Mumbai: Private sector lender Yes Bank on Wednesday
reported 75.6 per cent growth in net profit at Rs 111.71 crore
for the second quarter ended September 30, 2009.
The bank had a net profit of Rs 63.62 crore in the
September quarter of FY'09, Yes Bank said in a filing to the
Bombay Stock Exchange.
The total income of the bank rose to Rs 678.49 crore
during the second quarter, up from Rs 569.93 crore in the
corresponding period a year-ago.
"The bank continues to pursue its growth strategy in a
visibly improving credit environment. It has launched
customised products in the branch banking segment to meet the
specific needs of SME sector," Yes Bank Managing Director and
CEO Rana Kapoor said.
During the quarter the bank's interest income rose by
7.61 per cent to Rs 526.91 crore, while the interest expenses
dipped marginally to Rs 366.96 crore compared to the same
period last fiscal.
Shares of Yes Bank were trading at Rs 246.10, down 3.07
per cent over previous close on the BSE.
Bureau Report
First Published: Wednesday, October 21, 2009, 15:32