Yes Bank shares suffer sharp losses after Q4 results — what's worrying investors?
Yes Bank share price, Q4 results: Yes Bank shares faced selling pressure on Monday, after the private sector lender reported a weak set of Q4 earnings during the weekend.
Yes Bank shares fell on Monday after the private sector lender reported a 45 per cent fall in net profit for the January-March 2023 period. The Yes Bank stock dropped by Re 50 or 3.1 per cent to end at Rs 15.7 apiece on BSE, having slumped as much as 4.6 per cent to Rs 15.5 apiece during the session.
Yes Bank share price: What's hurting the Yes Bank stock?
On Saturday, Yes Bank reported a net profit of Rs 202.4 crore for the quarter ended March 31, 2023, as against a net profit of Rs 367.5 crore for the corresponding quarter a year ago.
Yes Bank Q4 results: What do NII, NIM and asset quality signal?
Its net interest income (NII) — or the difference between interest earned and interest paid — grew 15.7 per cent to Rs 2,105.3 crore for the three-month period on a year-on-year basis, according to a regulatory filing.
India Vs Australia LIVE Score, 3rd ODI Match Updates, IND VS AUS live Scorecard: Rohit Sharma's men eye clean sweep against struggling Aussies at Rajkot
Yes Bank's net interest margin (NIM) — a key measure of a financial institution's profitability — came in at 2.8 per cent, up by 30 basis points compared with the year-ago period.
The lender's asset quality worsened, with gross non-performing assets (NPAs) — or gross bad loans — rising to 2.17 per cent of total loans for the quarter ended March 2023 from 2.02 per cent for the previous three months.
The lender reported Rs 618 crore in provisions and contingencies, as against Rs 271 crore a year ago, according to the filing.
Yes Bank share price: Q4 performance
Yes Bank shares lost 26.9 per cent of their value in the March quarter, a period in which the Nifty headline index fell 4.1 per cent.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
India vs Australia 3rd ODI Free Live Streaming: When and How to watch IND VS AUS match live on Web, tv, mobile apps online
NPS Tier II Default Scheme: Flexibility, easy withdrawals, and no minimum balance; here's what makes it a smart choice
Debt Mutual Funds vs Fixed Deposits: Are debt funds a better choice for higher returns and early withdrawal?
Amazon Great Indian Festival Sale 2023 likely to begin soon; discounts, exchange and bank offers, and more