Investors lose sight of rising losses, yes, bank stock prices are stuck in a higher chain.


yes bank


Publish on - 08/5/2020
Net NPA in the March quarter was 5.03% compared with 5.97% in the December quarter and 1.86% in the same period last year.
Yes, the bank's stock price hit the top 10% at the start of trading on May 7, although it published weak data for the March quarter a day earlier.
The Bank reported a net loss of 3668 crore rupees in the quarter ended in March 2020 due to higher reserves or money allocated to cover risky loans.
If this amount were adjusted for profit after taxes (PAT), the bank would have made a profit of 2628 crore rupees.
Gross non-performing assets (GNI) or bad loans amounted to 16.8 percent, compared with 3.22 percent a year ago.
Gross NPA increased from 18.87 percent in December compared with the previous quarter.
Net NPAs were 5.03% compared with 5.97% in December and 1.86% the previous year.
Bank deposits decreased to 1.05 crore rupees, which is 54 percent less compared to 2.27 crore rupees the previous year, while advances decreased by 29 percent compared to the same
period last year to 1.7 crore rupees 2, 4 varnish crore.
There were pending applications for the purchase of 49,347 shares without sellers.
At 0934, Yes, the Bank registered 28.95 rupees, an increase of 2.60 rupees, or 9.87 percent on the BSE.