MoneyWorks4Me

Yes Bank partners with Hike to power its payments platform: Report

20 Jun 2017 Evaluate

Yes Bank, India’s fourth largest private sector Bank, has reportedly partnered with Hike to power Unified Payments Interface (UPI) based payment solutions. This partnership will instantly provide UPI access to over 100 million Hike users and provide a significant fillip to India's digital payments ecosystem.

Yes Bank has posted a rise of 30.20% in its net profit at Rs 914.12 crore for the quarter ended March 31, 2017 as compared to Rs 702.11 crore for the same quarter in the previous year. Total income of the Bank increased by 29.44% at Rs 5606.38 crore for quarter under review as compared to Rs 4331.11 crore for the quarter ended March 31, 2016.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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