Thursday, 20 April 2017

Yes Bank fourth-quarter profit beats estimates

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Yes Bank Ltd on Wednesday posted a higher-than-expected quarterly net profit, helped by higher interest and other income. Yes Bank, India's fifth-biggest private sector lender by assets, reported a 30 percent rise in profit to 9.14 billion rupees ($141.56 million) in the March quarter. Interest earned in the quarter rose more than 23 percent to 43.49 billion rupees while 'other income' rose to 12.57 billion rupees compared with 8.03 billion rupees a year earlier.

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