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Yes Bank posts staggering Q3 standalone net loss of Rs 18,560 cr
TIWN
TIWN
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Mumbai, March 16 (TIWN) 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.
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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