Country's fifth-largest private sector lender, Yes Bank Ltd on Friday reported a net loss of Rs 1,506.6 crore for the March 2019 quarter as provisions rose.

In the corresponding quarter last year, the company posted a net profit of Rs 1,179.44 crore. CNBC-TV18 Polls had predicted a profit of Rs 952.2 crore for the quarter under review.

The total income rose to Rs 8,388.38 crore as against Rs 7,163.95 crore in the same quarter of the previous fiscal, the bank said in a regulatory filing.

Deposits grew by 13.4 percent YoY and 2.2 percent sequentially to Rs 227,610 crore. Credit deposit ratio improved to 106 percent as on March 31, 2019, from 109 percent in December 2018.

The bank's NII grew 16.3 percent YoY to Rs 2,506 crore in Q4FY19 and 26.8 percent YoY to Rs 9,809 crore in FY19. NIMs stood at 3.1 percent and 3.2 percent for Q4FY19 and FY19 respectively.

Non-interest income stood at Rs 532 crore for Q4FY19 and at Rs 4,590 crore for FY19 led by 28.1 percent YoY growth in corporate trade and CMS fees and 24.4 percent YoY growth in retail banking fees in FY19.

It's operating expenses stood at Rs 1,714 crore for Q4FY19 and at Rs 6,264 crore for FY19. Bank's net provisions stood at Rs 3,662 crore for Q4FY19 and at Rs 5,778 crore for FY19 including contingent provisions of Rs 2,100 crore, specific loan loss provisions of Rs 1,270 crore, investment MTM Provision of Rs 243 crore and other provisions of Rs 48 crore.

The bank has an aggregate outstanding funded exposure of Rs 2,528 crore as of March 31, 2019, of which Rs 2,442 crore has been classified as NPA. Rs 86 crore continues to be classified as ‘Standard’ in line with the NCLAT order dated February 25, 2019. The bank has a provision of 15 percent against this standard exposure.

Yes bank's employee strength as on March 31, 2019, stood at 21,136. As on March 31, 2019, branch network stood at 1,120 and ATM network stood at 1,456, which includes 596 bunch note acceptors/cash recyclers.

The company's board recommended a dividend of Rs 2 per equity share of Rs 2 each for the financial year ended March 31, 2019, and the same shall be payable subject to the approval of the shareholders at the ensuing Annual General Meeting of the bank.

Shares of Yes Bank settled at Rs 237.40 apiece, down 0.13 percent on the BSE.

First Published:Apr 26, 2019 6:45 PM IST