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Home NEWS Yes Bank Reports Rs 18,564 Crore Loss For December Quarter

Yes Bank Reports Rs 18,564 Crore Loss For December Quarter




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Yes Bank has a lack of Rs 18,564 crore for the December quarter.

Mumbai:

Crisis-hit Yes Bank reported on Saturday a lack of Rs 18,564 crore for the December quarter.

The financial institution, which was put underneath moratorium by the federal government final week, had reported a web revenue of Rs 1,000 crore within the year-ago interval and a lack of Rs 629 crore within the previous September quarter.

The share of the gross non performing belongings within the general loans rose to 18.87 per cent as towards 7.39 per cent within the previous quarter, whereas the capital buffers additionally plummeted.

The general provisions of Rs 24,765 crore damage the profitability probably the most as the identical quantity had stood at Rs 1,336 crore within the quarter-ago interval.

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The capital adequacy ratio has fallen to 4.2 per cent, which is almost a fourth of the 16.three per cent it had reported on the finish of the September quarter, and far beneath regulatory necessities.

An incapability to lift capital had resulted within the financial institution being put underneath moratorium final Thursday, which is ready to be lifted subsequent week.

The RBI has appointed Prashant Kumar because the administrator, underneath whose supervision the outcomes have been declared.

Mr Kumar is ready to be the chief government and managing director of the financial institution underneath the reconstruction plan authorized by the Union cupboard on Friday.

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