Yes Bank books loss of Rs 1,506 cr in Q4

Private sector lender Yes Bank Friday reported a loss of Rs 1,506.64 crore for the fourth quarter ended March 2019 owing to rise in provisioning for bad loans. The bank had recorded a net profit of Rs 1,179.44 crore on a standalone basis during January-March period of 2017-18

However, total income rose to Rs 8,388.38 crore as against Rs 7,163.95 crore in the same quarter of the previous fiscal, the bank said in a regulatory filing. Interest income increased to Rs 7,856.54 crore as compared to Rs 5,742.98 crore earlier.

On the asset quality front, gross non-performing assets (NPAs) of the bank doubled to 3.22 per cent of the gross advances as on March 31, 2019, from 1.28 per cent at the end of 2017-18.