Yes Bank on Saturday said it returned to full-year profitability in the fiscal ended March 2022, registering a profit of Rs 1,066 crore during the year. The private sector lender had posted a net loss of Rs 3,462 crore in the previous fiscal year ended March 2021 and a loss of Rs 22,715 crore in FY20. FY22 is the first full-year profit since FY19, Yes Bank said in a regulatory filing.
In the quarter ended March of the fiscal year 2021-22, the bank registered a net profit of Rs 367 crore.There was a net loss of Rs 3,788 crore in the same quarter of the previous fiscal year 2020-21.
Compared sequentially, the net profit in Q4 FY22 rose by 38 per cent from Rs 266 crore in the preceding quarter ended December 2021.Total income during January-March period of FY22 increased to Rs 5,829.22 crore from Rs 4,678.59 crore in the same quarter of FY21.The full-year total income, however, was down at Rs 22,285.98 crore in 2021-22 from Rs 23,053.53 crore in 2020-21.Yes Bank said it witnessed strong growth in deposits and granular advances during the year.