YES Bank Q2 Results: PAT rises 47.4% YoY to Rs 225 crore

YES Bank Q2 Results: PAT rises 47.4% YoY to Rs 225 crore

MUMBAI – YES Bank Ltd on Saturday reported a 47.4% year-on-year (YoY) growth in net profit for the quarter ended September to Rs 225 crore. Total income from operations increased by 25% on year to Rs 7,921 crore. Net interest income, the difference between interest earned and interest expended, declined 3.3% on year to Rs … Read more

A $27 billion pile of debt looms over India’s new bad bank

photo

By Upmanyu Trivedi and Rahul Satija A bad bank in India that’s expected to launch this month may help reduce one of the world’s worst bad-loan piles but market participants say it’s a long path ahead. The new institution, which is set to start operations by the end of June, is likely to handle stressed … Read more