Private sector lender Yes Bank under the new management is expected to report heavy quarterly loss again due to fall in business growth and higher provisions.
Kotak Institutional Equities expects the bank to post around Rs 4,400 crore of loss during the quarter ended March 2020, while the Emkay sees loss at around Rs 7,568.2 crore for the quarter.
The bank had reported loss of Rs 1,506.6 crore in March quarter 2019 and loss of Rs 18,559.6 crore in December quarter 2019.
According to brokerages, net interest income (the difference between interest earned and interest expended) may decline around 60 percent compared to year-ago quarter due to weak loan growth.
"We expect outstanding loans to decline around 40 percent YoY and similar trend on deposits. There is likely to be an increase in pressure on NIM (interest income de-recognition). Revenue pressure will be high also due to weak fee income (sharp decline)," Kotak said.
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