YES Bank slumps 10% on second-largest quarterly loss in Q2, recovers later

In a conference call with analysts, Ravneet Gill, MD & CEO of YES Bank, said the fresh capital would come in by December-end. The binding offer of $1.2 billion came from a North American investor

Shares of YES Bank slipped 10 per cent to Rs 59.95 per share in the morning deals on Monday after the bank reported its second largest quarterly (consolidated) loss of Rs 629 crore for the September quarter of FY20 due to a spurt in bad loans. On a standalone basis, the loss was Rs 600.08 crore. 

This was the second biggest loss for the bank since its listing after Rs 1,506.60 crore loss in March quarter this year. The bank had posted a net profit of Rs 964.70 crore in Q2FY19.

The bank's gross bad loans jumped to 7.39 per