India’s Yes Bank on Saturday reported a nearly 45% year on year drop in net profit for the January March quarter as bad loan provisions rose.
Net profit for the quarter fell to 2.02 billion Indian rupees ($24.63 million) from 3.67 billion rupees in the same period a year earlier. Analysts had expected a drop in profit to 2.88 billion rupees, according to Refinitiv data.
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