Yes Bank bad loans spike in second-quarter on RBI action, profit up


MUMBAI (Reuters) - Yes Bank, India's fifth-biggest private lender by assets, saw its bad loans spike in the second quarter after a central bank audit, although quarterly profit rose 25 percent, helped by higher interest and fee income.The Reserve Bank of India asked the lender to account for 63.55 billion rupees ($980.

3 million) more bad loans after a risk-based supervision exercise for the last financial year to March.The action meant a 12.2 billion-rupee addition to the bank's bad loans in the three months to Sept.30, as Chief Executive Rana.....

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