Yes Bank's Q4 Results Propel Share Price 8% Higher

Yes Bank's fourth-quarter results for 2024 showcased remarkable growth, propelling its share price by 8%. Here's a brief breakdown of the highlights

– Profit Surge: The bank reported a net profit of ₹451 crore for Q4, marking a staggering 123% increase compared to the previous year.

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– NPA Reduction: Gross NPA stood at 1.7%, down from 2.2% YoY, indicating improved asset quality. Similarly, net NPA improved to 0.6% from 0.80% on a YoY basis.

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– Expansion into Payment Banking: In a strategic move, Yes Bank started functioning as a PSP Payment Bank, expanding its services to existing and new consumers of Paytm.

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– Share Price Surge: The positive quarterly results boosted investor confidence, driving the share price to an intraday high of ₹28.55, nearing its existing 52-week high.

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