💠💠Yes Bank Ltd on Wednesday reported a 91% drop in fiscal-first quarter profit on account of higher provisioning and lower other income. The management said the bank is looking to raise capital in the ongoing quarter.
The private sector lender posted a net profit of ₹113.76 crore for the quarter ended 30 June from ₹1,260.36 crore a year ago. Profit was lower than the ₹148 crore estimated by a Bloomberg survey of 13 analysts. The bank reported a loss of ₹1,507 crore in the preceding March quarter.
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