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Yes Bank Q3 net nearly doubles

es Bank has posted a net profit of Rs 105.7 crore for the quarter ended December 31, 2008, as compared to Rs 54.2 crore for the quarter ended December 31, 2007, up by nearly 95 per cent.

The total income for the reporting quarter has increased to Rs 726.15 crore from Rs 443.18.

The bank's net interest income has surged from Rs 91.2 crore at the end of the third quarter of FY08 to Rs 120.4 crore at the end of the third quarter of FY09 driven by growth in advances of 27.2 per cent and sustained net interest margin of 2.8 per cent.
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