(20 second reading) Yes Bank reported over two-fold jump in standalone net profit at Rs 452 crore(Rs 202.43 crore.) for March quarter 2023-24, primarily due to benefits on the provision front.
The private sector lender benefitted from write-back on income tax and interest on income tax returns, but the profits were limited by its inability to comply with the mandatory priority sector lending (PSL) requirements, its management said.

For fiscal 2023-24, it reported 74 per cent growth in net profit at Rs 1,251 crore.