Life Insurance Corporation (LIC) has reportedly increased its stake in Yes Bank to 7.38%. As on June 30, 2013, the insurance behemoth held 4.68% stake in the bank. The promoters' holding in the bank stood at 25.64% while institutions and non-institutions held 61.71% and 12.64% respectively.
The bank reported a rise of 38.15% in its net profit at Rs 400.84 crore for the first quarter, as compared to Rs 290.14 crore for the same quarter in the previous year. Total income from operation of the bank increased by 30.61% to Rs 2839.97 crore for the quarter under review as compared to Rs 2174.44 crore for the quarter ended June 30, 2012.
The bank reported a rise of 38.15% in its net profit at Rs 400.84 crore for the first quarter, as compared to Rs 290.14 crore for the same quarter in the previous year. Total income from operation of the bank increased by 30.61% to Rs 2839.97 crore for the quarter under review as compared to Rs 2174.44 crore for the quarter ended June 30, 2012.
No comments:
Post a Comment