Yes Bank deposits grew 54.7 percent to Rs 1.62 lakh crore in fourth quarter
Yes Bank’s deposits increased during the March quarter, but the loss was more due to higher Los Provisioning.
New Delhi. YES Bank’s March quarter results of the private sector, which is struggling with difficulties, have been weaker than expected. According to the information sent to the stock markets, the bank’s loss in the fourth quarter of the financial year 2021 increased more than expected to Rs 3,787.75 crore. According to the bank, due to loan loss provisioning and net interest income decreased, the bank has incurred this loss. In the same quarter a year ago, Yes Bank’s loss was Rs 3,668.33 crore. The bank’s interest income declined 22.5 per cent to Rs 986.7 crore in the March quarter. It was Rs 1,273.70 crore in the March quarter a year ago. ALSO READ: JOB TALK: Due to technology, there is a lot of jobs in these places, know everything Bank deposits increase during March quarterThe bank’s deposits have increased during the March quarter. Bank deposits increased 54.7 percent to Rs 1.62 lakh crore in the fourth quarter. On a year-on-year basis, the bank’s loan declined by 2.7 per cent to Rs 1.66 lakh crore. During this period, the net interest margin of the bank decreased from 0.30 percent to 1.6 percent on a year-on-year basis. Also read: Find out when your money doubles in jokes, just follow this formula. Bank’s net interest income of only Rs 986.7 crores
Yes Bank results have been below expectations of analysts. Experts had expected that the bank’s loss could be 1076.5 crores but the loss was 3,787.75 crores. According to CNBC TV18 poll, it was expected that the bank’s net interest income could be Rs 1,937.8 crore but it was only Rs 986.7 crore. Also read: Once in a year you get a chance, if you want to earn money, do this job immediately.