A recent press report said that YES bank’s profit has increased from 176 crore to 235 crore in the July – September 2011 compared to the previous year. Mr. Rana Kapoor, CEO and Managing Director YES Bank said that the growth in the profit was through the Diversification of income said by.
The net interest income of the Bank has increased to Rs. 1439 crore which is 51 percent more when compared with the July – September 2010 results. The non-interest income has increased form Rs. 131 crore to Rs. 386 crore which is 63 percent higher. The Net Interest Income of the Bank increased by 23 percent to Rs. 386 crore from Rs. 313 crore.
Mr. Rana said that the growth in the Non Interest Income was possible due to the diversification of revenues, growth in the customer assets and the margins contributing to the NII Growth.
Reports also said that bank’s growth in non interest income was due to the strong growth in transaction banking, financial markets and financial advisory business.
Yes Bank an Indian Bank, engaged in providing a range of banking and financial services. The lending portfolio of the bank includes home loan, personal loan, mortgage loans, vehicle loans, loan against Property for SMEs and individual etc.