Financially troubled Yes Bank on Saturday reported a standalone net loss of Rs 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.
At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.
The bank had reported a net profit of Rs 1,001.85 crore during the corresponding period of the previous financial year.
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Besides, the bank’s total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.
On consolidated basis, Yes Bank reported a net loss of Rs 18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.
