YES Bank plummets 13% as Q4 net loss widens to Rs 3,788 crore

Yes Bank shares slipped over 13 per cent in Monday's session after the private sector lender reported widening of losses during the quarter ended March 2021.

The private sector lender's standalone net loss widened marginally to Rs 3,788 crore in the March quarter of FY21 as against a net loss of Rs 3,668 crore a year ago. The lender posted a net profit of Rs 148 crore in the December quarter.

Following this development, the scrip hit an intra-day low of Rs 12.60 on the BSE. Later, it recouped some losses and was trading 4.26 per cent down at Rs 13.93 around