Yes Bank scrip dips on fears of spike in bad loans

The Times of India (New Delhi edition) - - Times Global - TIMES NEWS NET­WORK

Mum­bai: Shares of Yes Bank fell to a 10-year low on Mon­day. The crash took place af­ter IDFC Se­cu­ri­ties put out a re­port fore­cast­ing more bad loan losses. “We see higher hair­cuts due to slower res­o­lu­tions and un­cer­tainty around eq­uity rais­ing, given the sharp correction in stock price,” Mahrukh Ada­ja­nia, an­a­lyst at IDFC Se­cu­ri­ties, said in the re­port.

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