Yes Bank Q2 profit jumps 18.3 per cent to Rs 654 crore

Yes Bank posted an 18.3 per cent rise in Q2 net profit to Rs 654 crore, driven by growth in non-core income. Core NII, deposits, and operational efficiency improved. The bank aims 10 per cent credit growth and plans 80 new branches in FY2

Mumbai: Yes Bank on Saturday reported an 18.3 per cent rise in its September quarter net profit at Rs 654 crore on non-core income growth. The private sector lender had reported a net profit of Rs 553 crore in the year-ago period.

The core net interest income rose 4.6 per cent on the back of 6.4 per cent growth in its loanbook and a 0.10 per cent expansion in the net interest margin. Managing director and chief executive Prashant Kumar said the bank will be aiming to accelerate the credit growth to 10 per cent for the fiscal year. He added that the wor