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Yes Bank reports biggest quarterly loss in 14 years on Jet loans

Private lender Yes Bank on Friday reported its first massive quarterly loss of ₹1,507 crore in the January to March period due to increased exposure to bad loans. Gross NPAs soared to 3.22% as the bank's net profit for the full year dropped 59% to ₹1,709 crore mainly due to defaults by IL&FS group and Jet Airways. The board recommended a dividend of ₹2 per share and also approved fundraising of ₹20,000 crore by issuing debt.

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Yes Bank reports biggest quarterly loss in 14 years on Jet loans

Yes Bank reports biggest quarterly loss in 14 years on Jet loans