Yes Bank announced Q2 Finance results report Net profit 129.7 crore

Yes Bank announced Q2 Finance results has Net profit 129.7 crore

Yes Bank announced Q2 Finance results report the net profit Rs 129.37 crore on 30 September 2020 but last year same quarter results loss of Rs.600.08 crore report the Yes Bank.

The NII (Net Interest Income) increase 3% percent QoQ to Rs.1,973 crore but last quarter Rs.1,908 crore. Non Interest Income growth QoQ 14% to Rs.707 crore but last quarter Rs.621 crore.

Operating expenses decline 4.5% QoQ and 21.1% year-on-year to Rs.1,320. The Net advances at Rs.1,66,923 crores grew 1.5%, Strong pickup retail disbursements at Rs.3,764 crore from Rs.425 crore last quarter.

The Yes bank liquidity coverage ratio is September 30, 2020, at 107.3% percent, and Capital position CET ration at 13.5%, total CRAR at 19.9%.

Asset quality parameters as of September 30, 2020′ PCR improves to 75.7% vs 75.1% last quarter, including technical write-offs PCR at -80%, GNPA (Gross Non-Performing Asset) the 16.9% as against 17.3 last quarter. NNPA (Net Non-Performing Assets) of 4.71% as against 4.96% percent last quarter.

Total Covid related provisioning stepped up to Rs.1,918 crore as (1.15% percent advances), Sustained Momentum in Operating Profits at Rs.1,360 crore.

Yes Bank current trade share price Rs.13.30

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