Yes Bank on Wednesday reported an impressive jumped of 33.2 per cent in fourth-quarter net profit at Rs 362.2 crore, thanks to strong growth in net interest income and higher margins.

The mid-sized private lender's net interest income jumped 42.4 per cent to Rs 638.1 crore year-on-year in the three months through March 31. The lender's non-interest income also grew at the same rate to Rs 379.4 crore.

Net interest margin - the difference between interest income and spending as a proportion of a bank's total assets - was reported at 3 per cent, up 20 basis points (bps) from the year-ago quarter.

Deposits jumped 36.2 per cent, while loan advances grew 23.7 per cent year-on-year.

Rana Kapoor, managing director & CEO of the bank, said that the bank was staying away from high-risk regions and that it was pursuing growth in a `balanced' manner.

Speaking about the results, Mr. Kapoor said, "The sentiment is negative and the economic circumstances are challenging for banks. It's necessary for banks in such circumstances to take risk mitigating steps."

He also expressed optimism that the bank would be able to achieve credit growth in the range of 24 per cent to 25 per cent.

In the after-hours trading, Yes bank shares gained 2.18 per cent to Rs 479.50 apiece on the Bombay Stock Exchange (BSE).