Clean-up has Yes Bank in Rs 1,506-cr net loss as provisions soar over nine-times

Under a new head after the forced exit of its promoter-chief executive Rana Kapoor, Yes Bank Friday reported a whopping Rs 1,506 crore net loss for the March quarter as against a profit of Rs 1,179 crore in the year-ago period as provisions soared over nine-times.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XLfJW3