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YES Bank shares tank 30% after poor Q4 results

Updated : April 30, 2019 12:13 PM IST

Shares of YES Bank plunged 30 percent during the opening bell after the company reported a massive loss of Rs Rs 1,507 crore in the period ended March 31.
In just one quarter, the private lender's provisions rose nearly seven times to Rs 3,662 crore from Rs 550 crore reported in the December quarter.
Provisions included Rs 623 crore for loans given to IL&FS to which it has a total Rs 2,528-crore exposure.
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