YES Bank Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· The total income of the company stood at ₹ 3,135 Cr · The net profit for Q2 FY’24 stood at ₹ 225 Cr, 47.4% growth YoY · The net interest income (NII) of ₹1,925 Cr declined, down 3.3% YoY and 3.7% QoQ

Performance Highlights

· The total income of the company saw a rise of 9.4% YoY · Total deposits went up 17.2% YoY to reach ₹ 2,34,360 Cr · The Profit after tax (PAT) saw a massive surge of 47.4% YoY

Digital Expansion

YES Bank launched its digital mobile banking solution ‘iris by YES BANK’. Furthermore, UPI payments were introduced via RuPay cards and interoperability was enabled on RBI’s CBDC app.

Company’s Expenses

Concomitantly, the expenses shot during the quarter. For the quarter under review, the company reported a total expense of ₹2,334 Cr, a 12.5% Increase YoY.

Source: YES Bank Financial Report – Q2 Report, BSE