Yes Bank Q1 Results: Net Profit Up 32%; Board Approves Stock Split
The PAT (profit after tax) of Yes Bank in the first quarter of current financial year has been declared as Rs 965.5 crore, which is a growth of 31.9 per cent from Rs 731.8 crore in the first quarter of last financial year.
The Net Interest Income (NII) saw a y-o-y growth of 44 per cent to rise up to Rs 1,808.9 crore.
The Net Non Performing Advances (NNPA) of the company has seen a marginal increase of 0.39% to Rs 545.3 crore.
The Board has also approved Stock Split in the ratio of 5 for 1, subject to approval from Shareholders’ and RBI.
“We will be shortly commencing our 14th year of commercial operations one more quarter from now and we remain well on course to achieve our stated objectives for 2020 with yet another quarter of overall satisfactory performance,” Rana Kapoor, Managing Director & CEO, YES BANK said in a statement.
“The Board is also pleased to approve Stock Split in the ratio of 5 for 1 and takes this opportunity to thank its shareholders for their valued support,” he said.
