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Yes Bank marks a loss of Rs. 600 Crore in September quarter
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Yes Bank marks a loss of Rs. 600 Crore in September quarter

Agency News

Yes Bank reported a net loss of Rs. 600 crore for the second quarter of current financial year.

The private sector lender had reported a net profit of Rs. 965 crore for the corresponding period of financial year 2018-19. Yes Bank said its net interest income fell 9.6 per cent to Rs. 2,186 crore in the July-September period, from Rs. 2,418 crore in the year-ago period.

Yes Bank's asset quality in the July-September period worsened, with gross non-performing assets (NPA) as a percentage of total advances rising to 7.39 per cent in Q2 from 5.01 per cent in the previous quarter. Gross NPAs stood at Rs. 17,134 crore and net NPAs were 9,757 crore in the September quarter.

Retail banking loans grew 30 per cent year-on-year and was 20 per cent of the total loan book, Yes Bank said in earning release.