Yes Bank delivered an impressive performance in the June quarter, as evident from its Q1 results released today. The bank’s net profit showed a remarkable 10.3% year-on-year (YoY) increase, reaching Rs 343 crore. Additionally, the net profit surged by 69.2% on a quarterly basis. The bank’s Net Interest Income (NII) also demonstrated strong growth, rising by 8.1% YoY to reach Rs 2 thousand crore during the same period.
Yes Bank’s Q1 Results Show 10.3% YoY Increase in Net Profit and 8.1% YoY Rise in Net Interest Income
Notably, Yes Bank’s asset quality has shown improvement in the June quarter. Investors responded positively to the excellent results, leading to a 4% surge in the bank’s shares, which closed at Rs 18.06 on the BSE this business week. The market’s positive response indicates optimism about Yes Bank’s financial performance and growth prospects.
