Yes Bank, an Indian private lender, reported a more than fourfold increase in its third-quarter net profit, reaching INR 231 crore ($27.8 million). The surge was attributed to reduced loan-loss provisions and robust loan growth. However, the figure fell short of analysts’ expectations, averaging INR 343 crore. The net interest income rose 2.33% to INR 2,017 crore, while the net interest margin declined to 2.4%. Yes Bank’s net advances grew by 11.8% to INR 2.18 trillion, led by retail loans, and the gross non-performing asset ratio remained at 2% at the end of December.