Yes Bank lost 2.52% to Rs 1,565 at 9:21 IST on BSE as the bank reported rise in bad loans in the quarter ended March 2017 over corresponding previous quarter and sequential quarter ended 31 December 2016.The result was announced after market hours yesterday, 19 April 2017.
Meanwhile, the S&P BSE Sensex was up 38.06 points or 0.13% at 29,374.63.
On the BSE, 1.76 lakh shares were traded on the counter so far as against the average daily volumes of 1.70 lakh shares in the past one quarter. The stock had hit a high of Rs 1,574.40 and a low of Rs 1,501 so far during the day.
The stock had hit a record high of Rs 1,638 on 13 April 2017 and a 52-week low of Rs 871.45 on 25 April 2016. It had outperformed the market over the past one month till 19 April 2017, advancing 6.46% compared with the Sensex's 1.05% fall. The scrip had also outperformed the market over the past one quarter, gaining 19.17% as against the Sensex's 7.43% rise.
The large-cap bank has equity capital of Rs 456.67 crore. Face value per share is Rs 10.
Yes Bank's net profit rose 30.2% to Rs 914.10 crore on 29.4% rise in total income to Rs 5606.38 crore in Q4 March 2017 over Q4 March 2016.
The bank's gross non-performing assets (NPAs) rose to Rs 2018.56 crore as on 31 March 2017 as against Rs 1005.85 crore as on 30 December 2016 and Rs 748.98 crore as on 31 March 2016.
The ratio of gross NPAs to gross advances rose to 1.52% as on 31 March 2017 as against 0.85% as on 31 December 2016 and 0.76% as on 31 March 2016. The ratio of net NPAs to net advances stood at 0.81% as on 31 March 2017 as against 0.29% as on 31 December 2016 and 0.29% as on 31 March 2016.
The bank's provisions and contingencies (excluding tax provisions) rose 66.11% to Rs 309.73 crore in Q4 March 2017 over Q4 March 2016.
The board of directors of the bank recommended the payment of final dividend Rs 12 per share for the year ended 31 March 2017 (FY 2017).
The board has also approved raising of funds by way of issuance of debt securities including but not limited to non-convertible debentures, MTN (medium term notes), bonds upto Rs 20000 crore (in Rupee or foreign currency) by the bank to eligible investors on private placement, subject to approval of the shareholders.
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