YES Bank Q4 net up 33% at Rs 362.15 cr; declares 60% dividend
Private sector lender YES Bank on Wednesday posted 33.2 percent jump in net profit at Rs 362.15 crore for the fourth quarter ended March 31, 2013.
New Delhi: Private sector lender YES Bank on Wednesday posted 33.2 percent jump in net profit at Rs 362.15 crore for the fourth quarter ended March 31, 2013.
The bank had a net profit of Rs 271.8 crore in the same quarter in the previous fiscal.
Total income of the bank rose to Rs 2,667.03 crore in January-March quarter as compared to Rs 2,051.4 crore in the same period previous fiscal, YES Bank said in a statement.
Net Interest Income improved by 42.4 percent to Rs 638.1 crore as against Rs 448.2 crore in the year-ago period.
The bank proposed a dividend of 60 percent, or Rs 6, per share for 2012-2013.
For the entire fiscal ended March, 2013, the bank's net profit grew by 33.1 percent at Rs 1,300.7 crore, compared to Rs 977 crore in the corresponding fiscal.
Total income increased to Rs 9,551.43 crore during the year, compared to Rs 7,164.47 crore in the previous fiscal.
Net Interest Margin (NIM) improved to 3 percent at the end of March 2013. At the same time, Capital Adequacy Ratio of the bank stood at 18.3 percent.