Yes Bank Q1 net profit soars 84%
Private lender Yes Bank has registered a jump of 84% in its net profit for the first quarter ended June 30 to Rs 100.07 crore, over the corresponding period a year ago.
The bank had posted a net profit of Rs 54.33 crore during the first quarter of last financial year.
However, lender's total income surges to Rs 687.85 crore in the latest quarter of current financial year, from Rs 486.19 crore of the same period a year ago.
Recently, Yes Bank has revealed its plans to recruit more than 900 people in the current financial year (2009-1 0) to drive expansion in key segments. Apart from this, the lender would intend to expand its Automated Teller Machines (ATMs) to 500 ATMs by 2010, 1,500 by 2012 and over 3,000 ATMs by 2015.
Shares of Yes Bank closed on Tuesday at Rs 153, marginal down compared to its prevous close. The counter has made 52-week-high and low of Rs 155 and Rs 41 respectively.