Yes Bank net up 45%, declares 25% dividend

Private sector lender Yes Bank on Wednesday posted 45 per cent jump in net profit to Rs 203.4 crore for the fourth quarter ended March 31, 2011, led by growth in advances.

The bank had a net profit of Rs 140 crore in the same quarter in the previous fiscal, Yes Bank informed the Bombay Stock Exchange.

Total income of the bank rose to Rs 1,409.3 crore in January-March quarter as compared to Rs 824.7 crore in the same period previous fiscal.

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Net Interest Income improved by 42.7 per cent to Rs 348.8 crore as against Rs 244.2 crore in the same quarter a year ago.

The bank proposed a dividend of 25 per cent, or Rs 2.50, per share for 2010-2011.

For the entire fiscal ended March, 2011, the bank's net profit grew by 52.2 per cent at Rs 727.1 crore, compared to Rs 477.7 crore in the corresponding fiscal.

Total income increased to Rs 4,665 crore during the year, compared to Rs 2,945.2 crore in the previous fiscal.

Net Interest Margin (NIM) was 2.9 per cent at the end of March 2011. At the same time, Capital Adequacy Ratio of the bank stood at 16.5 per cent.

Total advances rose by 54.8 per cent Rs 34,363.6 crore during the year as compared to Rs 22,193.1 crore in the previous fiscal.