Yes Bank Shares Soar 9% After Strong

Yes Bank shares surged 8.98% to Rs 28.50 apiece at the opening of Monday's trading session.

Yes Bank reported a standalone net profit of Rs 452 crore for Q4FY24, marking a 123% increase YoY.

Interest income surged by 20% YoY to Rs 7,447.17 crore for Yes Bank in Q4FY24.

Yes Bank's net interest income (NII) saw a modest 2% YoY increase, rising to Rs 2,153 crore.

Net interest margin (NIM) for Yes Bank remained unchanged sequentially at 2.4%.

Operating profit for Yes Bank grew 4.4% YoY, reaching Rs 902 crore in Q4FY24

Yes Bank's gross NPA fell to 1.7% in the March quarter, down from 2% in the corresponding quarter last year.

Net NPA for Yes Bank stood at 0.6% in the March quarter

Provisions for Yes Bank fell 23.7% YoY to Rs 470.80 crore in Q4FY24.

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