Yes Bank books loss of Rs 1,506 crore

New Delhi: Private sector lender Yes Bank Friday reported a loss of Rs 1,506.64 crore for the fourth quarter ended March 2019 owing to rise in provisioning for bad loans. The bank had recorded a net profit of Rs 1,179.44 crore on standalone basis during January-March period of 2017-18. However, total income rose to Rs 8,388.38 crore as against Rs 7,163.95 crore in the same quarter of the previous fiscal, the bank said in a regulatory filing.

(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal

www.freepressjournal.in