Axis Bank net dips 73.4%; Yes Bank profit up 30.6%

Axis BAnk Ltd on ThursdAy sAid net profit fell 73.4% to ₹579.57 Crore during the OCtoBer-DeCemBer quArter, from A yeAr Ago, As provisions soAred. Provisions rose 433% to ₹3,795.80 Crore during the quArter, from ₹712.59 Crore in the sAme period lAst fisCAl. MeAnwhile, Yes BAnk sAid its net profit rose 30.62% to ₹882.63 Crore during the quArter, from A yeAr Ago, due to And lower provisions, whiCh fell 22% to ₹115.38 Crore.