Yes Bank is expecting to sell about 500 kilogram of gold products in 2012-13 fiscal. In this regard, the private sector bank has introduced combi-bar of 50 gram gold which can be broken into one-one gram unit and can be used for gifting.
The bank had launched the bullion business in April, 2012. Its gold products are available in 5, 10, 20 and 50 gram denominations. The bank posted a rise of 30.24% in its net profit at Rs 306.08 crore for the quarter ended September 30, 2012 as compared to Rs 235.02 crore for the same quarter in the previous year. Total income increased by 36.94% at Rs 2263.13 crore for quarter under review as compared to Rs 1652.70 crore for the quarter ended September 30, 2011.
