YES Bank’s net profit rises 10.3% in Q1, NII grows 8.1% to Rs 2,000 cr

YES Bank reported a smaller-than-expected increase in quarterly net profit on Saturday as it kept aside more money for bad loans, denting the impact of higher net interest income.

The private lender’s standalone net profit rose 10.3 per cent for the April-June quarter from the same period last year to Rs 343 crore ($5.25 million), missing analysts’ average forecast of Rs 380 crore, according to Refinitiv data.

Yes Bank’s provisions…