Aided by higher interest income and growth in non-interest income, YES Bank's net profit for the quarter ended September increased 21.3 per cent to Rs 371.1 crore, against the corresponding period last year, the bank said on October 22.
Media reports say that the bank's net interest income, or the difference between interest income and interest expenditure, rose 28.2 per cent to Rs 672.1 crore from the year-ago period. On a year-on-year basis, net interest margin remained flat at 2.9 per cent during the quarter. Non-interest income rose 61.2 per cent to Rs 446.1 crore during the quarter.