YES Bank Q2 net profit dips 3.8% to Rs 9.64 billion as provisions double

Net interest income rose 28% to Rs 24.17 bn from Rs 18.85 billion a year ago; Other income up 18% to Rs 14.73 bn

Private lender Yes Bank posted posted a fall of 3.8 per cent in net profit for the September quarter, as provisions grew more than double over the year-ago quarter.

MD & CEO Rana Kapoor, whose term was cut short by the Reserve Bank of India to end January, gave the bank’s press conference a miss, despite being scheduled to address it.

There has been no further progress of succession planning by the bank, said Yes Bank’s Senior Group President-Financial Markets, Rajat Monga. He added that it will take weeks for the advisory firm to submit candidates for Kapoor’s successor to