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Yes Bank profit falls 91% to ₹113.8 crore in first quarter
short by Dharna / on Wednesday, 17 July, 2019
Yes Bank on Wednesday reported its profit fell by 91% to ₹113.8 crore in the first quarter from ₹1,260.4 crore in the year-ago period, driven by higher bad loan provisioning. The bank's gross bad loan ratio was 5.01% in the June quarter compared to 3.22% in the previous quarter. Its provisions for bad loans rose 185.2% year-on-year to ₹1,784 crore.
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