India's Yes Bank on Saturday reported a near 45% drop in net profit year-on-year for the January-March quarter as provisions for bad loans increased.
A watchman steps out of a Yes Bank branch in Mumbai, India, September 21, 2018. REUTERS/Francis Mascarenhason Saturday reported a near 45% drop in net profit year-on-year for the January-March quarter as provisions for bad loans increased.
Net profit fell to 2.02 billion Indian rupees for the reporting quarter from 3.67 billion rupees in the same period a year earlier. Analysts had expected profit to drop to 2.88 billion rupees, according to Refinitiv data.
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