alexa
Indianmoney.com Missed Call Number
 
Home News IndusInd Bank and YES Bank bad loans double due to a single cement co.

Read more interesting news from around the globe with Indianmoney App

Google Play
 
Get the Best Financial Advice on Business Loan Click Here
 
IndusInd Bank and YES Bank bad loans double due to a single cement co.

IndusInd Bank and YES Bank bad loans double due to a single cement co.

Thursday, April 20, 2017, 8:35 PM

Exposure to a single cement company burned a Rs 350-crore hole in the net profits of IndusInd Bank and YES Bank, both private banks otherwise known to have better asset quality controls. In compliance to a Reserve Bank notification, IndusInd Bank and YES Bank made provisions of Rs 122 crore and Rs 228 crore respectively, for their exposure to this cement company.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Get It now!