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Yes Bank Q1 profit declines 91% to ₹114cr

Jul 17, 2019 17:06 IST

Private lender Yes Bank on Wednesday declared its first-quarter earnings in which the bank's net profit tanked 91% year on year, declining to ₹114 crore. Yes Bank had registered a net profit of ₹1,260 crore in the same corresponding quarter last year. Yes Bank's asset quality worsened as NPAs rose to 5.01% against 1.31% recorded in the same quarter last year while total provisions of the bank rose three times to ₹1,784 crore. Net interest margin also declined to 2.8% against 3.3% from a year-ago period.

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