Business Daily from THE HINDU group of publications
Tuesday, Oct 31, 2006

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Money & Banking - Financial Performance
Corporate Results - Private Banks
YES Bank Q2 net up 50 pc

Our Bureau

Mumbai , Oct. 30

YES Bank has reported a 50.8 per cent growth in net profit for the second quarter ending September at Rs 21.49 crore (Rs 14.25 crore).

Total income increased by 182 per cent to Rs 166.01 crore (Rs 58.82 crore) while total expenditure went up 261 per cent to Rs 131.08 crore (Rs 36.34 crore). Other income increased to Rs 38.13 crore (Rs 21.88 crore). In terms of revenue, treasury brought in Rs 92.57 crore (Rs 20.50 crore). "The net profit of the bank was mainly due to the rise in net interest income and non-interest income, which constitutes treasury, financial advisory, fee-income, among others," said Mr Rana Kapoor, Managing Director and CEO, YES Bank.

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