Yes Bank's Q2 result: Profit doubles to Rs 553 cr on strong lending income

Quick Summary:

Yes Bank's loans grew 12.4 per centon year, while deposits rose 18.

That exceeded analysts' average forecast of Rs 546 crore, according to LSEG data.

Banks, however, are trying to raise deposits to fund the credit growth that has kept margins under pressure.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Indian banks Q2 results Banks Lending income Profits Lending YES Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 13:50:52 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 343 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23249134

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 231 posts per day

Year Established: 1975

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News Last Updated: 5 hours ago

Coverage Areas: India

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Publisher ID: #49

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