Yes Bank shares on Monday ended more than 3 per cent lower due to higher provisions numbers which curtailed its net profit growth to 10 per cent in the June quarter.
Yes Bank shares declined 3.65 per cent to close at Rs 17.40 apiece on the BSE.
A similar movement was also seen on the NSE, where the stock witnessed heavy sell-off pressure at higher levels in the early trade and tanked 3.60 per cent to settle at Rs 17.40 per share.
During the day, the stock witnessed a high of Rs 18.45 per piece on the exchange.
In volume terms, 27.46 crore equity shares were traded on the NSE, while 4.59 crore shares were traded on the BSE.
On Monday, the 30-share BSE Sensex settled 299.48 points or 0.45 per cent lower at 66,384.78 points.
SBI-controlled Yes Bank has reported around two-fold rise in provisions for bad loans to Rs 360 crore in the June quarter as a large real estate borrower with Rs 400 crore dues became a dud loan during the quarter. This was because fresh slippages jumped to Rs 1
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