A-
A
A+
Last Updated :
Jan 18 2021 10:10AM
Screen Reader Access
Select Language
English
Hindi
Gujarati
Marathi
Urdu
Tamil
Dogri
Assamese
Home
National
International
State
Business
Sports
Regional
Audio
Text
NSD
Audio
Text
Special Campaign
Archives
Main Audio Archive
News in Regional Languages
Text Archive Search
Main Text Bulletins Archive
Talks and Current Affairs
Podcasts
News Highlights
PM Modi to lay foundation stone of Ahmedabad Metro Rail Phase 2 and Surat Metro Rail Project today
          
More than 2 lakh 24 thousand people vaccinated for Covid-19 across country during past two days
          
Global leaders hail India for launching world's largest vaccination drive
          
Full Election Commission to arrive in Guwahati today to review poll preparations in Assam
          
Britain invites PM Modi to attend G7 Summit to be held in June this year
          
Business News
Home
Business News
Details
Mar 15, 2020
,
8:58AM
Yes Bank reports Rs 18,564 crore loss for Q4, 2019
Representational Pic
YES Bank has reported a staggering Rs 18,654-crore loss for the December quarter due to higher recognition of dead assets on the books, and an erosion of capital buffers to the brink.
The gross non-performing assets shot-up to Rs 40,709 crore or 18.87 percent of assets as of December 31, 2019, up from the preceding September quarter's Rs 17,134 crore or 7.39 percent, which forced the bank to set aside Rs 24,765 crore as provisions for the expected reverses and eroded the bottom-line.
The bank's board was superseded by the government on March 5, and the RBI had appointed former chief financial officer of SBI, Prashant Kumar, as the administrator.
An inability to raise capital was cited as the primary reason for the actions, which also included it being put under a moratorium and a slew of restrictions, including capping of withdrawals at Rs 50,000 per account for a month.
The bank disclosed that there had been an over Rs 44,000-crore dip in its deposits between September and December to Rs 1,65,000 crore, while there has been a sharp decline in interest earned, suggesting a dip in advances due to the lack of capital.
Related News
Live Twitter Feed
Tweets by airnewsalerts
Listen News
English
Morning News 18 (Jan)
Midday News 17 (Jan)
Evening News 17 (Jan)
Hourly 18 (Jan) (0610hrs)
हिन्दी
समाचार प्रभात 18 (Jan)
दोपहर समाचार 17 (Jan)
समाचार संध्या 17 (Jan)
प्रति घंटा समाचार 18 (Jan) (0600hrs)
ارد و
Khabarnama (Mor) 18 (Jan)
Khabrein(Day) 17 (Jan)
Khabrein(Eve) 17 (Jan)
News Magazine (Hindi/English)
Aaj Savere 18 (Jan)
Parikrama 17 (Jan)
Read News
English
MORNING NEWS
MIDDAY NEWS
EVENING NEWS
हिन्दी
समाचार प्रभात
दोपहर समाचार
समाचार संध्या
News Magazine (Hindi/English)
Aaj Savere
Parikrama
World News
World News
Listen Programs
Daily Broadcast
Market Mantra 17 (Jan)
Samayki 1 (Jan)
Sports Scan 17 (Jan)
Spotlight/News Analysis 17 (Jan)
Employment News 17 (Jan)
रोजगार समाचार 17 (Jan)
World News 17 (Jan)
Samachar Darshan 22 (Mar)
Radio Newsreel 21 (Mar)
Weekly Broadcast
Public Speak
Country wide 12 (Mar)
Surkhiyon Mein 17 (Jan)
Charcha Ka Vishai Ha 11 (Mar)
Vaad-Samvaad 17 (Mar)
Money Talk 17 (Mar)
Current Affairs 6 (Mar)
Sanskrit Saptahiki 16 (Jan)
North East Diary 17 (Jan)
Special Programs
Special Programs