Yes Bank Shares Rally 20% Despite On Q4 Net Profit Of Rs. 2628 crore

Shares of Yes Bank in early trade were locked in 20% upper circuit as the lender through, the write off of AT 1 bonds posted a profit of Rs. 2628 crore.

Nonetheless if this is not accounted for, the bank from its operations and higher provision posted a loss of Rs. 3668 crore.

Gross NPAs at the bank ease from the previous quarter from18.87% to 1.87% in the quarter ended March. In a year ago period, the gross NPA at bank came in at just 3.22%.
Net NPAs at the bank for the period under review stood at 5.03% versus 1.86% in the year ago period.

Provisions also were higher at Rs. 4872 crore.

During the period after the bank was placed on moratorium on March 5, both the advances and deposits show a declining trend with deposits felling by 53.7% to Rs. 105364 crore, while advances also posted a decline of 29% to Rs. 171443 crore.

Last the stock of Yes Bank was quoting higher by 8.73% or Rs. 2.3 at Rs. 28.65 per share.

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