CEO Prashant Kumar said the fall in NII was due to the write-back of interest income the bank had to make after the moratorium on classifying loans as non-performing assets (NPAs) ended in September last year.
What is the reason Yes Bank share price fall?
Losses rose on deterioration of asset quality faced due to the COVID-19 pandemic which forced the bank to set aside money for potential loan losses. Share of YES Bank lost 13.40% to Rs 12.60 against previous close of Rs 14.55 on BSE. Market cap of the lender fell to Rs 34,826 crore.
Is Yes Bank share worth buying?
Those at Emkay retain Sell rating on Yes Bank shares with a target price of ₹10 amid persistent concerns over its asset quality, sub-par return ratios, and unfavorable risk-reward ratio. ... We retain a Sell rating with a target price of ₹12," it said in a note. Yes Bank's Fresh slippages fell sequentially to ₹1,783 crore.