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YES Bank’s FY19 profit shrinks on Rs 2,299 crore NPA divergence

image New Delhi: Yes BankNSE -0.96 % on Tuesday reported a lower net profit of Rs 1,084.03 crore for 2018-19 compared to Rs 1,720.28 crore announced earlier due to higher non-performing assets assessed by the Reserve Bank.

The divergence in net non-performing assets (NPAs) of the bank --the difference in bad loans reported by the bank and the assessment done by the RBI -- stood at Rs 2,299 crore for 2018-19, Yes Bank said in a regulatory filing.

The private sector lender had reported .................ET

16-Dec-2019