Yes Bank stock has crashed more than 50 percent in last one month wiping out more than Rs 4,600 crore in market capitalisation. It fell as much as 9 percent on Friday to hit fresh 52-week low of Rs 184.45.
It was quoting at Rs 189.30, down Rs 13.90, or 6.84 percent, on the BSE at 10:50 hours IST.
It has been the biggest loser among Nifty50 stocks in last one month.
In the dock for under-reporting bad loans, Yes Bank has denied any “window dressing” of corporate loans to conceal its non-performing asset (NPA) status.
Yes Bank further said its gross NPA ratios are among the finest in the banking industry and the internal control over financial planning is audited with BSR and Co (KPMG), that has given an “un-qualified opinion” on it.
In the dock for under-reporting bad loans, Yes Bank has denied any “window dressing” of corporate loans to conceal its non-performing asset (NPA) status.
Yes Bank further said its gross NPA ratios are among the finest in the banking industry and the internal control over financial planning is audited with BSR and Co (KPMG), that has given an “un-qualified opinion” on it.
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