Yes Bank Tanks Over 4% On Rising Loans In Q4

India's fifth largest private sector Bank, Yes Bank, slipped in trade on Thursday in the early morning session as the bank on Wednesday, post market hours has posted rise in bad loans in the quarter ended March 2017, over the previous quarter.

The stock during early morning session hit an intraday high of Rs 1574 per share and intraday low of Rs 1501 per share, moving down over 4%. It witnessed a huge spurt in volumes by over 2.76 times on the BSE.

The bank’s net profit increased 30.2% to Rs 914.10 crore on 29.4% rise in total income to Rs 5606.38 crore in Q4 March 2017 over Q4 March 2016.

The bank's gross non-performing assets (NPAs) as on March 31 rose to Rs 2018.56 crore as compared to Rs 1005.85 crore as on December 30, 2016 and Rs 748.98 crore as on March 31, 2016.

The shares of the bank on the NSE have delivered just over 75% in a period of one year, outperforming the BSE Sensex and BSE Bankex with a significant margin over the same time period.

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