Yes Bank Second Quarter Profit Up 25%, Lags Estimates

Yes Bank India's fifth-biggest private-sector lender by assets, posted a lower-than-expected 25 per cent increase in the second-quarter profit, as bad loans rose. Net profit rose to Rs1,003 crore ($154.72 million) in the quarter ended September 30, from Rs802 crore a year earlier, the Mumbai-based bank said on Thursday.

Analysts on average estimated profit at Rs1,027 crore, according to Thomson Reuters data. Gross bad loans as a percentage of total loans stood at 1.82 per cent at end-September, compared with 0.97 per cent a quarter earlier and 0.83 per cent in the year-ago period.