The leading Private sector lender of the country Yes Bank Ltd. has posted an impressive fourth quarter financial results. The company has managed to register a mammoth 75% increase in its net profit for the quarter ended 31 March, 2010.

Loan growth and an increase in other income have propelled the Bank to reach Rs140 crore net profit for the same quarter. As the results were good, Yes Bank has also declared a 15% dividend to shareholders for the first time.

Lat year the net income of the company was Rs149.80 crore for the final quarter. But this year it has jumped to Rs244.20 crore with a hike of around 62.9% for the same quarter. In advances the bank has also received some major growth. It has been increased to78.9% to Rs22, 193.10 crore at the end of the fiscal year.

However, the yield on advances has fallen to 9.7% from 13% and the cost of funds has also reduced to 6.3% from 8.8%. On the other hand, the net interest margin of Yes Bank has widened to 3.2% from 3%.