'Yes Bank has reported 47% growth in net profit at Rs 502.43 crore
for the quarter ended June 2024 (Q1FY2025). The bank has posted healthy 12% growth
in net interest income (NII), while the core fee income of the bank also
improved 23% in Q1FY2025. The Net Interest Margin (NIM) of the bank was lower
at 2.40% in Q1FY2025 compared to 2.50% in the corresponding quarter of previous
year.
On business front, the
bank as has posted 18% growth in business with strong 15% surge in loan book. The
asset quality of the bank was stable in Q1FY2025. Bank has substantially reduced
the credit to deposit ratio to 86.6% at end June 2024 from 91.3% at end June
2023. The CASA ratio of the bank has improved to 30.8% at end June 2024 from 29.4%
at end June 2023.
Asset quality improves: The bank has maintained
stable asset quality in Q1FY2025.
The fresh slippages of
loans stood at Rs 1205 crore in Q1FY2025 compared with 135...
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