New Delhi: Shares of Yes Bank surged over 6% on Wednesday after the company’s net profit zoomed 32% for the first quarter ended June. Private lender Yes Bank’s net profit zoomed 32% to Rs965.52 crore for the first quarter ended June compared to the year-ago period. The bank had reported a net profit of Rs 731.80 crore in the same quarter of last fiscal. According to the filing, total income of the bank jumped to Rs 5,785.96 crore in the April-June quarter, from Rs 4,762.83 crore in the same quarter of 2016-17. Gross non-performing assets (NPAs) of the bank rose to 0.97% of gross advances as on 30 June 2017, against 0.79% as of 30 June 2016.

Source: Mint July 26, 2017 11:37 UTC