Yes Bank Q2 Results Live Updates: Market expects rise in net income, profit on YoY basis
Yes Bank Q2 Results Live Updates: Private lender Yes Bank is all set toannounce the results for the September quarter of FY 2023-24 on Saturday, October 21. Analysts expect that the bank's net profit will increase, while the net-interest income (NIIs) may decline in the September quarter.Stay tuned to our Yes Bank Q2 results live blog for the latest updates on Q2FY24 earnings from the leading private-sector lender in the country.Due to lower base in corresponding period in the previous financial year 2022-23, Yes Bank is expected to report rise in YoY net income.
So, market would be keen to know net profit of Yes Bank on sequential basis.Yes Bannk is expected to report improved margins if the private lender decides to lower provisionings. The private lender is also expected to report rise in net income on YoY basis due to lower base in corresponding period in the previous financial.
However, Yes Bank may report flattish net interest income as high interest regime has peaked out in Indian banking system.Yes Bannk is expected to report improved margins due to lowering of provisionings. Net income of the bank is also expected to improve in July to September quarter if the private lender decides to lower its provisionings.
However, Yes Bank is expected to report flattish growth in net interest income as high interest regime has peaked out in Indian banking system. Download the App to get 14 days of unlimited access to Mint Premium absolutely free!
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