Friday, February 14, 2025
HomeBusinessYes Bank posts net profit of Rs 367 crore in Q4; returns...

Yes Bank posts net profit of Rs 367 crore in Q4; returns to full-year profitability in FY22

Yes Bank posts net revenue of Rs 367 crore in Q4; go back to full-year profitability in FY22

< img src="https://bharatsuchana.com/wp-content/uploads/2022/04/gMn7WU.jpg"class="ff-og-image-inserted"> NEW DELHI: Yes Bank on Saturday said it went back to full-year profitability in the fiscal ended March 2022, registering an earnings of Rs 1,066 crore throughout the year. The private sector lender had published a bottom line of Rs 3,462 crore in the previous ended March 2021 and a loss of Rs 22,715 crore in FY20. FY22 is the first full-year revenue since FY19, Yes Bank stated in a regulative filing. In the quarter ended March of the financial year 2021-22, the bank registered a net profit of Rs 367 crore. There was a bottom line of Rs 3,788 crore in the very same quarter of the previous
2020-21. Compared sequentially, the net earnings in Q4 FY22 increased by 38 per cent from Rs 266 crore in the preceding quarter ended December 2021. Total earnings throughout January-March duration of FY22 increased to Rs 5,829.22 crore from Rs 4,678.59 crore in the very same quarter of FY21.
The full-year overall earnings, however, was down at Rs 22,285.98 crore in 2021-22 from Rs 23,053.53 crore in 2020-21. Yes Bank stated it saw
strong development in deposits and granular advances during the year and the sanctions/disbursements stood at Rs 70,000 crore across various sectors
in 2021-22. On the property quality front, the bank’s gross non-performing possessions(NPAs )improved to 13.9 percent of the gross advances as of March 31, 2022 from 15.4 per cent a year earlier. The net NPAs or bad loans came down to 4.5 percent from 5.9 percent. The bank’s MD and CEO Prashant Kumar stated:” This transformation journey happening at Yes
Bank has resulted into sustained improvement in balance sheet development, accelerated granularization, enhancing possession quality trends, boosted liquidity and stronger capital position over the past 2 years.”While the core operating profitability of the franchise continues to enhance
, the drag from tradition stressed properties has considerably decreased, resulting into net profitability, he added. Published at Sat, 30 Apr 2022 09:31:16 +0000

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

chiffon dress design in pakistan on Realme 6 Pro Review | NDTV Gadgets 360
You searched for on Realme X50 Pro 5G Review
Telefoane Mobile Ieftine si Accesorii on Oppo Enco Free True Wireless Earphones Review