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YES Bank looks to contain slippages to around Rs 8,500 crore in FY21

Its standard advances after subtracting net NPAs were about Rs 1.75 trillion at end-December

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Gross NPAs at end-Dec were Rs 40,709 crore, up from Rs 5,159 crore a year before (and Rs 17,134 crore at end-Sept 2019).. Photo- Dalip Kumar

Abhijit Lele Mumbai

3 min read Last Updated : Mar 16 2020 | 12:15 AM IST

After adding Rs 23,000 crore to its gross non-performing assets (NPAs) in the December quarter, ailing YES Bank now says it hopes to contain this slippage to around Rs 8,500 crore in the coming financial year (which begins April 1).

Its standard advances after subtracting net NPAs were about Rs 1.75 trillion at end-December. Advances were Rs 1.86 trillion and net NPAs at Rs 11,114 crore.

The slippage ratio (standard advances becoming NPAs) will be brought to 5 per cent in 2020-21, from 11.98 per cent in the December quarter, according to a presentation for analysts. The vulnerable portfolio, loans that have

Topics : Rana Kapoor Non-performing assets YES Bank

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