One of the leading private sector banks in India, Yes Bank has claimed that its total loan book has more than doubled during the first quarter of this fiscal.

On Wednesday, the bank said in its filing that its net profit has gone up by 56 per cent to end at Rs. 156 crore. The balance sheet has gone up by 89 per cent to be at Rs. 4,929 crore for the period.

Total income of the bank went up by 28 per cent to end at Rs. 883 crore. This happened despite its income falling.

Post the declaration, shares of the company went up and the interest-margin remained steady at 3.1 per cent.

Net interest income of yes Bank was up by 67.1 per cent to end at Rs. 262 crore while its lending portfolio grew 107 per cent to be at Rs. 26,257 crore. Deposits were up by 97 per cent to end at Rs. 30,239 crore.

Said Rana Kapoor, CEO, Yes Bank, “Because of softening interest rate, there were some losses on SLR bond portfolio, causing fall in other income. We expect our credit growth at around 40% on an average for the full year.”