NEW DELHI:
Yes Bank Limited is scheduled to release its fourth-quarter earnings report on Wednesday evening i.e. May 6, 2020. The company, which was bailed out by an SBI-led consortium of banks in February, is likely to report poor growth numbers in March quarter due to sharp deposit outflows.
In the previous quarter, the company has reported a record loss of Rs 18,564 crore after being put under administration. Yes Bank's bad loans shot up substantially to Rs 40,709 crore during December quarter.
The investors are advised to keep an eye on the following points in the Q4 results of Yes Bank:
- Commentary from the management on capital raising
- Progress of 'below investment grade' portfolio
- Deposit profile of the company
The shares of the Yes Bank fell over 5 per cent in early trading hours on Wednesday, May 6. At 1.57 PM, the shares of the company were trading at Rs 26.35, down 0.94 per cent on
Bombay Stock Exchange (BSE).
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