YES Bank Reported Its Q2 Earnings

A 47% increase in net profit to Rs 225.21 cr.

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In the second quarter of the present financial year, October 21 recorded a 47.4% increase in net profit to Rs 225.21 crore.

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The bank's net profit for the preceding quarter of that year was Rs 152.82 crore.

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Sequentially, net profit decreases by more than 34%.

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The bank's gross non-performing asset ratio decreased during the reporting quarter, indicating an improvement in asset quality.

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As of September 30, gross non-performing assets (NPA) totaled an absolute Rs 4319.03 crore.

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On September 30, the net NPA was Rs 27419.11 crore.

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Provisions and contingencies decreased 14.1% year over year to Rs 500.38 crore in the reporting quarter.

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PCR of the bank was 56.4 percent, down from 48.4 percent in the previous quarter.

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