YES Bank Q4: Lender logs Rs 367 cr as net profit, NII rises 84% YoY

Provisions fell significantly to Rs 271 crore in Q4FY22 compared to Rs 5,113 crore in the year-ago period.

YES Bank reported a net profit of Rs 367 crore in the January-March quarter compared to a loss of Rs 3,787.75 crore in the year-ago period, citing a fall in provisions for the recovery. Analysts at Bloomberg had estimated a loss of Rs 254 crore for the quarter.

Sequentially, net profit is up 38 per cent. Also the private bank in FY22 earned net profit to the tune of Rs 1,066 crore, the first full year of profit since FY19.

Net interest income (NII) increased by 84 per cent year-on-year (YoY) and 3.1 per cent sequentially to Rs 1,819 crore.