Yes Bank Results: Private sector giant Yes Bank has announced the results of December 2021 quarter today (January 22). Yes Bank earned about 77 percent more profit on an annual basis in October-December 2021.
Yes Bank Results: Private sector giant Yes Bank has announced the results of December 2021 quarter today (January 22). Yes Bank posted a profit of Rs 266.43 crore, up 77 per cent year-on-year in October-December 2021. The bank had a profit of Rs 150.77 crore in the December 2020 quarter a year ago. However, there was a decline in the income of the bank in the last quarter and the bank earned Rs 5632.03 crore in the December 2021 quarter as compared to the income of Rs 6408.53 crore a year ago.
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Yes Bank’s December 2021 quarter results
- The bank earned a profit of Rs 266.43 crore in the December 2021 quarter, which was 77 percent higher on a year-on-year basis.
- Income declined to Rs 5632.03 crore on a year-on-year basis in the December 2021 quarter.
- In the December 2020 quarter, the bank had an interest income of Rs 2560 crore, which declined by 31 per cent to Rs 1764 crore in the same quarter of the next financial year.
- Gross NPA (Gross Non-Performing Assets) in comparison to the bank’s assets stood at 14.65 per cent in the December 2021 quarter as compared to 15.36 per cent in October-December 2020. However, NPAs increased from 4.04 per cent to 5.29 per cent.
- Apart from taxes and contingencies, other provisions have come down from Rs 2089 crore to Rs 374.64 crore.
- At the end of last year, the provision coverage ratio came down to 79.3 per cent.
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- Fresh slippage stood at Rs 978 crore.
- For the first time after Sibantar 2019, the balance sheet of Yes Bank crossed Rs 3 lakh crore in the December 2021 quarter.
- In the first nine months of the current financial year, April-December 2021, the bank opened 22 new branches and recruited 1065 personnel.
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