YES Bank Invites Bids For ₹383.8 Million In Stressed Housing Loans

YES Bank has invited expressions of interest to sell stressed assets worth ₹383.8 million, according to a notice issued Saturday. These assets consist of affordable housing finance loans that have remained non-performing for over a year.

The outstanding principal was revised down from ₹395.4 million in the bank's earlier notice on May 26, following recoveries in a few accounts, it said.

For the March quarter, the bank's provisions fell 32.4% on year to ₹3.18 billion but rose 23% sequentially. Asset quality remained stable, with gross non-performing assets at 1.6% and net NPA falling to 0.3% from 0.5% a quarter ago. The provision coverage ratio stood at 87.6% as of March 31.