Yes Bank web revenue falls 60% to Rs45 cr in Q1

New Delhi, July 28

Yes Bank on Tuesday reported 60% fall in its standalone web revenue to Rs 45.44 crore for the primary quarter ended June 30.

The non-public sector lender had posted a web revenue of Rs 113.76 crore in the identical quarter earlier fiscal.

Total earnings (standalone) for the April-June quarter of 2020-21 fell by 32.8% to Rs 6,106.74 crore, from Rs 9,088.80 crore in identical interval of 2019-20, Yes Bank stated in a regulatory submitting.

Interest earnings was down at Rs 5,486.08 crore for the quarter, in comparison with Rs 7,816.14 crore a yr in the past. The financial institution’s provisions for dangerous loans and contingencies for the quarter fell to Rs 1,086.61 crore from Rs 1,784.11 crore within the year-ago interval.

On a consolidated foundation, the financial institution’s web revenue in June quarter fell to Rs 34.05 crore from Rs 95.56 crore a yr in the past. — PTI

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