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Yes Bank scrips hit 52-week low quarterly results
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SME Times News Bureau | 18 Jul, 2019
Private-lender Yes Bank hit its lowest level in 52 weeks after it fell as much as 15 per cent on the BSE on Thursday.
Investors
distanced themselves from Yes Bank counter after the bank reported a 91
per cent fall in its profit at Rs 113.76 crore, down from Rs 1,260.36
in the comparable period last year.
The amount that a company
sets aside for a known liability or "provisioning" in banking parlance
surged to Rs 1,784.11 crore from Rs 625.65 crore in the June quarter
last year.
Besides, the percentage of gross NPA sharply rose to 5.01 from 1.31 last year.
At 1.20 p.m., Yes Bank was trading at Rs 85.30 apiece, down 13.36 per cent from its Wednesday's close of 98.45.
Since
Yes Bank's last quarterly result, the shares have declined over 50 per
cent after it reported its first-ever quarterly loss.
Besides, several corporate governance issues have kept the investors at bay.
The
bank on Wednesday, however, said that it is looking into the
whistleblower complaint alleging incorrect NPA classification and
irregularities in the bank's operations but has not found "identified
any material financial statement implications".
"The bank, at the
direction of the Audit Committee and with the assistance of this
external firm, is continuing to analyze the allegations in the
whistleblower complaint and work is currently ongoing," the bank said in
a BSE filing.
It further said that on the basis of the work done
and findings till date, the bank has not identified any material
financial statement implications.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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