YES Bank net profit up 34% at Rs 290 crore for the quarter ended in June 2012, Latest Stock price

Private sector lender YES Bank 's first quarter (April-June) net profit grew forecast beating 34% year-on-year to Rs 290 crore, aided by a whopping rise in the other income that upped 74% to Rs 288 crore during the three-month period. Net interest income or the difference between interest earned and paid out, increased more than 33% y-o-y to Rs 472 crore.
The bank's loan book expanded a little above 16% to nearly Rs 38,500 crore. Moreover, loans including credit substitute grew just double by 32% to Rs 49,400 crore. Net interest margin (NIM) remained unchanged at 2.8% in Q1, FY13.

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