Yes Bank’s Q1 net profit clock in 38% growth

Private sector lender Yes Bank has reported results for the quarter ended June 30, 2011

The bank’s net profit for the quarter has registered growth of 38.18% at Rs 216.08 crore as compared to Rs 156.37 crore for the June quarter of the year 2010. Its total income has increased by 77.21% at Rs 1564.83 crore for the quarter under review from Rs 883.03 crore for the corresponding quarter of the previous year. Meanwhile, the bank’s net interest Income is up by 38.2% at Rs 354.2 crore for the quarter as compared to Rs 262.1 crore in Q1FY11.