Yes Bank Reports Robust Q1FY25 Earnings Amidst Mixed Stock Performance (Business Opportunities - Other Business Ads)
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Yes Bank Reports Robust Q1FY25 Earnings Amidst Mixed Stock Performance | |
Yes Bank, a key player in the Indian private banking sector, has garnered significant attention after reporting strong earnings for the quarter ending June 2024 (Q1FY25). The bank's net profit surged by 46% year-on-year (YoY) to ₹502.43 crore, up from ₹342.5 crore in the same quarter last year. This robust growth underscores Yes Bank's ongoing recovery and operational strength, even as it navigates a challenging financial environment. Net Interest Income (NII) and Margins Yes Bank's Net Interest Income (NII), a critical indicator of its core earnings, grew by 12.2% YoY to ₹2,244 crore in Q1FY25, compared to ₹2,000 crore in Q1FY24. On a sequential basis, NII saw a modest increase of 4.2% from ₹2,153 crore in the previous quarter. The bank's Net Interest Margins (NIMs) remained stable at 2.4% for the June 2024 quarter, reflecting the bank's ability to maintain profitability despite a competitive lending environment. Phone: 8319024923 Email: info@financesaathi.com Address: Ground Floor, Sharda Complex, Banjari Road, Gopalganj - 841503 Get More Info : https://financesaathi.com/news_details/yes-bank-reports-robust-q1fy25-earnings-amidst-mixed-stock-performance Website : https://financesaathi.com/ | |
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| Target Prov.: All Provinces Target City : Gopalganj Last Update : Aug 09, 2024 7:05 AM Number of Views: 34 | Item Owner : Abhay Varn Contact Email: Contact Phone: 08319024923 |
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2024-12-26 (0.394 sec)