Yes Bank reported a bad set of quarterly numbers, which saw its share prices fall by almost 3 per cent in early trade.
The shares of the bank were last seen trading at Rs 1555, down 3.1 per cent over the previous close. Gross non-performing assets (NPAs) of the bank worsened to 1.52 per cent at the end of fourth quarter compared with 0.76 per cent in the year ago quarter.
Net NPAs too rose at 0.81 per cent, which was higher when compared with Q4FY16's 0.29 per cent.
Most banks are set to report a dismal set of numbers, with provisions rising on the back of poor performance from some major accounts like Jaiprakash Industries. IndusInd Bank too did not have the best of quarters. It would be interesting to see the results of major public sector banks.
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