Yes Bank hopes recoveries will make up for fresh slippages

Yes Bank made a record loss of Rs 18,560 crore in the quarter ended December, largely as new management stepped up recognition of NPAs and set aside Rs 24,766 crore as provisions for bad loans. More importantly, the bank has guided for another 5% slippages during the year.

from Banking/Finance-Industry-Economic Times https://ift.tt/2WkYZHw