This came as provisions shot up to Rs 1,784.11 crore from Rs 625.65 crore last year. In the first quarter, the bank utilised Rs 1,399.30 crore from the pool towards the specific provisioning of NPAs. In absolute terms, the amount of bad loans (gross) stood at Rs 12,092.10 crore against Rs 7,882.56 crore in the fourth quarter of 2018-19. During April-June 2019, the bank witnessed gross slippages at Rs 6,232 crore and recoveries and upgrades of Rs 1,678 crore. Based on the findings till date, it has not identified any “material” financial statement implications, Yes Bank said.

Source: The Telegraph July 17, 2019 19:41 UTC