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Wednesday, Jul 26, 2006

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

Our Bureau

Mumbai , July 25

YES Bank registered a growth of 50 per cent in its net profit during the first quarter, ended June 30, due to a rise in income.

The bank's net profit increased to Rs 16.88 crore as compared to Rs 11.25 crore, during the corresponding quarter for the previous year. "The bank has continued to invest in retail business, thus increasing our operating profit by over 77 per cent to Rs 29.84 per cent, which also contributed to our profit," said Mr Rana Kapoor, Managing Director and CEO, YES Bank. Total income for the quarter rose considerably by 170 per cent to Rs 129.39 crore against Rs 48.01 crore.

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