YES Bank Q4 net up 28% at Rs 551 crore

Private sector lender YES Bank posted a 28.1% rise in net profit for the quarter ended March 31, 2015. The bank had a Q4 net profit of Rs 551 crore compared to Rs 430.2 crore in same quarter previous fiscal.

The advances grew by 35.8% and stood at Rs 75,549.8 crore as on March 31, 2015. Deposits grew by 22.9% as on March 31, 2015 compared to previous year Stock Market Trading Tips

Rana Kapoor, MD & CEO, YES Bank said, "The bank has posted robust growth in advances and deposits while gradually increasing diversification and granularity as reflected in higher contribution from retail/SME advances and CASA deposits."

The Current Account Savings Account (CASA) deposits grew by 29%. This led to a CASA ratio of 23.1% as on March 31, 2015 compared to 22% in previous fiscal.

The bank's gross non-performing assets ratio stood at 0.41% in Q4 compared to 0.31% in same quarter previous year. However, sequentially it was down from 0.42% in Q3 of FY15 Financial Astrology Trading Tips

Net interest margin stood at 3.2% for Q4 compared to 3% in same quarter of FY14. Net interest income was up by 35.8% in Q4FY15 compared to Q4FY14.

The Bank has posted a net profit of Rs 2,005.4 crore for the year ended March 31, 2015 as compared to Rs 1,617.8 crore for the year ended March 31, 2014.

At 1345 hours on Wednesday, the lender's shares on BSE were trading 0.7% lower at Rs 779 apiece Intraday Trading Tips