{"id":271470,"date":"2019-04-27T05:10:55","date_gmt":"2019-04-27T05:10:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=271470"},"modified":"2019-04-27T05:28:23","modified_gmt":"2019-04-27T05:28:23","slug":"yes-bank-posts-first-ever-quarterly-loss-of-rs-1507-cr-on-ilfs-jet-loans","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/yes-bank-posts-first-ever-quarterly-loss-of-rs-1507-cr-on-ilfs-jet-loans\/","title":{"rendered":"YES Bank posts first-ever quarterly loss of Rs 1,507 cr on IL&amp;FS, Jet loans"},"content":{"rendered":"<p>Private lender YES Bank posted its first quarterly loss, of Rs 1,507 crore, during the January-March 2019 period on account of a fall in non-interest income and a sharp increase in provisioning for bad loans, mainly due to defaults by the Infrastructure Leasing &amp; Financial Services (IL&amp;FS) group and Jet Airways. It had reported a net profit of Rs 1,179 crore in the fourth quarter of FY18. <\/p>\n<p>For the full year, the bank&#8217;s net profit more than halved to Rs 1,709.3 crore from Rs 4,233 crore in 2017-18. <\/p>\n<p>The bank\u2019s results, the first under new Managing Director and CEO Ravneet Gill, were declared after an eight-hour long board meeting on Friday. Gill in a conference call with analysts said the bank would no longer be chasing the high growth targets of the past but would focus on consistent calibrated growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private lender YES Bank posted its first quarterly loss, of Rs 1,507 crore, during the January-March 2019 period on account of a fall in non-interest income and a sharp increase in provisioning for bad loans, mainly due to defaults by the Infrastructure Leasing &amp; Financial Services (IL&amp;FS) group and Jet Airways. It had reported a net profit of Rs 1,179 crore in the fourth quarter of FY18. For the full year, the bank&#8217;s net profit more than halved to Rs 1,709.3 crore from Rs 4,233 crore in 2017-18. The bank\u2019s results, the first under new Managing Director and CEO Ravneet [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-271470","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=271470"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271470\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=271470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=271470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=271470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}