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Yes Bank reports 2.6x rise in net profit to ₹612 cr
The New Indian Express Sambalpur
|January 26, 2025
NET INTEREST INCOME UP 10% AT ₹2,223 CR
PRIVATE sector lender Yes Bank on Saturday reported a 2.6x increase in net income at ₹612 crore for the December quarter, buoyed by a sharp decline in provisions and higher fee income as its retail banking business is returning to near normalcy as it has begun to draw back from the capital locked in the RIFD.
In the last quarter, the bank, owned by other banks led by SBI, had reported a 150% jump in net profit at ₹553 crore.
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