Yes bank on saturday released the results for the fourth quarter (January-March) of the financial year 2024-25, in which the bank has performed brilliantly and recorded a net profit of Rs 738 crore. This is an increase of 63 percent as compared to Rs 452 crore in the same quarter last year.
What did the bank say?
The bank's Managing director and CEO prashant kumar said in his statement, "Q4FY25 was another important quarter for us. We have consistently improved key indicators and the increase in profits shows the success of our strategy." Understand from the figures
Net profit: 738 crores (63 percent increase, net profit of 452 crores in the previous quarter)
Net interest income (NII): 2,276 crores (5.7 percent increase)
Net interest margin (NIM): 2.5 percent
Provisioning: 318 crores (32.5 percent decline)
Gross NPA: 1.6 percent (10 basis point decline)
Net NPA: 0.3 percent (30 basis point decline)
Reasons behind the jump in profit
There were many major reasons for the increase in Yes Bank's profit. The most important of these is the increase in interest income. Actually, the basic income of the bank, i.e. the income from loans, has improved. Apart from this, the reserve created for bad loans has been reduced, which increased the profit. The bank has controlled its NPAs to a great extent. While gross NPA has come down from 1.7% to 1.6%, net NPA has come down from 0.6% to 0.3%. This shows a strong balance sheet of the bank and better chances of loan recovery in future.
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