Yes Bank Q3 results 2024: Net profit at ₹231 crore, NII up 2.3%

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Yes Bank Q3 result: Net profit at Yes Bank is at ₹231 crore, and the NII is up 2.3 percent at ₹2,016.8 crore, the company reported in its Q3 results on January 27, 2023. Yes Bank's net profit of ₹231.6 crore, fell short of market estimates set at ₹415.1 crore. The gross non-performing assets (NPA) of the bank remained at 2 percent, showing no change from the previous year.

Also Read | Weekend Wrap: From NHPC to IDBI Bank, top market movers this week Conversely, the net NPA for the quarter was 0.9 percent, a slight improvement from 1.0 percent in the same period last year. Yes Bank shares traded flat last ahead as the market eagerly waited for the announcement of Q3 results 2024. Trading range-bound throughout the week, Yes Bank share price registered a marginal gain of ₹0.20 per share in the week gone by and ended at ₹24.90 on NSE on Thursday.

Also Read | Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday Stock market experts expected Yes Bank to announce a healthy set of numbers in Q3FY24. They said that recoveries in the past few quarters are expected to keep the asset quality of the Yes Bank stable condition. With ARCs submitting bids for its two NPA loan books, the market is expecting healthy bottom-line growth in Q3FY24.