Yes Bank Q2 net up 33% to Rs 235 cr

“Yes Bank achieved steady growth in profits on the back of sustained growth in customers assets of 27.4 per cent,stable margins contributing to net interest income (NII) growth of 23.1 per cent and a continued focus on revenue diversity,leading to a strong non-interest income growth of 63.4 per cent,” the bank’s Managing Director and CEO Rana Kapoor said.

During the half-year ended September,the bank clocked a net profit of Rs 451 crore,up from Rs 333 crore in the corresponding year-ago period. Its total income in April-September,2011-12,stood at Rs 3,219 crore,as against Rs 1,968 crore in the same period last fiscal,Yes Bank said.

The bank’s scrip was quoted at Rs 285.90 in afternoon trade on the BSE today,down 1.41 per cent from its previous close.