YES Bank reports INR600.08cr loss for September quarter.
YES Bank Says “Oh No”: On Friday, private lender YES Bank reported an INR600.08cr loss for the September quarter. This was the biggest loss for the bank since its listing after the INR1506.6cr loss in the quarter ending March this year.
The loss was mainly due to a one-off DTA adjustment of INR709cr due to the change in the corporate tax regime. Excluding this, the adjusted profit was INR109cr.
How Times Change: At the same time last year, YES Bank had reported a profit of INR964.7cr.