Yes Bank reports Q4 loss of ₹3,787.7 crore1 min read . Updated: 30 Apr 2021, 05:40 PM IST
- The gross NPA stood at 15.41% in the March quarter.
Private lender Yes Bank on Friday reported a net loss of ₹3,787.75 crore for the March quarter. The gross non-performing assets (NPAs) stood at 15.41% in Q4 as compared to 15.36% in the previous quarter. The net NPAs came at 5.88% versus 4.04% quarter-on-quarter (QoQ).
The bank had reported net loss of ₹3,668 crore (excluding extraordinary income) in the same quarter last year.
The net interest income (NII), the difference between interest earned and interest, came at ₹986.6 crore, down 23% from ₹1,274 crore year-on-year (YoY). Provisions during the quarter increased 7.5% at ₹5,239.6 crore versus ₹4,872 crore in Q4FY20.
The bank said it accelerated provisioning in Q4FY21, to absorb slippages due to Covid-19.
The bank's deposits in Q4 grew 11% q-o-q and 55% y-o-y at ₹1,62,947 crore. During FY21, the bank demonstrated significant improvement in performance across key indicators despite severe headwinds of Covid-19 & moratorium imposed in Mar'20, Yes Bank said in the result update.
Ahead of the results, shares of Yes Bank closed 0.7% higher at ₹14.60 on the NSE on Friday.
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