ALSO READIDBI Bank Q4 net loss widens to Rs 3,200 cr as bad loans surge Bank of India swings from loss to profit in Q1, bad loans fall BoI may sell stake in subsidiaries to raise capital to deal with bad loans Rally sparked by bad bank news unlikely to carry on YES Bank Q1 net up 32% at Rs 966 cr as gross bad loan ratio falls
Net profit fell to Rs 117 crore ($18.27 million), for the three months ended June 30, from Rs 166 crore a year ago, the Mumbai-based bank said on Thursday.
Analysts on an average had expected the bank to report a net profit of Rs 195 crore, according to Thomson Reuters data.
As of end-June, gross bad loans as a percentage of total loans rose to 12.63% from 11.17% at the end of March, and 10.16% at end-June 2016.
($1 = Rs 64.0400)