Yes Bank Ltd reported an 18.4% year-on-year rise in net profit for the September quarter, aided by steady interest income and stable asset quality.

The private lender, which has been focusing on improving profitability and maintaining a healthy balance sheet since its restructuring in 2020, said its net profit rose to ₹655 crore in the second quarter ended September 30. This is higher than a profit of ₹553 crore reported a year earlier.

Net interest income (NII) increased 4.6% year-on-year to ₹2,300 crore from ₹2,200 crore, the bank said in an exchange filing.

Yes Bank said its return on assets (RoA) stood at 0.6%, compared with 0.5% in the year-ago quarter, while net interest margin (NIM) remained steady at 2.5%, up 10 basis points year-on-year. Non-interest income rose 16.9% year-on-

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