Yes Bank’s loans, advances shrink marginally
The present situation of the world is not going well. One will have to understand that the pandemic has affected not only the priority sectors but also has affected the small scale industries and the basic industries as well. With the advent of the spread of the pandemic laddu between lockdowns due to which the milk family and the business have got a big blow.
Yesterday data of Yes Bank has been revealed where it has been noticed that the loans and advances of the Yes Bank dropped 0.4 %. It also has been added in the statement that the loans and advances in the current year are 63000 while on the other side of the coin the same thing and on the same day in the previous year it was about 164000 crores which is the sign of decreasing trend of near about 0.4 %.
According to the statement, it has also been presumed that the figures which have been mentioned need the approval of the audit committee and board of directors.
The liquidity coverage ratio of the bank has increased a lot to that of about 118 points which is another positive sign for the bank and due to which the deposits have also got jammed up to a large extent does result in the good changes within the organisation.