Yes Bank Q4 Result: Yes Bank of the private sector, which is recovering after the crisis, is showing its fire. The bank’s profit has increased by 293 percent in January-March and it has crossed Rs 200 crore. Read this news…
Yes Bank of the private sector released the results for the January-March quarter on Saturday. The bank has got a net profit of more than Rs 200 crore in the fourth quarter of the financial year 2022-23. This is 293 percent more than the previous quarter i.e. October-December.
Yes Bank’s profit in the January-March quarter has been Rs 202.43 crore. It was just Rs 51.52 crore in the October-December quarter. However, in the same quarter of the previous financial year, the bank’s profit was Rs 367.46 crore. According to that, the profit of the bank has fallen by 45 percent on an annual basis.
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Yes Bank in profit for the second consecutive year
Even though the profit of the bank has fallen in the January-March quarter, but overall in 2022-23 Yes Bank has earned profit. The bank says that its profit has fallen in the fourth quarter due to more provisioning for bad loans, but this is the second consecutive year when the bank’s profit has increased throughout the year.
Not only the profit of the bank, but the income has also increased. Its total income in the fourth quarter has been Rs 7,298.51 crore. Whereas in the same quarter of the financial year 2021-22, the bank’s income was Rs 5,829.22 crore. The total income of the bank in the financial year 2022-23 has been Rs 26,624.08 crore, while in 2021-22 it was Rs 22,285.98 crore.
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more share holders than card holders
One special thing related to Yes Bank is that at present the number of its share holders has exceeded its debit card holders. According to the latest data of the bank, the number of its share holders has reached 50.57 lakhs by the end of 2022-23.
Whereas by the end of the financial year 2022-23, the number of active debit card holders of the bank has been 44.26 lakh. That is, the number of share holders of the bank is 6.31 lakh more than its debit card holders.