menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

Yes Bank S...
source image

Bloomberg Quint

2w

read

395

img
dot

Image Credit: Bloomberg Quint

Yes Bank Share Price Falls After Q1 Business Update Shows Loans, Deposits Decline

  • Yes Bank's shares fell nearly 1% following a first quarter business update that showed a decline in loans and deposits.
  • Loans and advances decreased by 2% to Rs 2.41 lakh crore, while deposits fell by 3% to Rs 2.75 lakh crore compared to the previous quarter.
  • The current-account savings-account ratio improved to 32.7% but declined from 34.3% in the previous quarter.
  • The credit-deposit ratio increased to 87.5%, reflecting the bank's ability to cover loan losses and customer withdrawals.

Read Full Article

like

23 Likes

For uninterrupted reading, download the app