Mumbai:Like its peers, private sector lender Yes Bank also suffered a deterioration in the asset quality of its retail loans in the June quarter, reflecting the shock impact of the second covid-19 wave on income streams of small borrowers. As compared to the previous quarter (January-March), the bank’s retail gross non-performing assets (NPA) ratio rose 40 basis points (bps) to 3.3% of retail assets. That apart, retail loans that were overdue between 61-90 days rose to ₹790 crore in the June quarter, from ₹234 crore in the March quarter and ₹513 crore a year ago. The bank added ₹760 crore of bad loans in the retail segment, recovered and upgraded ₹224 crore, and wrote off ₹344 crore of individual loans in Q1 FY22. Yes Bank shares on BSE stood at ₹13.07 on Friday, up 0.38% from its previous close.

Source: Mint July 23, 2021 13:49 UTC