YES Bank on Tuesday reported a 60.05 per cent year-on-year (YoY) fall in net profit at Rs 45.44 crore for the quarter ended June 30. The lender had posted a net profit of Rs 113.76 crore in the corresponding quarter last year. The total provisions for Q1FY21 stood at Rs 1,087 crore, consisting of Rs 642 crore of Covid-related provisioning. The lender had made provisions of Rs 1,784.1 crore in the same quarter last year.
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