Yes Bank beat estimates by registering a net profit of Rs 415 crore in the third quarter. Analysts polled by NDTV had expected net profit to come in at Rs 376 crore.
Net interest income (NII) during the quarter stood at Rs 665.4 crore against estimates of Rs 678 crore.
At 1:15 pm the Yes Bank stock was up 1.44 per cent at Rs 351.30, outperforming the broader indexes.
Net non-performing assets (NPA) stood at 0.08 per cent compared to 0.04 per cent in the previous quarter. Gross NPA stood at 0.39 per cent compared to 0.28 per cent in the second quarter.
Deposits during the reporting quarter grew 20.7 per cent, while loan growth stood at 14.7 per cent.
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