Private sector lender YES Bank on Tuesday reported a 32.94 per cent jump in net profit to Rs 254.09 crore
for the third quarter ended December 31, 2011.
The bank had posted a net profit of Rs 191.12 crore for the corresponding year-ago period.
Total income of the lender rose to Rs 1,895.49 crore during the October-December quarter from Rs 1,287.82 crore in the same period last fiscal, YES Bank said in a filing to the Bombay Stock Exchange.
"I'm pleased to report that
YES Bank has delivered another sustained quarter of financial performance... in the backdrop of a challenging economic environment... The increase in savings accounts rate to 7 per cent, coupled with alignment of fixed deposit rates for NRIs with domestic fixed deposit rates, are clear competitive differentiators," Managing Director and CEO Rana Kapoor said.
During the first nine months of 2011-12, the net profit of the bank rose by 34.64 per cent to Rs 705.19 crore from Rs 523.75 crore in the year-ago period, the filing said.
Total income of the lender rose to Rs 5,113.02 crore during the April-December period from Rs 3,255.64 crore in the same period of 2010-11.
During the quarter, gross NPAs of the bank fell marginally to 0.20 per cent of total advances from 0.23 per cent in the year-ago period, it added.
Shares of the bank settled at Rs 318.95 apiece on the BSE on Tuesday, up 4.03 per cent from their previous close.
YES Bank MD Rana Kapoor 
Special 
