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YES Bank net falls 91% in Q1

DNMUM439451 | 7/18/2019 | Author : DNA Money Correspondent | WC :383



Mumbai: Private sector lender YES Bank on Wednesday reported a 90.97% year-on-year drop in its net profit for the April-June quarter at Rs 113.76 crore on account of lower income and higher provisioning.
Sequentially, the company reported a net loss of Rs 1,506.64 crore in the March quarter.
Other income, which includes fees and commission earned from guarantees or letters of credit, loans, financial advisory fees, declined to Rs 1,272.66 crore in April-June quarter as against Rs 1,694.14 crore in the corresponding period last fiscal, whereas the bank’s provisions during the quarter increased to Rs 1,784.11 crore as against Rs 625.65 crore. However, in the March quarter, the company kept aside Rs 3,661.70 crore in provisions. The d
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