YES Bank Q1 Results: Profit rises 10% YoY to Rs 343 crore; NII up 8%
The bank's gross non-performing asset (GNPA) ratio fell 20 basis points sequentially to 2% but net NPA increased by 20 bps on-quarter to 1%. Provisions for the quarter more than doubled YoY to Rs 360 crore. During the quarter, net interest margin or NIM saw a growth of 10 bps YoY to 2.5%. Net advances registered a 7.4% YoY growth at Rs 2,00,204 crore while the total deposits rose 13.5% YoY to Rs 219,369 crore.
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