Yes Bank Q1 consolidated net profit slumps over 92% to Rs 96 crore

Private sector Yes Bank Wednesday reported a slump of over 92.4 per cent in its consolidated net profit to Rs 95.56 crore in the first quarter ended June this fiscal.

The bank had reported a net profit of Rs 1,265.67 crore in the April-June quarter of the previous fiscal ended March 2018.

Sequentially, the private sector lender had posted first ever loss of Rs 1,508.44 crore in the quarter ended March, 2019 due to mounting bad loans.

Total income (consolidated) increased to Rs 9,105.79 crore in three months to June of 2019-20, up from Rs 8,301.06 crore in the same