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Yes Bank Q2 result: Higher provisions lead to Rs 600 cr loss; sharp increase in NPAs

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  • Yes Bank Q2 result: Higher provisions lead to Rs 600 cr loss; sharp increase in NPAs
    2019-11-01, By: System Administrator

    Net interest income during the quarter declined 9.6 percent year-on-year to Rs 2,185.91 crore with 6 percent YoY loan degrowth.

    Private sector lenderYes Bankposted a loss of Rs 600.08 crore during July-September period, dented by higher provisions with a sharp increase in non-performing assets.

    The bank had reported a profit of Rs 964.70 crore in the year-ago period and Rs 113.76 crore in the June-ended quarter.

    Net interest income during the quarter declined 9.6 percent year-on-year to Rs 2,185.91 crore with 6 percent YoY loan degrowth.

    Asset quality deteriorated further with gross non-performing assets (NPA) as a percentage of gross advances 238bps sequentially to 7.39 percent while net NPA as a percentage of net advances increased 144 bps QoQ to 4.35 percent in the quarter ended September 2019.

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