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Capital Gain

YES Bank CFO Rajat Monga has sold stock worth ₹37.5 crore in FY18 so far

With a 7.4% year-on-year increase in profit and a 26.8% increase in net interest income for Q3FY18, YES Bank has reason to cheer but its asset quality woes are far from resolved. Over the past three years, the divergence between the RBI’s and bank’s recognition of NPAs has only grown wider, with the latest assessment in October 2017 highlighting a divergence of Rs.6,355.2 crore for FY17.

While growth in advances reported a steep yearly increase of 46% and CASA ratio also reported a growth of 38% in Q3FY18 against 33.3% in Q3FY17, the quarter also saw fresh slippage of 1.2%. During the latest earnings call presentation, CEO Rana Kapoor stated that 60% coverage wil

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