Wednesday 15 January 2014

Yes Bank adds 17 Branches, 36 ATMs during third quarter

Yes Bank, the country’s fourth largest private sector bank, has added 17 branches and 36 Automated Teller Machine (ATMs) during the third quarter ended December 31, 2013. The total network now stands at 517 branches and 1,158 ATMs. The employee strength stood at 8,645, an increase of 2,113 over December 31, 2012. During the quarter, the bank has received an approval from the UAE Central Bank for setting up a Representative Office in Abu Dhabi, UAE. Bank expects to operationalise this within next 6 months

Yes Bank has reported 21.41% rise in its net profit at Rs 415.60 crore for third quarter ended December 31, 2013 as compared to Rs 342.31 crore for the same quarter in the previous year. Total income of the bank has increased by 18.60% at Rs 2902.00 crore for quarter under review as compared to Rs 2446.83 crore for the quarter ended December 31, 2012.

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