YES Bank, which gets 69% of its funding from bulk deposits and debt
YES Bank lost almost half its market value in less than a month on investors' concern that a record surge in interest rates will erode profits and boost defaults. The stock has tumbled 43 per cent, the most in the S&P BSE Bankex Index, since the Reserve Bank of India on July 15 began taking emergency steps to tighten liquidity and bolster the rupee.
YES Bank, which gets 69 per cent of its funding from bulk deposits and debt, is among lenders that are most vulnerable if rates remain high, according to Espirito Santo Securities India.
The percentage of gross and net non-performing assets stood at five per cent and three per cent, respectively as against three per cent and two per cent, respectively. It said these slippages were short-term and it would be addressed during the current financial year.
YES Bank lost almost half its market value in less than a month on investors' concern that a record surge in interest rates will erode profits and boost defaults. The stock has tumbled 43 per cent, the most in the S&P BSE Bankex Index, since the Reserve Bank of India on July 15 began taking emergency steps to tighten liquidity and bolster the rupee.
YES Bank, which gets 69 per cent of its funding from bulk deposits and debt, is among lenders that are most vulnerable if rates remain high, according to Espirito Santo Securities India.
The percentage of gross and net non-performing assets stood at five per cent and three per cent, respectively as against three per cent and two per cent, respectively. It said these slippages were short-term and it would be addressed during the current financial year.
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