The bank, rescued by an RBI-initiated bailout in March 2020, reported healthy margins, robust core or net interest income, and stable asset quality along with healthy asset and deposit growth numbers. In a conference call with reporters on Saturday, the bank management said net interest income rose 14.3% to ₹2,200 crore from ₹1,925.1 crore a year ago, reflecting steady growth in core lending operations.Net interest margin improved to 2.4% from 2.3% a year ago. However, it remained flat sequentially. Non-interest income came in at ₹1,407 crore, or 1.4% of average assets annualised. "The bank continues to deliver as per the stated strategic objectives, with superior growth in SME and mid-corporate segments, growth resumption in the corporate segment, and calibration of growth in the retail segment, aimed at profitability improvement. It continues to maintain nil priority sector lending shortfalls," Prashant Kumar, CEO and MD, told reporters.Asset quality improved, with gross non-performing asset ratio falling to 1.6 from 1.7 YoY, while net NPA ratio remained stable at 0.5.

Yes Bank net profit zooms nearly 146% to ₹553 crore

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.