and therefore vote-catching abi

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schoettli

It’s time for Japan to step out of its shell

The execution of a Japanese hostage by ISIS has sho­cked ...

Zehra Naqvi

The urge to tell stories

One wants to tell a story, like Scheherzade, in order ...

Bubbles Sabharwal

Truth about truth

The question to ponder is, “is it the truth because ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture