Thursday, 26 July 2018

Yes Bank stock slips 4% to land among top Nifty losers

Shares of Yes Bank slipped 4% on the NSE to land among the top Nifty losers for the day despite the lender posting a 30.5% yoy rise in profit at Rs1,260.36cr for the quarter ended June 2018. The bank had posted a net profit of Rs965.52cr in the corresponding quarter last year. Yes Bank's NII has increased 22.67% yoy to Rs2219.14cr in Q1FY19 over Rs1,808.93cr in Q1FY18. Gross non-performing assets (GNPA) stood at 1.31% in Q1FY19 over 1.28% in Q4FY18, whereas net NPA (NNPA) eased to 0.59% from 0.64% during the same period.

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