The private sector lender posted a net loss of ₹3,462 crore in the previous fiscal year. It had posted a loss of 22,715 crore in FY20. Yes Bank registered a profit of 1,066 crore during the year ended March 2022. Yes Bank registered a net profit of ₹367 crore for the quarter ended March 2021-22. It’s the first full-year profit since FY19, Yes Bank said. Net profit for Q4 FY22 rose by 38% from ₹266 crore in the preceding quarter. Total income during January-March period of FY22 increased to ¬5,829.22 crore.
Yes Bank’s gross non-performing assets (NPAs) improved to 13.9% of the gross advances as of March 31, 2022 from 15.4% a year earlier. The bank’s sanctions/disbursements stood at ₹70,000 crore across various segments in 2021-22. The bank’s gross non-performing loans (NPLs) fell to 4.5% from 5.9% in the previous quarter, down from 6.1% a year earlier.
