Yes Bank showed dismal performance PAT declined by 24% qoq (4% yoy) to 9.6 bn largely led by higher credit cost. Gross slippages escalated sharply for the quarter at 16.3 bn ( 5.6 bn qoq) led by one large corporate account defaulting amounting to 6.3 bn (most likely it expects upgrade in this account in Q3). Bank has exposure to IL&FS; amounting to 26.2 bn which is currently recognized as standard account in the books of the banks (lent to SPV and no holdco exposure). Investment provisions were also high due to a) 2.5 bn provided for corporate bonds b) 0.9 bn amortised MTM...