Annual Report 2005-2006 of Yes Bank

It is a broadly described annual report of Yes Bank in the year of 2005-2006. During the financial year, The Bank’s total assets as at 31^st March 2006 increasing 226% to Rs. 41,626 million from Rs. 12,782 million as at 31^st March 2005. The Bank’s deposits increased by 339% to Rs. 29,104 million as at 31^st March 2006 and comprised of Rs. 3,009 million of demand deposits, Rs. 108 million of savings deposits and Rs. 25,987 million of term deposits and Certificates of Deposit. The Bank’s net revenues (net interest income and other income) increased to Rs. 1,852 million during the financial year 2005-06 from Rs. 363 million during the period from 21^st November 2003 to 31^st March 2005. Operating profit before tax increased to Rs. 991 million for the financial year ended 31^st March 2006 as compared to operating loss Rs. (36) million for the period ended 31^st March 2005. Net Profit after tax increased to Rs. 553 million for the financial year 2005-06 as against net loss of Rs. (38) million for the period ended 31^st March 2005.

The Board of Directors of the bank has do not recommend any dividend for the financial year ended 31^st March 2006.

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