NEWS & ADVICE : HOME LOANS
YES Bank posts 52% rise in profits in Q3
By Joseph Samson
Jan 21, 2011
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Private sector lender, YES Bank has reported having generated 52% rise in net profits amounting to Rs 191 crore for the third quarter of this fiscal. The profits booked by the bank for the same period last year was Rs 126 crore.

The growth in profits has been attributed to rise in net interest income and improvement in non interest lines of revenue, said Rana Kapoor, MD and CEO of the bank.

"We have raised lending rates by 200 basis points (100 bps hike in BPLR and Base Rate each) during this fiscal, but here is a lag effect on the re-pricing of loans,'' he said.

The bank is expected to raise lending rates again this quarter but the amount raised will depend on the rise in policy rates by RBI, said Kapoor.


 


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