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YES Bank Q4 net up 33 per cent, proposes dividend of 60 per cent

YES Bank Q4 net up 33 per cent, proposes dividend of 60 per cent

YES Bank's total income rose to Rs 2,667.03 crore in January-March quarter, compared to Rs 2,051.4 crore in the same period in 2012-13.

Private sector lender YES Bank has posted 33.2 per cent jump in net profit at Rs 362.15 crore for the fourth quarter ended March 31, 2013.

The bank had a net profit of Rs 271.8 crore in the same quarter in the previous financial year.

Total income of YES Bank rose to Rs 2,667.03 crore in January-March quarter, compared to Rs 2,051.4 crore in the same period previous financial year, it said in a statement.

Net Interest Income improved by 42.4 per cent to Rs 638.1 crore, against Rs 448.2 crore in the year-ago period.

The bank proposed a dividend of 60 per cent, or Rs 6, per share for 2012-2013.

For 2012-13, the bank's net profit grew by 33.1 per cent at Rs 1,300.7 crore, compared to Rs 977 crore in the corresponding financial year.

Total income increased to Rs 9,551.43 crore during the year, compared to Rs 7,164.47 crore in the previous financial year.

Net Interest Margin (NIM) improved to 3 per cent at the end of March 2013. At the same time, Capital Adequacy Ratio of the bank stood at 18.3 per cent.

Shares of YES Bank were trading 2.18 per cent higher in late afternoon trade, at Rs 479.50 on the Bombay Stock Exchange.

With inputs from PTI

Published on: Apr 17, 2013, 3:57 PM IST
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