Gross bad loans
jumped to 7.39 per cent of the gross advances as on September 30, 2019, from 1.60 per cent a year ago. Net NPAs
or bad loans
too rose to 4.35 per cent as against 0.84 per cent.
Provisions for bad loans and contingencies rose to Rs 1,336.25 crore as against Rs 942.53 crore earlier, the bank said.
On a standalone basis, there was a net loss of Rs 600.08 crore during the quarter. The bank had posted a net profit of Rs 964.70 crore in the second quarter of the previous fiscal.
Stock of Yes Bank
closed at Rs 66.6, down 5.46 per cent on BSE on Friday.