Yes Bank Q2 Profit Rises 65% to 10.80 Billion Rupees
The reported second-quarter profit excludes the impact of a Supreme Court ruling setting aside the bank’s 2020 write-off of 84 billion rupees; the bank said a further appeal weighed on the decision not to book the impact.
Yes Bank (NSE:YESBANK) reported a 65% increase in second-quarter profit to 10.80 billion Indian rupees ($114 million) on Saturday. The bank said the result does not reflect the impact of a Supreme Court ruling this week that set aside its 2020 write-off of 84 billion rupees ($884 million…