Retail slippages were also high at Rs 890 crore. This was mainly on account of corporates (Rs 750 crore), including Future Retail and few real estate corporates. YES Bank’s provisions for bad loans declined 65 per cent year-on-year to Rs 377 crore but at the same time the restructured pool has expanded to Rs 6,100 crore, accounting for 3.6 per cent of loans compared with 3 per cent in June quarter.įresh slippages remained high at Rs 1,700 crore, 4.3 per cent of loans. What boosted the bottom line was a sharp decline in provisions. The private lender reported a 74.3 per cent YoY growth in net profit to Rs 225 crore for the quarter ended September quarter, even as its net interest income (NII) fell 23.4 per cent YoY to Rs 1,512 crore. Analysts corroborated the view of former SBI chairman Rajnish Kumar, who recently said that the bank may take two more years to stabilise.
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