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United Kingdom

India's Yes Bank Gets Cenbank Nod For Ravneet Singh Gill To Join As CEO


Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Yes Bank Ltd ::DEC QUARTER NET PROFIT 10.02 BILLION RUPEES VERSUS PROFIT OF 10.77 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR DEC QUARTER NET PROFIT WAS 10.60 BILLION RUPEES.DEC QUARTER INTEREST EARNED 79.59 BILLION RUPEES VERSUS 50.70 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS AND CONTINGENCIES 5.50 BILLION RUPEES VERSUS 4.21 BILLION RUPEES LAST YEAR.DEC QUARTER GROSS NPA 2.10 PERCENT VERSUS 1.60 PERCENT PREVIOUS QUARTER.DEC QUARTER NET NPA 1.18 PERCENT VERSUS 0.84 PERCENT PREVIOUS QUARTER.YES BANK - BANK HAS RECEIVED RBI APPROVAL FOR ITS NEW MD & CEO, RAVNEET SINGH GILL FOR HIM TO JOIN ON OR BEFORE MARCH 1, 2019.SAYS DEC QUARTER NIM 3.3 PERCENT.YES BANK - BOARD WILL CONVENE ON JANUARY 29, 2019 TO FINALIZE THE INTERIM TRANSITION FOR CEO.RE-ITERATION OF MINIMAL IMPACT FROM EXPOSURE TO ACCOUNTS IN NCLT LIST 1 AND LIST 2.