In december quarter earnings ,yes bank share price gains

In december quarter earnings ,yes bank share price gains

Yes, bank share prices rose more than 3 percent at the beginning of trading on January 24 after the company announced in December quarter income.

Private sector lenders on January 22 reported a growth of 77% in December quarter profit in RS 266 Crore as a lower provision and a higher loan recovery pushed income to lenders.

Net interest income, the size that is closely watched from how much money is done by the bank from the loan, down 31% to Rs 1,764 Crore and other income decreases 32% to RS 734 Crore.

Provisions and contingencies fell 82% to RS 375 Crore. In sequence they dipped 0.7%.

Fresh fresh slippages were significantly lower at RS 978 Crore against Rs 1783 Crore in the previous quarter. Recovery and improvement for quarters reviewed each reached RS 610 Crore and RS 573 Crore.

As a percentage of total loans, gross non-performance assets (NPA) increased to 14.7% compared to 15% in the previous quarter and 15.4% a year earlier.

NPA Net decreased slightly by 5.3% of total loans compared to 5.5% in the previous quarter. However, they increased from four percent a year earlier.

At 9:27 a.m. the bank quoted at Rs 13.99, up 0.25, or 1.82 percent in BSE.

The section touched the highest 52 weeks of Rs 17.55 and the lowest 52 weeks of Rs 10.69 on January 25, 2021 and August 24, 2021, respectively.

At present, trading 20.28 percent below 52 weeks and 30.87 percent above the lowest level of 52 weeks.

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