YES Bank tanks 15% as June quarter net profit slumps, bad loans mount

This is the second consecutive quarter when the bank has shown a massive hit on the bottomline since the new management under Ravneet Gill took over in March 2019.

Shares of YES Bank plunged up to 15 per cent to Rs 84 per share iin early morning deals on the BSE on Thursday after the private sector lender reported 91 per cent YoY decline in net profit in the April-June quarter of financial year 2019-20. The stock was trading at its lowest level since April 21, 2014. 

YES Bank reported a 91 per cent decline in its net profit at Rs 113.8 crore in Q1FY20, from a profit of Rs 1,260 crore in Q1FY19, due to mark-to-market provisioning of Rs 1,109 crore for bad loans and decline in non-interest