YES Bank tanks 12% on heavy volumes as Q3 net plunges 81%

The management said it would be difficult to give guidance on margins (NIMs) due to pressure from pricing deposits.

Shares of YES Bank has tanked 12 per cent to Rs 17.35 on the BSE in Monday’s intra-day trade in an otherwise firm market on the back of heavy volumes followed weak December quarter (Q3FY23) results.

At 10:23 am; YES Bank quoted 9 per cent lower at Rs 17.95, as compared to 0.76 per cent rise in the S&P BSE Sensex. The average trading volumes at the counter more-than-doubled today. A combined 261 million shares changed hands on the NSE and BSE so far.

In Q3FY23, YES Bank’s net profit declined by 80.7 per cent year-on-year (YoY) to