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Tuesday, March 9, 2021
Home Business Yes Bank Q3 net at ₹147 cr., NPAs rise

Yes Bank Q3 net at ₹147 cr., NPAs rise

CEO says that is the third straight quarter when the financial institution reported income.

Yes Bank on Friday reported consolidated net revenue of ₹147 crore for the December quarter and a leap in asset high quality stress attributable to COVID-19.

The financial institution had posted a lack of ₹18,564 crore a yr earlier, when it recognised all of the stress within the steadiness sheet. The lender needed to be bailed out by a consortium led by SBI final March on troubles with the mortgage ebook. MD and CEO Prashant Kumar informed reporters that this was the third straight quarter the place the financial institution had proven a rise in income. If the newly created harassed pool of restructuring and standstill NPAs have been added to the reported gross NPAs of 15.36%, the harassed pool comes to twenty%, which is larger than the year-earlier figures.

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