Yes Bank on Thursday said its Q3 net profit rose 51.8 per cent to Rs 191.1 crore on stable net interest income and sustained fee income growth.
Net interest income for the quarter ended December 31, 2010, (Q3 FY11) jumped 53.2 per cent to Rs 323.1 crore from the same period last year, the private sector lender said. Non-interest income increased 26.5 per cent to Rs 161.7 crore for Q3 FY11 compared to the corresponding quarter last year.
The bank’s total advances grew by 66.3 per cent to Rs 31,112.2 crore as on December 31, 2010, from Rs 18,710.4 crore as on December 31, 2009.
Similarly, total deposits rose by 79 per cent to Rs 39,452.8 crore as on December 31, 2010, from Rs 22,038.6 crore in the corresponding quarter in 2009.
