YES Bank net profit jumps 29%

YES Bank on Thursday reported 29% Y-o-Y rise in net profit at Rs 1,179 crore, compared with Rs 914 crore in the corresponding quarter last year.

The bank's net interest income grew by 31.4% Y-o-Y at Rs 2,154 crore for the fourth quarter compared with Rs 1,640 crore in the same quarter last year.
The company made Rs 399.64 crore worth of provisions for the March quarter, compared with Rs 309.73 during the year-ago period.

YES Bank declared Rs 2.7 per share dividend on Thursday. Commenting on the results, Rana Kapoor, Managing Director & CEO of YES Bank said, "FY18 has been a landmark year in YES Bank’s ‘Large Bank Growth Phase’ with the bank crossing significant milestones insize, outreach and granularity while continuing to deliver on satisfactory earnings. Well segmented and granular growth across Corporate, MSME and Retail businesses has resulted in Advances crossing Rs 2 lakh crore."

YES Bank's CASA ratio at stood at 36.5%, on the back of 41.1% y-o-y growth. While advances grew by 53.9% y-o-y to Rs 2,03,533.9 crore on the back of robust growth across Corporate, MSME and Retail businesses.