Yes Bank results: Higher slippages cause deterioration in asset quality, drag PAT below estimates
Updated : October 26, 2018 01:26 PM IST
Though the bank reported in-line set of numbers with regards to topline growth, significant deterioration in asset quality on account of elevated slippages led to profits being lower than estimates.
The balance sheet growth remained strong for the bank with the deposits and advances being at Rs 4.6 lakh crore, up 50.8 percent year-on-year(YoY) and 8 percent quarter-on-quarter(QoQ).
Deposits of the bank grew by 41 percent YoY and 4.4 percent QoQ.