Yes Bank to Focus on SMEs

With most of the banks turning their focus to the small and medium enterprise segment, Yes bank has also joined the bandwagon. The private sector lender on Wednesday reported a 75.6% growth in net profit at Rs 111.7 crore during the quarter ended September 30, 2009. The bank had a net profit of Rs 63.6 crore in the corresponding period last year.

The total income of the bank rose to Rs 678.5 crore during the quarter, up from Rs 569.9 crore in the corresponding period a year-ago.

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