YES Bank under-reported Rs 6k-cr NPAs in FY17, Q2 PAT up 25%

Gross bad loans as a percentage of total loans stood at 1.82% at end-Sept, compared with 0.97% in Q1

While private sector lender YES Bank saw a 25 per cent rise in net profit, backed by growth in net interest income and fees, it saw a rise in non-performing assets (NPAs) by Rs 6,355 crore as the Reserve Bank of India (RBI) asked it to restate bad loan figures for FY17. 

Net profit for the September quarter (Q2 of FY18) rose by 25.1 per cent to Rs 1,002 crore from Rs 802 crore in the year-ago quarter. The asset quality numbers worsened significantly on the RBI’s assessment of the lender’s numbers for FY17. According to rules, if the