Yes Bank shares started the day positively, opening at ₹27.50 each on the NSE, and later reached a peak of ₹28.55 per share after the market opened today (April 29). This follows the announcement of robust Q4 2024 results by the bank on Saturday.
The price of Yes Bank shares today
YES Bank shares commenced trading at approximately ₹28.10 each on the BSE. However, they were seen trading at ₹27.4 apiece on the BSE, reflecting a rise of ₹1.28 or 4.86 percent.
Yes Bank Q4 Results
Yes Bank announced a significant increase of 124 percent year-on-year in its net profit for the March 2024 quarter, reaching ₹454 crore. The bank also disclosed that its net interest income for January-March 2024 grew by 2.3 percent to ₹2,153.1 crore, compared to ₹2,105.2 crore in the previous year. In the corresponding period last year, the net profit was reported at ₹202.4 crore.
In January-March 2024, the operating profit stood at ₹902.47 crore, showing a slight increase from ₹888.90 crores recorded a year earlier. -Yes Bank share
According to news agency Reuters, Chief Executive Prashant Kumar stated that Yes Bank anticipates a 12.1% increase in loans and a more than 22% rise in deposits compared to the previous year. Looking ahead, the bank expects deposit growth of 18.5% and loan growth of 17% for the current financial year.
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During the conference call, Chief Financial Officer Niranjan Banodkar mentioned that the bank retained high-cost deposits in the shape of Rural Infrastructure Development Fund balances.
