REG - YES Bank Limited - Disclosure under Indian Listing Regulations

Yes BankAnnouncement

19/11/2019 15:05

RNS Number : 9501T
YES Bank Limited
19 November 2019
 


 
YBL/CS/2019-20/115
 
November 19, 2019
 



India International Exchange IFSC Limited
101 First Floor, Hiranandani Signature Tower,
GIFT City IFSC - 382355, Gujarat, India


The Singapore Exchange Securities Trading Limited
2, Shenton Way #19-00
SGX Centre 1, Singapore 068804
 




The London Stock Exchange
10, Patemoster Square,
London, EC4M 7LS
 







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Dear Sirs,
 
Sub.:   Disclosure under Indian Listing Regulations
 
In terms of Indian Listing Regulations and other applicable provisions, the disclosure regarding the divergence in the asset classification and provisioning is enclosed herewith.
 
Kindly take note of the above.
 
The announcements made by the Bank can also be accessed at its website www.yesbank.in.
 
Thanking you,
 
Yours faithfully,
For YES BANK LIMITED
 
 
 
Shivanand R. Shettigar
Group Company Secretary
 
Encl: As above




ANNEXURE
Divergence in Asset Classification and Provisioning for NPAs



Sr. No.


Particulars


Rs.  '000s




1.


Gross NPAs as on March 31, 2019 as reported by the Bank


78,825,589




2.


Gross NPAs as on March 31, 2019 as assessed by RBI


111,595,589




3.


Divergence in Gross NPAs (2-1)


32,770,000




4.


Net NPAs as on March 31, 2019 as reported by the Bank


44,848,493




5.


Net NPAs as on March 31, 2019 as assessed by RBI


67,838,493




6.


Divergence in Net NPAs (5-4)


22,990,000




7.


Provisions for NPAs as on March 31, 2019 as reported by the Bank


33,977,097




8.


Provisions for NPAs as on March 31, 2019 as assessed by RBI


43,757,097




9.


Divergence in provisioning (8-7)


9,780,000




10.


Reported Net Profits after Tax (PAT) for the year ended March 31, 2019


17,202,788




11.


Adjusted (notional) Net Profit after Tax (PAT) for the year ended March 31, 2019 after taking into account the divergence in provisioning


10,840,311



 
Management Commentary:
Divergences pertain to the previous financial year i.e. position as on March 31, 2019



Divergence in Gross NPA


Rs. Crores




Divergences in Gross NPA position as on March 31, 2019


3,277




Gross NPA already classified by the Bank as on September 30, 2019


1,259




Incremental Gross NPA


2,018



 



Divergence in Provisioning


Rs. Crores




Divergences in Provision as on March 31, 2019


978




Of which provisions made upto September 30, 2019


346




Additional Provisioning requirement


632



 
1.   It may kindly be noted that the RAR pertains to the financial year ending March 31, 2019
 
2.   The Bank's management stands irrevocably committed to ensuring the highest standards of Accounting and Governance transparency
 
3.   This was also evidenced through the proactive measure of taking Rs. 2,100 Crores of 'Contingency Provision' on exposures which were fully 'Standard' as on March 31, 2019
 
4.   In the current financial year, the Bank has made material policy & personnel changes to ensure fullest regulatory compliance.
 
5.   The Bank intends to convene a meeting of its Board of Directors by end of this month to finalise it's capital raise. 




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