INSUBCONTINENT EXCLUSIVE:
Share price of Yes Bank today: The stock was on course to close lower on Monday, after two days of gainYes Bank shares fell as much as 5 per
cent on Monday, after credit ratings agency ICRA lowered its ratings on the private sector lender's long-term bonds
On the Bombay Stock Exchange (BSE), the Yes Bank stock fell 4.73 per cent to hit an intraday low of Rs 167.30 apiece, as against its
the share of BB and below rated advances and the weakened capital cushions, the outlook on the ratings remains 'Negative'
The bank's ability to resolve these advances in a timely manner will remain a key driver of its asset quality, profitability and capital
obligations, according to ICRA.The share of "BB" and below advances stood at 7.1 per cent of its advances as on March 31, 2019, ICRA noted
Conversely, the ratings could be downgraded if the BB and below rated advances increases or recoveries are limited, resulting in
1,506 crore for the quarter ended March 31, as against a profit of Rs
1,720 crore as against Rs
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