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Business Tit-Bits| Yes Bank-the reality exposed!


The new Yes Bank CEO Ravneet Gill took charge of the bank from 1.2.19 and the Yes Bank quarterly results for March 2019, show the start of a clean up by him. The Bank has declared a first ever quarterly loss in its history, of the Rs.1506 crores, largely due to higher provisioning for bad loans. It triggered a plunge in the share price of Yes Bank, which slumped by 30% in a day. The market may be shocked and surprised by these huge losses declared by Yes Bank. In this episode of the Business Tit-Bits our business editor Mr. Akhilesh Bhargava talks about why losses shown by the Yes Bank were not a shocker to us. #YesBank #RavneetGill #NPA

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