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 www.patrika.com.
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