Private sector lender Yes Bank today said its net profit rose by 74.79 per cent to Rs 140.03 crore for the fourth quarter ended March 31, over the same period last fiscal.
Total income of the bank rose to Rs 824.74 crore for the fourth quarter ended March 31, compared to Rs 656.07 crore in the same period previous fiscal, Yes Bank said in a filing to the Bombay Stock Exchange (BSE).
The bank has declared a dividend of 15 per cent or Rs 1.50 per share for the year ended March 31, 2010. For the year ended March, 2010, the bank has posted a net profit of Rs 477.74 crore, compared to Rs 303.84 crore in the corresponding fiscal.
"Yes Bank has delivered a robust financial performance with sustainable net interest income and exceptional credit growth of 78.9 per cent year on year," Yes Bank Founder, Managing Director and CEO Rana Kapoor said.
"Over the last 22 quarters we have substantially built our corporate and branch banking businesses through concerted efforts with strong demonstration of knowledge banking and relationship management competencies," he added.
The private lender reported a total income of Rs 2,945.24 crore for the year ended March, 2010, compared to Rs 2,438.34 crore in the last fiscal.
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The bank earned an interest of Rs 664.60 crore for the quarter ended March 31, 2010 compared to Rs 560.94 crore during the same period previous fiscal.
For the year ended March 2010, the bank earned an interest of Rs 2,369.71 crore, compared to Rs 2,001.44 crore in the last fiscal. Shares of Yes Bank were trading at Rs 279.40 on the BSE, down 0.71 per cent from its previous close.