YES Bank Profits Surge 63%, But a Rs8,415-Crore Supreme Court Shadow Threatens a Rs5,217-Crore Loss
India, Oct. 19 -- The new-generation private sector bank turned in a quarter that, on the surface, looks strong: profit up sharply, deposits and loans both growing. Auditors, though, have qualified their review over a single unresolved court matter, and its cost could be large enough to rewrite the picture if it is booked.
The Nifty 50 traded at 22,873.55 down 1.17%, while the Sensex fell 1.24% to 73,800 on Monday. Following this the Shares of Yes Bank Ltd are trading at Rs. 16.86, down 3.66 percent on Monday. The stock touched the intraday high of Rs. 17.73 after opening at Rs. 17.65 before slipping to a low of Rs. 16.81. The company commands a market capitalization of Rs. 52,921.97 crore.
Profit Climbs, But a Court Ruling Sits Beside ...
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