The power of one is often underestimated but Yes Bank Ltd would know what one account can do to a lender’s performance. The fourth-largest private sector bank’s bad loan metrics showed an impressive turnaround in the June quarter, with both gross and net bad loan ratios improving significantly. Moreover, the stock of bad loans too reduced sequentially by Rs654 crore. The account was labelled as stressed in all lenders’ books, and Yes Bank’s exposure was around Rs900 crore. The above account along with others had resulted in corporate lenders such as ICICI Bank Ltd, Axis Bank Ltd and Yes Bank reporting a surge in their provisions and bad loans.

Source: Mint July 27, 2017 02:15 UTC