YES Bank’s net profit and NII figures were above Street estimates. During the quarter, the bank’s interest income rose 2.3% YoY to Rs 7,616 crore while net NPA (non-performing asset) came at 0.3% against 0.5% quarter-on-quarter.
In May, despite reduced equity mutual fund inflows due to profit booking, fund managers adjusted portfolios, favoring large-cap companies. They capitalized on corrections in the
Israel and Iran have escalated their conflict with renewed attacks, prompting concerns about wider economic repercussions. Prime Minister Netanyahu vowed to intensify Israeli strikes, while
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