Yes Bank's net profit rises by 31% to Rs 802 crore

Yes Bank reported standalone net profit of Rs 801.54 crore for the second quarter September 30, 2016 (Q2FY17), registering growth of 31.31% year-on-year (yoy) and 9.52% quarter-on-quarter (qoq). 

The bank's net interest income stood at Rs 1446.17 crore, increasing by 30.46% yoy and 9.84% qoq. 

Net interest margin expanded by 1 basis points to 3.4% in Q2FY17, compared to 3.3% a year ago same period. 

Provisions and contingencies was at Rs 161.67 crore, up by 55.54% yoy but down by 21.75% qoq. While gross non-performing assets (GNPA) was at 0.83%, expanding by 4 basis point yoy and 22 basis point qoq. 

Yes Bank's total advances have risen by 37.74% yoy to Rs 1,10,216.20 crore this quarter. 

While the bank's  CASA (current account savings account) ratio crossed for the first time above 30%-mark this quarter. It stood at 30.3%, improving by 4.8% from 25.5% a year ago. 

After the Q2 announcement, shares of Yes Bank was trading at Rs 1318.80, above Rs 27 or 2.09% at 12.41 pm.