Yes Bank Shares Plunge 30 Percent as Jet Airways Exposure Hurts

Yes Bank Shares Plunge 30 Percent as Jet Airways Exposure Hurts
Share it ...

– The Indian banking sector has been struggling with high levels of non-performing assets, exacerbated by weak performances in the infrastructure and airline sectors

Floryday WW

– Yes Bank is part of a group of lenders to debt-ridden Jet Airways, which was forced to ground all flights earlier this month after it ran out of funds

– Gross slippages, or accumulation of fresh bad loans, came in at 34.81 billion rupees ($498.6 million) in the quarter ended March 31

– Of that, 5.52 billion rupees were on account of exposure to an airline, the bank said without naming the carrier

– While 5.29 billion rupees was on account exposure to struggling infrastructure conglomerate IL&FS

#ElectionsWithNews18 #BattleOf2019 #ABillionVotes
#Elections2019 #LokSabhaElections2019 #IndiaElects
#ElectionWatch #ElectionNewstrack #ElectionBreaking

CNN-News18 is India’s most awarded English News Channel, and is one of the most respected and dynamic media brands in the country today. CNN-News18 has in a short time, redefined the limits and has set new standards for journalism in Indian news television through its differentiated programming and philosophy of inclusive journalism the spirit of ‘Whatever It Takes’. CNN-News18 continues to be India’s window to the world and world’s window into India. CNN-News18 has been awarded all the prestigious awards in the General News category in the country.

Subscribe our channel for latest news updates:

Follow Us On: