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The British lender posted second-quarter earnings below expectations and increased its bad loan provisions, but raised full-year guidance for its net interest margin and return on tangible equity.—WSJ, 26 July 2023 Yes Bank agreed to sell 480 billion rupees ($5.9 billion) of a bad loan portfolio last month to JC Flowers’ ARC, a move Kumar said will help boost its profitability.—Preeti Singh, Bloomberg.com, 7 Oct. 2022
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