YES Bank Q3 net profit falls 7%

YES Bank on Thursday reported a 6.9 per cent YoY fall in its net profit at Rs 1,001.85 crore for third quarter (October-December) of FY19. It had posted PAT of Rs 1,076.87 crore in the year-ago period. Sequentially, the figures grew 3.9 per cent. 
Total deposits grew 29.7 per cent YoY to Rs 222,758 crores. 
GNPA (Gross non performing assets) improved sequentially to 1.32 per cent from 1.60 per cent last quarter, NNPA improved to 0.59 per cent from 0.84 per cent last quarter and PCR improved to 55.6 per cent from 47.8 per cent, it said in its press release. 

Exposure to Il&FS group stood at Rs 2,530 crore. NII grew 41.2 per cent YoY to Rs 2,666.4 crore; sequentially it grew at 10.3 per cent; NIMs (net interest margins) were stable at 3.3 per cent, the company said. 

YES Bank has once again delivered satisfactory performance across income growth, margins, profitability and Capital accretion, despite the recognition and provision impact from a stressed Infrastructure conglomerate. Retail Assets growth momentum continues, while growth in corporate business segments has been rebalanced after witnessing strong market share driven growth over the last few preceding quarters," said Rana Kapoor, Managing Director & CEO, YES Bank.
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