YES Bank’s provisions rose 9.3 per cent sequentially in Q2 to Rs 1,187 crore. But they were down 11.1 per cent over the same quarter of 2019. It made Covid provisions of Rs 1,038 crore in Q2, taking cumulatively provisions at Rs 1,918 crore.
Its provision coverage ratio stood at 75.7 per cent in Q2. The advances aggregating Rs 2,391 crore have not been classified as NPAs due to the Supreme Court’s interim order. And, the total overdue exposure (greater than 30 days) is Rs 6,716 crore.
The bank expects to disburse Rs 10,000 crore worth of loans to MSMEs and the retail segment in the current quarter ending December 2020, said its managing director and chief executive Prashant Kumar.
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