YES Bank nosedived 10% to Rs 299 on the BSE on Friday after it witnessed relatively weak asset quality in September 2017 quarter. It saw a rise in NPAs by Rs 6,355 crore as the Reserve Bank of India (RBI) asked it to restate bad loan figures for FY17. On Thursday, YES Bank share rose 1.24% to close at Rs 331.70 on the BSE. The divergence reported in 2016-17 is also higher than the divergence reported in 2015-16 when RBI had red-flagged Rs 4,925.6 crore of loans as NPAs when the bank had reported a gross NPA of Rs 748.9 crore. Rana Kapoor, managing director and chief executive officer, YES Bank, told analysts in the concall, "Over the past two quarters, the amount of loans picked by the regulator have either been repaid and recognised by the bank.

Source: dna October 27, 2017 05:48 UTC