Yes Bank Q1 profit surges 34% on strong loan growth

YES Bank, a widely-track stock with 59,17,870 retail investors as of June 30, has a consensus target of Rs 20.90 against its prevailing price of Rs 23.04, suggesting 9.3 per cent potential downside.

Yes Bank has reported a remarkable thirty-four percent surge in net profit for the first quarter, driven by robust loan growth and enhancing net interest margins. The bank's loan portfolio expanded by eighteen percent, especially within corporate advances, while commercial…