Yes Bank, one of the leading private sector bank, today reported a 29.02% jump in net profit at Rs 11.79 billion for the third quarter ended March 31, 2018 from Rs 9.14 billion in the same period last year.

Interest earned of the bank increased 32.05% to Rs 57.42 billion during the quarter from Rs 43.48 billion in the corresponding period last year.

Net Interest Income grew by 31.4% y-o-y (Rs 21.54 billion) for Q4FY18, and 33.5% y-o-y (Rs 77.37 billion) in FY18.

NIMs stand healthy at 3.4% for Q4FY18 and 3.5% for FY18 (up from 3.4% in FY17).

Non-Interest Income grew by 13.0% y-o-y (Rs 14.21 billion) for Q4FY18, and 25.7% y-o-y (Rs 52.23 billion) in FY18.

Rana Kapoor, Managing Director & CEO, YES BANK said, ''FY18 has been a landmark year in YES Bank's 'Large Bank Growth Phase' with the Bank crossing significant milestones in size, outreach & granularity while continuing to deliver on satisfactory earnings. Well segmented and granular growth across Corporate, MSME and Retail businesses has resulted in Advances crossing Rs 2 Lakh Crores, clearly demonstrating breadth of product offerings, and depth of relationships, across segments and sectors. Further Bank's IBU (GIFT City) business continues to expand, with total assets crossing USD 2.5 billion within 3 years of operations. YES Bank also successfully completed its maiden MTN issuance of US$ 600 Mn in the past quarter to support diversified funding for this growth.

Ás we step into the 4th year (FY18-19) of this current 5 year Large Bank Growth Phase (upto March 31, 2020), we remain well positioned to deliver on growth & earnings while preserving asset quality, and continuing to invest in Digital and technology initiatives towards making YES BANK a cutting edge Digital home country Indian Bank.''

Shares of the bank gained Rs 27.75, or 8.53%, to trade at Rs 352.95. The total volume of shares traded was 3,403,314 at the BSE (3.13 p.m., Thursday).