New Delhi, Oct. 22: Yes Bank today reported a 21 per cent growth in net profit at Rs 371.13 crore for the second quarter ended September.
The private bank had a net profit of Rs 306.08 crore in the July-September quarter of 2012-13.
Total income rose to Rs 2,947.39 crore from Rs 2,263.13 crore in the corresponding period a year ago, Yes Bank said in a filing to the Bombay Stock Exchange.
Shares of the bank today closed at Rs 372.10, up 13.75 from the previous close of Rs 358.35 on the BSE.
Private sector lender ING Vysya Bank today reported an over 17 per cent rise in net profit at Rs 176.30 crore for the second quarter ended September 30 against Rs 150.20 crore in the year-ago period.
Total income increased 16.2 per cent to Rs 625 crore.
Net interest income (NII) rose 19.4 per cent to Rs 440.30 crore from Rs 368.80 crore a year ago.
Net interest margin NIM — the difference between interest earned and interest spent — was flat at 3.46 per cent compared with 3.45 per cent in the same period a year ago.
“While we have seen margin pressure in the current quarter, we continue to be on track to more than match the full year NIM of 3.52 per cent achieved last year,” managing director Shailendra Bhandari said.