Yes Bank Q2 net up 40% at Rs64 cr

Yes Bank Q2 net up 40% at Rs64 cr


Mumbai: Private sector lender Yes Bank today said its net profit for the second quarter ended 30 September grew by 40.50% at Rs63.62 crore over the corresponding quarter last fiscal.

The bank registered a net profit of Rs45.28 crore in the second quarter of FY’08, Yes Bank said in a filing with the Bombay Stock Exchange.

Total income for the quarter under review rose to Rs569.93 crore from Rs379.38 crore in the year-ago period.

“In the recent market environment, Yes Bank has preserved to ensure highest credit quality of assets while sustaining income and growth objectives," Yes Bank Managing Director and CEO Rana Kapoor said.

Shares of the company were trading at 80.05, 0.44% in afternoon trade on the BSE.