NEW DELHI: Private sector lender Yes Bank on Friday reported a net loss of Rs 600 crore, on a standalone basis, for the second quarter ended September 30, due to a spurt in bad loans. The bank had posted a net profit of Rs 113.76 crore in Q1. The lender’s gross NPAs (non-performing assets) or bad loans grew sharply to 7.39 per cent in Q2 from 5.01 per cent posted in the previous quarter (Q1), ended June 30. Its gross percentage of NPAs in Q2 last year stood at 1.60 per cent. The net NPAs also rose from 2.91 per cent in Q1 to 4.35 per cent in Q2. Total income also slipped 4.27 per cent to Rs 8,332.20 crore from Rs 8,704.68 crore posted during the same period last year. It had reported a total income of Rs 9,088.80 crore in the April-June quarter. Yes Bank shares slumped 3.85 points or 5.46 per cent to close at Rs 66.60 on the BSE. While, it fell 4.30 points or 6.11 per cent to finish at Rs 66.10 on the NSE.
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