Yes Bank Q4 net drops 45% to Rs 202 crore

Private sector lender Yes Bank on Saturday posted a 45 per cent decline in its March quarter net at Rs 202 crore.For the entire fiscal FY23, the bank witnessed a 32.7 per cent decline in its net profit at Rs 717 crore, it said in a regulatory filing.Profits for both the March quarter and the fiscal year have been impacted by accelerated provisioning, the bank said.