Yes Bank's Q2FY22 YoY net profit up over 74 pc
Yes Bank on Friday reported a rise of 74.3 per cent in its net profit for Q2FY22 on a year-on-year basis.
Mumbai
The lender's net profit during the period under review rose to Rs 225 crore from Rs 129 crore for Q2FY21.
However, the bank's net interest income declined on a YoY basis to Rs 1,512 crore from Rs 1,973 crore earned during Q2FY21.
In contrast, the non-interest income rose by 30.2 per cent during the period under review to Rs 778 crore from Rs 597 crore.
Similarly, the bank's provisions declined on a YoY basis. It fell to Rs 377 crore from Rs 1,078 crore.
"GNPA ratio at 15 per cent vs 15.6 per cent last quarter, Overdue Book (31- 90 days) lower by Rs 6,000 crore Q-o-Q," the lender said in a statement.
"Resolution momentum continues with Rs 987 crore of Cash Recoveries & Rs 969 crore of upgrades in Q2FY22."
In addition, the bank reported a pickup in new business generation.
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