Yes Bank posts net profit of ₹367 crore in Q4; returns to full-year profitability in FY22
The Hindu
FY22 is the first full-year profit since FY19, Yes Bank said in a regulatory filing
Yes Bank on Saturday said it returned to full-year profitability in the fiscal which ended March 2022, registering a profit of ₹1,066 crore during the year.
The private sector lender had posted a net loss of ₹3,462 crore in the previous fiscal year which ended March 2021 and a loss of ₹22,715 crore in FY20.
FY22 is the first full-year profit since FY19, Yes Bank said in a regulatory filing.
In the quarter which ended March of the fiscal year 2021-22, the bank registered a net profit of ₹367 crore.
There was a net loss of ₹3,788 crore in the same quarter of the previous fiscal year 2020-21.
Compared sequentially, the net profit in Q4 FY22 rose by 38% from ₹266 crore in the preceding quarter which ended December 2021.
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