Private sector
lender Yes Bank has reported a profit growth of 25 percent
year-on-year at Rs 1,002.7 crore despite sharp spike in provisions, but asset
quality deteriorated on sequential basis.
Profit in quarter
ended September 2017 stood at Rs 801.54 crore.
Net interest income,
the difference between interest earned and interest expended, shot up 33.5
percent to Rs 1,885.1 crore compared with Rs 1,412.16 crore in same quarter
last fiscal.
Profit was expected at
Rs 1,008.7 crore and net interest income at Rs 1,855.3 crore for the quarter,
according to average of estimates of analysts polled by CNBC-TV18.
Provisions
and contingencies came in at Rs 447.1 crore for the quarter, sharply higher by
56.4 percent quarter-on-quarter and 176.5 percent year-on-year.
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