Yes Bank made a huge profit of 74 percent in the second quarter, touched the target of Rs 225 crore

New Delhi. Yes Bank on Friday said its standalone net profit for the second quarter of the current financial year ended September 30, 2021, stood at Rs 225 crore, registering a growth of 74 per cent. The private sector bank had made a profit of Rs 129 crore in the corresponding quarter of the last financial year.

The bank said in a regulatory information given to the stock exchanges that its total income declined to Rs 5,430.30 crore for the period July-September 2021 from Rs 5,842.81 crore in the same quarter last year. The bank’s net non-performing assets (NPAs) or bad loans rose to 5.55 per cent in the quarter under review from 4.71 per cent in the year-ago quarter.

What has been the condition of the stock:

After the announcement of the results, the stock of Yes Bank fell 3.15% to Rs 13.85 on the NSE around 2 pm. In the year 2021, the share price of Yes Bank has fallen by about 23%, although its value has increased by 9% in the last one year.

Source: Patrika : India's Leading Hindi News Portal by

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