Yes Bank Tables Lower NPAs, Stock Take A Nosedive

Private sector lender Yes Bank Ltd.’s shares dipped over 5% on BSE on today’s trading session as Yes Bank reported Rs 4176.7 crore in gross NPA in stark contrast to RBI's assessment of Rs 4176.7 crore for March 2016, reported a leading news agency.

The net NPAs, according to the annual report of the bank, were at Rs 3318.7 crore. Yes Bank’s gross NPAs as on March 2016 stood at Rs 750 crore while gross NPAs assessed by RBI were at Rs 4925.7 crore.

Net NPAs for the bank were at Rs 284.5 crore, while RBI’s assessment for net NPAs stood at Rs 3603.1 crore. BSE Bankex is negative territory weak by over 212 points or 0.82% at 25736 levels

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