Yes Bank reports Q4 loss of ₹3,787.7 crore

Yes Bank reports Q4 resultsPremium
Yes Bank reports Q4 results
 1 min read . Updated: 30 Apr 2021, 05:40 PM IST Staff Writer

Private lender Yes Bank on Friday reported a net loss of ₹3,787.75 crore for the March quarter. The gross non-performing assets (NPAs) stood at 15.41% in Q4 as compared to 15.36% in the previous quarter. The net NPAs came at 5.88% versus 4.04% quarter-on-quarter (QoQ).

The net interest income (NII), the difference between interest earned and interest, came at ₹986.6 crore. Provisions during the quarter stood at ₹5,239.6 crore.

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The bank's deposits in Q4 grew 11% q-o-q and 55% y-o-y at ₹1,62,947 crore. During FY21, the bank demonstrated significant improvement in performance across key indicators despite severe headwinds of Covid-19 & moratorium imposed in Mar'20, Yes Bank said in the result update.

Ahead of the results, shares of Yes Bank closed 0.7% higher at ₹14.60 on the NSE on Friday.

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