Yes Bank posts net profit of Rs 151 cr in Q3

New Delhi: Private sector lender Yes Bank on Friday reported a profit of Rs 150.71 crore for the third quarter ended December 2020.

It had posted a record loss of Rs 18,654 crore a year ago due to surge in bad loans.

Total income during the quarter under review increased to Rs 6,518.37 crore from Rs 6,268.50 crore in the same period last fiscal, Yes Bank said in a regulatory filing. The bank's gross non-performing assets (NPAs) as a percentage of assets eased to 15.36 per cent during October-December 2020-21 from 18.87 per cent in the year-ago period.

Similarly, the net NPA was lower at 4.04 per cent as against 5.97 per cent at the end of the third quarter previous fiscal. Asianet Online