New Delhi: Private sector lender Yes Bank's standalone net profit rose 30 percent to Rs 540.29 crore in the third quarter ended December 31 on higher interest income.
The bank had posted a net profit of Rs 415.60 crore in the corresponding October-December quarter of 2013-14.
"Total income has increased from Rs 2,902 crore for the quarter ended December 31, 2013 to Rs 3,508.47 crore for the quarter ended December 31, 2014," it said in a filing to the BSE.
The interest earned rose to Rs 2,971.66 crore during the October-December period of 2014-15, up from Rs 2,514.12 crore a year ago.
Bank's income on investments increased to Rs 888.74 crore in the third quarter, from Rs 840.02 crore in the year-ago period.
However, the non-performing assets (NPAs) were sightly up with the gross bad loans as a percentage of advances rising to 0.42 percent from 0.39 percent a year ago.
The net NPAs inched up to 0.10 percent in Q3 FY15 from 0.08 percent in the corresponding period a year earlier.
Yes Bank shares traded 0.10 percent up at Rs 782.85 per piece in afternoon trade on the BSE.
