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MUMBAI: YES Bank today reported a net loss of Rs 3,787.75 crore for the quarter ended March as against a net loss of Rs 3,668.3 crore in the year-ago quarter due to a rise in provisions.
The lender’s provisions in the quarter rose 7.5 per cent on-year to Rs 5,240 crore. On a sequential basis, provisions shot up 138 per cent.
Net interest income of the bank slumped 22.5 per cent on-year to Rs 987 crore, while non-interest income surged 37 per cent to Rs 816 crore.
The lender’s asset quality in the quarter took a hit as its gross non-performing assets ratio rose to 15.4 per cent from 15.36 per cent in the previous quarter.
YES bank’s net NPA ratio climbed to 5.88 per cent from 4.04 per cent in the previous quarter largely due to the end of the Supreme Court’s standstill on recognition of bad loans till August 31.
The lender’s deposits grew 54.7 per cent on-year to Rs 1.62 lakh crore in the reported quarter suggesting that the bank is slowly turning around its image. At the same time, credit demand remained muted as loans fell 2.7 per cent on-year to Rs. 1.66 lakh crore.
Shares of the bank ended 0.7 per cent higher at Rs. 14.6 on the National Stock Exchange.
The lender’s provisions in the quarter rose 7.5 per cent on-year to Rs 5,240 crore. On a sequential basis, provisions shot up 138 per cent.
Net interest income of the bank slumped 22.5 per cent on-year to Rs 987 crore, while non-interest income surged 37 per cent to Rs 816 crore.
The lender’s asset quality in the quarter took a hit as its gross non-performing assets ratio rose to 15.4 per cent from 15.36 per cent in the previous quarter.
YES bank’s net NPA ratio climbed to 5.88 per cent from 4.04 per cent in the previous quarter largely due to the end of the Supreme Court’s standstill on recognition of bad loans till August 31.
The lender’s deposits grew 54.7 per cent on-year to Rs 1.62 lakh crore in the reported quarter suggesting that the bank is slowly turning around its image. At the same time, credit demand remained muted as loans fell 2.7 per cent on-year to Rs. 1.66 lakh crore.
Shares of the bank ended 0.7 per cent higher at Rs. 14.6 on the National Stock Exchange.
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5 Comments on this Story
 | Vinod Chawla11 hours ago Shareholders of Yes Bank will get 1 share of SBI for 30-35 shares of Yes Bank... |
| Vinod Chawla11 hours ago Sooner than later, it will get merged with SBI |
 | Amit Sapra15 hours ago Where does the Stock Go from here? |