Yes Bank Q4 net up 109% at Rs 64.5cr FY08 PAT at 200.02 crore.
Yes Bank has declared its fourth quarter and FY08 results. The bank has reported 108.74% jump in its Q4 net profit of Rs 64.5 crore versus Rs 30.9 crore in the corresponding quarter of previous year. Other income was up at Rs 106 crore versus Rs 78.7 crore.
Net interest income went up at Rs 389 crore versus Rs 202 crore and capital adequacy ratio, CAR stood at 13.64%.
Non performing assets, NPA stood at Rs 8.5 crore. Provisions and contingencies went up 80% at Rs 22.8 crore.
The company has also informed that bank dose not hance any exposure to forex products for the SME secotor
Its Full year (FY08) net profit Up by 111.97% at Rs 200.02 crore as against Rs 94.36 crore.
In the whole the bank has given the good numbers give the market status and lot of speculation on posible MTM loss on forex products.