InvestorQ : What should Yes Bank shareholders do now? The bank has reported a huge loss and we cannot sell our shares when trading starts on 16 March?
Dia Deshpande made post

What should Yes Bank shareholders do now? The bank has reported a huge loss and we cannot sell our shares when trading starts on 16 March?

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Ria Jain answered.
10 months ago
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That is a major challenge now. Yes Bank reported a net loss of Rs.18,564 crore for Q3. The bank had a pre-tax loss of Rs.24,778 crore. The clear reason was the gross NPAs which went up sharply to 18.87% and now stands at Rs.40,709 crore. During the quarter, the bank made a provision of Rs.15,422 crore towards NPAs. This sharp spurt in NPAs means that the bank has breached the regulatory requirements of maintaining the minimum CET1 (Common Equity Tier 1) ratio. CET 1 ratio stood at 0.60% against the minimum requirement of 7.375%. The final scheme does not contain any reference to the AT1 bonds write-off. This is going to create pressure on the stock when trading opens on 16 March and nearly 75% of shares will be locked in.

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