YES Bank net profit declined by 80.7 per cent year-on-year (YoY) to Rs 52 crore during the quarter ended December (Q3 of FY23) on increase in provisions for ageing bad loans.
The Mumbai-based private sector lender had posted a net profit of Rs 266 crore in Q3 of FY22. Net profit was lower in Q3FY23 compared to Q2FY23 when the figure stood at Rs 153 crore.
The bank’s stock had closed 1.74 per cent closer at Rs 19.8 per share on the BSE on Friday.
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