Yes Bank posts lower than estimated 25% rise in net profit in Q2
Yes Bank
Net profit rose to 10.03 billion rupees ($154.72 million) in the quarter ended Sept. 30, from 8.02 billion rupees a year earlier, the Mumbai-based bank said on Thursday. http://bit.ly/2yLfHo5
Analysts on average estimated profit at 10.27 billion rupees, according to Thomson Reuters data.
Gross bad loans as a percentage of total loans stood at 1.82 percent at end-Sept, compared with 0.97 percent a quarter earlier and 0.83 percent in the year-ago period. ($1 = 64.8250 Indian rupees)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
04:32 PM IST