The Yes Bank stock is likely to come under pressure when trading resumes Tuesday, following the announcement of its results post trading hours on Friday with the bank reporting a loss of Rs 1,500 crore. The losses in the fourth quarter of the current fiscal was on account of higher provisions made by the bank under new CEO Ravneet Gill. Provisions spiked to Rs 3,661.7 crore, with a contingency amount of Rs 2,100 crore following a review of its credit portfolio. Yes Bank had earned a net profit of Rs 1179.4 crore in the fourth quarter of 2017-18. NPAs in absolute terms rose to Rs 7,882.56 crore against Rs 5,158.62 crore in the previous quarter.

Source: The Telegraph April 29, 2019 19:30 UTC