Yes Bank scrip up over 2% as Q2 net increases

Yes Bank's scrip today rose by over 2 per cent after the company reported a 26.5 per cent rise in net profit for the second quarter ended September 30.
The stock was up 1.95 per cent to settle at Rs 743.50 on BSE. During the day, it gained 2.48 per cent to Rs 747.40.
At NSE, shares of the company climbed 2.19 per cent to Rs 743.60.
Yes Bank today reported a 26.5 per cent rise in net profit at Rs 610.4 crore for the second quarter ended September 30, boosted by fee income, which helped it offset the impact of rising bad loans that more than doubled in the reporting period.

The private sector lender also said it will be launching an asset management business for which approvals are pending with the central bank.
The net NPAs during the quarter more than doubled to 0.20 per cent from 0.09 per cent in the year-ago period. Its gross NPAs jumped to 0.61 per cent from 0.36 per cent.