TOTAL ADVANCES UP 12% TO ₹2.03 TRN
Private sector lender Yes Bank on Saturday reported a 45% year-on-year fall in its net profit for the quarter ended March at Rs 202 crore, as the lender created accelerated provisions for loans and security receipts (SR).
The bottom line was lower than Bloomberg estimate of Rs 258 crore but on a sequential basis, it was up over three-folds from Rs 52 crore in Q3FY23.
Yes Bank’s total advances grew 12% on-year to Rs 2.03 trillion as on March 31. Retail loans accounted for 45% of the bank’s total advances, corporate loans formed 27% and mid-corporates and small and medium enterprises (SME) loans accounted for 14% each.
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