Home / Market / News / Why Yes Bank shares falling more than 7% on 27th Oct 2017.

Why Yes Bank shares falling more than 7% on 27th Oct 2017.

Yes Bank lost 7.39% on 27th Oct 2017 as the non-performing assets increased by more than 1 times from 1364.4 crores in June end to 2720.34 crores in the end of September which as reported in the quarterly results to the exchanges on 26th Oct 2017.

In addition Yes bank reported a divergence in gross bad loans of Rs 6,355 crore in FY17. Earlier RBI in its risk-based supervision have observed the difference in NPA reported by the bank and its observation.

In addition to it on Tuesday 24th Oct 2017 RBI have penalized 6 crore for violating various regulations issued by RBI in the assessment of NPA’s and delay in reporting a ATM related security issue.

Since Tuesday Yes bank lost more than 13%, whereas after the June quarter results Yes bank lost 10%.

Yes bank closed at 343 by gaining 5.82% on 26-July-2017 when Jun quarter results was announced whereas Yes bank closed at 307.05 by losing 7.29% after the Sep quarter results.

Click here to view nifty trading strategy!!!

Yes Bank Returns :

Last 3 Months (i.e from 27-Jul-2017)  -40.9 %
Current Year (i.e from 01-Jan-2017)  + 76.21 %
Last One year(i.e from 27-Jul-2016)   + 56 %

Recent Corporate Actions:

  1. Yes Bank had last split the face value of its shares from Rs 10 to Rs 2 September 21, 2017. for more info on the stock split click here.
  2. Yes Bank has a good report of declaring dividend to the shareholders on yearly basis. For the current year Rs.12 was issued as a dividend on 29-May-2017.

Click here to view bank nifty target for tomoorrow!!!

Click here for free nifty trading strategy!!!

Leave a Reply

Your email address will not be published. Required fields are marked *