Yes Bank net up 41% to Rs 63.6cr

Private sector bank Yes Bank has posted a 41 per cent increase in its net for the second quarter of this financial year as compared to corresponding quarter last year.

The bank has posted a net profit of Rs 63.62 crore for the quarter ending September 30, 2008 as compared to Rs 45.28 crore it posted in the corresponding quarter last year.

Its total income went up by 50 per cent at Rs 570 crore for the quarter ending September 30, 2008 as compared to Rs 379.38 crore it posted in the corresponding quarter last year.

Rana Kapoor, Managing Director & CEO, Yes Bank said, "In the recent market environment, Yes Bank has persevered to ensure highest credit quality of assets while sustaining income and growth objectives."