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The bank’s Net Interest Income (NII) came in at ₹2,223.5 crore, a 10.2% growth compared to ₹2,016.9 crore in Q3 FY2024. However, this was slightly below the street’s expectations, with the CNBC-TV18 poll predicting NII at ₹2,258 crore.
Despite the slight miss on NII, Yes Bank reported stable asset quality metrics, with Gross NPA remaining steady at 1.6% and Net NPA at 0.5%, both unchanged compared to the previous quarter.
Yes Bank’s gross and net NPAs showed minor quarterly increases with the Gross NPA rising marginally to ₹3,963.47 crore, compared to ₹3,889.4 crore in Q2 FY2025. The Net NPA stood at ₹1,142.6 crore, a slight decrease from ₹1,168 crore in the previous quarter. The bank maintained its Gross NPA ratio at 1.6% and Net NPA ratio at 0.5%.
#3QWithCNBCTV18 | Yes Bank reports #Q3 earnings
Net Profit At ₹612.3 Cr Vs CNBC-TV18 Poll Of ₹538.9 Cr
NII At ₹2,223.5 Cr Vs CNBC-TV18 Poll Of ₹2,258 Cr
Here’s how the actual numbers compare with the CNBC-TV18 poll ???? pic.twitter.com/hRRCKpaGsA
— CNBC-TV18 (@CNBCTV18Live) January 25, 2025
The article will be updated with more details shortly