On Tuesday, Yes Bank, a notable player in the private banking sector, announced a significant upcoming event. The bank’s Board of Directors is set to convene on April 19, 2025, in Mumbai to evaluate and release the financial outcomes for the quarter concluding on March 31, 2025. This meeting aims to approve both the Audited Standalone and Consolidated Financial Results, marking a critical moment for the bank and its stakeholders.
Key Details of the Upcoming Board Meeting
- Date: April 19, 2025
- Location: Mumbai
- Purpose: Review and approve financial results for Q4 and the fiscal year ending March 31, 2025
In a recent stock trading session, Yes Bank’s share price experienced a boost of over 1.5%, reaching ₹17.20 per share, coinciding with the announcement of the board meeting. However, it’s essential to note that the stock has seen a decline of more than 21% over the past six months on the NSE.
Trading Window Closure
Yes Bank also communicated that the trading window for its securities will be closed for designated individuals, including their immediate family members, until two days after the financial results are disclosed. This precautionary measure aims to prevent any insider trading and ensure compliance with regulatory standards.
Recent Financial Performance Highlights
In its previous financial update, released on January 25, Yes Bank reported impressive growth for the third quarter ending in December 2024. Here are some noteworthy figures:
- Profit After Tax (PAT): ₹612.27 crore, reflecting a substantial 164.5% increase year-on-year
- Net Interest Income (NII): Grew by 10.2%, totaling ₹2,224 crore
- Net Interest Margins (NIM): Steady at 2.4% on both a year-on-year and quarter-on-quarter basis
- Interest Earnings: Increased to ₹7,829.13 crore, a 12% rise compared to the previous year
- Interest Expenses: Rose to ₹5,605.62 crore, a 12.8% increase from ₹4,967.96 crore in the same quarter of the previous year
These figures reflect Yes Bank’s ongoing recovery and commitment to strengthening its financial position. Investors and analysts will be keenly watching the outcomes of the upcoming board meeting, as they could signal the bank’s trajectory moving forward.
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