Mumbai: Private sector lender Yes Bank Ltd on Wednesday said its June quarter net profit rose 31.94% to Rs965.52 crore from Rs731.80 crore a year ago on higher income. ALSO READ: Yes Bank shares jump over 6% on strong Q1 resultsOther income, which includes core fee income, rose 17.81% to Rs1,132.16 crore in the three months ended 30 June, from Rs961 crore a year ago. Gross non-performing assets (NPAs) as a percentage of total advances stood at 0.97% in the quarter under review, compared to 0.79% in the year-ago quarter. The bank increased provisions during the quarter to Rs285.78 crore, against Rs206.63 crore in the year-ago quarter, an increase of 38.31%. On Wednesday, Yes Bank closed at Rs1,712.55 per share, up 6.10%, while the benchmark Sensex index was up 0.48% to 32,382.46 points.

Source: Mint July 26, 2017 09:18 UTC