Yes Bank on Thursday reported a 22% rise in its fiscal-third quarter profit on higher net interest income and other income.
Net profit rose to Rs1076.87 crore for the quarter ended 31 December from Rs882.63 crore a year ago. According to Bloomberg survey of 15 analysts, the bank was expected to post a profit of Rs 1,075.50 crore.
Net interest income (NII) or the core income a bank earns by giving loans increased 26.8% to Rs1888.80 crore compared with Rs1489.33 crore last year. Other income was at Rs1422.26 crore, up 39.91% from Rs1016.52 crore a year ago.