A- A A+
Last Updated : Jan 18 2021 10:10AM     Screen Reader Access
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

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The bank's board was superseded by the government on March 5, and the RBI had appointed former chief financial officer of SBI, Prashant Kumar, as the administrator.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

Listen News

Morning News 18 (Jan) Midday News 17 (Jan) Evening News 17 (Jan) Hourly 18 (Jan) (0610hrs)
समाचार प्रभात 18 (Jan) दोपहर समाचार 17 (Jan) समाचार संध्या 17 (Jan) प्रति घंटा समाचार 18 (Jan) (0600hrs)
Khabarnama (Mor) 18 (Jan) Khabrein(Day) 17 (Jan) Khabrein(Eve) 17 (Jan)
Aaj Savere 18 (Jan) Parikrama 17 (Jan)

Listen Programs

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)
    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)