External Vs Internal Shock: Yes or No, to YES Bank?
On Friday, 26th April, YES Bank came out with disastrous results for the March 2019 quarter, reporting a surprise loss of almost Rs1,507 crore as provisions jumped to Rs3,661.70 crore—nine times higher year-on-year (y-o-y), from Rs399.64 crore in the year-ago period. This was a big shock for the market. Analysts were expecting a profit of Rs1,050 crore. YES Bank had reported a net of...
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