Yes Bank posts Q3 net profit of Rs 151 cr
January 22, 2021
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Board approves Rs 10,000-crore fund raise
Private sector lender YES Bank reported a standalone net profit of Rs 150.71 crore for the third quarter of the fiscal year with robust growth in its net interest income. It had reported a net loss of Rs 18,560 crore in the quarter ended December 31, 2019.
The bank’s board, which met on Friday, also approved raising Rs 10,000 crore of funds in one or more tranches “through one or more permissible modes, including but not limited to a Qualified Institutions Placement/ Rights Issue / Global Depository Receipts / American Depository Receipts / Foreign Currency Convertible Bonds / Further Public Offering or a combination thereof, subject to shareholders’ enabling approval,” it said in a regulatory filing.
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.
YES Bank posts Q3 net of ₹151 crore
January 22, 2021
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Board approves fund raise of ₹10,000 crore
Private sector lender YES Bank reported a standalone net profit of ₹150.71 crore for the third quarter of the fiscal year with robust growth in net interest income.
It had a net loss of ₹18,560 crore in the quarter ended December 31, 2019. The bank’s board, which met on Friday, also approved raising ₹10,000 crore of funds in one or more tranches “through one or more permissible modes, including but not limited through a Qualified Institutions Placement/ Rights Issue / Global Depository Receipts / American Depository Receipts / Foreign Currency Convertible Bonds / Further Public Offering or a combination thereof, subject to shareholders’ enabling approval”, it said in a regulatory filing.
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