Private sector lender YES Bank on Friday reported a net profit of Rs 150.71 cr in the quarter ended December, 2020 compared to a loss of Rs 18,560 cr during the same period a year ago. The profit was Rs 129 cr in the September quarter.
The lender's net interest income grew 30 per cent sequentially to Rs 2,560 cr for the period under review. It was Rs 1,973 cr during the September quarter. Non-interest income grew 69.5 per cent QoQ to Rs 1,197 crore. The growth in non-interest income was due to significant increase in retail fees, the lender said in regulatory filing.
The lender's gross non-performing assets (GNPAs) stood at 15.36 per cent compared 16.9 per cent in September quarter. The net NPAs stood at 4 per cent.