YES Bank rebounds 11%, but still down 5% as Q2 profit misses estimates

The stock slipped 15% to Rs 169 in early morning trade after the private sector lender reported a lower than expected net profit in Q2FY19.

Shares of YES Bank has rebound 11% from its early morning low, but still down 5% at Rs 188 at 10:17 am; on Friday after the private sector lender reported a lower than expected net profit on higher provisioning for bad loans and mark-to-market (MTM) losses in the September quarter (Q2FY19).

The stock slipped 15% to Rs 169 in early morning trade, close to its 52-week low of Rs 166 touched on September 28, 2018, on the BSE in intra-day trade.

YES Bank on Thursday after market hours reported a decline of 3.87% in net profit to Rs