News > YES Bank Q3 Results: Net profit drops 81% to Rs 51.5 crore

YES Bank Q3 Results: Net profit drops 81% to Rs 51.5 crore

Private sector lender YES Bank today reported 80.66% on-year drop in its standalone December quarter net profit at Rs 51.52 crore due to ageing related provisions. Its net interest income improved 11.7% YoY at Rs 1,971 crore in Q3. Its net interest margin (NIM) in Q3 stood at 2.5% up nearly 10 bps YoY and down 10 bps QoQ. Provisions rose 45% QoQ to Rs 845 crore. While net advances rose 10.4% YoY to Rs 194,573 crore, total deposits increased 15.9% YoY to Rs 213,608 crore.