O YES Bank Net Rises 31% in Q3
CHENNAI 10 BusinessLine BANKING FRIDAY • JANUARY 20 • 2017 QUICKLY Axis Bank net YES Bank net rises 31% in Q3 Aided by improved Advances increased 39 per cent y-o-y to ₹1,17,087 crore as at slumps 73% in Q3 net interest margins, December-end 2016 from says MD Rana Kapoor ₹84,396 crore as at December- Bad loan provisioning end 2015. OUR BUREAU Deposits were up 30.5 per cent rises, net interest Mumbai, January 19 to ₹1,32,376 crore (₹1,01,437 crore margin declines YES Bank has reported a 31 per as at December-end 2015). The cent increase in net profit to low-cost CASA (current account Paying up JPMorgan Chase announced an OUR BUREAU ₹883 crore in the third quarter and savings account) deposits agreement to settle a federal lawsuit that Mumbai, January 19 ended December 30, 2016, from increased to 33.3 per cent from accuses the bank of discriminating against Axis Bank’s net profit in the third ₹676 crore in the year-ago 26.6 per cent. minority borrowers by charging them $1,000 quarter of FY17 decreased 73 per period. crore). Gross non-performing assets more than equally qualified white customers. cent year-on year (y-o-y) to ₹580 In the reporting quarter, net Rana Kapoor, Managing Dir- as a proportion of gross ad- The lawsuit was settled for $55 million AFP crore on higher provisioning for interest income (the difference Rana Kapoor, MD & CEO, YES Bank ector & CEO, YES Bank, said vances edged up to 0.85 per cent bad loans.
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