Yes Bank has made public its financial performance for the second quarter of FY25, during which it achieved a net profit of INR 553 crore, which is a staggering year-on-year increase of 145.6 percent . Such a sharp rise in profit indicates that the bank’s growth strategies have been successfully implemented even in the current difficult market conditions.
For the group, operating profit increased to INR 975 crore, which is an increase of 21.7% over the previous year and 10.2% over the preceding quarter. Moreover, the Net Interest Income (NII) stood at INR 2,200 crore, increasing 14.3% YoY, while net interest margins (NIMs) held stable at 2.4%. Further, the non-interest income increased to INR 1,407 crore which is up by 16.3% on yearly basis and 17.3% on quarterly basis. The bank also controlled increase in operating expenses to 12.8% on yearly basis and 2.9% on quarterly basis, while cost-income ratio improved to 73.0% lower than 74.4% last year. The Return on Assets (RoA) of the bank remained unchanged at 0.5%. This once again reaffirms the stability of the bank.
Yes Bank is a private sector bank ,headquarter located in Mumbai, established in 1999. It has a considerable footprint all over India, with more than 1900 branches and more than 1200 ATMs across the country offering several financial services to the customers. For all latest financial news, keep yourself updated with Dalal Street India.
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As stated in Bhagavad Gita :
अहं आत्मा गुडाकेश सर्वभूताशयस्थितः
I am the Self, O Gudakesha, seated in the hearts of all creatures.
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