Operating Performance Improves, but Asset Quality Surprises Negatively Yes Bank continued to deliver higher-than-estimated operating performance in 2QFY18 driven by sharp sequential growth in NII and other income along with stellar business growth led by consumer loans and business banking portfolio. However, the Bank reported the highest ever fresh slippages to the tune of Rs19.9bn led by substantially higher divergence, as suggested by the RBI in Annual Risk Based Supervision Audit and elevated slippages (Rs7.7bn) from other stressed sectors. The Bank has reported a divergence of Rs63.5bn on gross NPA front in RBI Annual Supervision Audit for FY17, out of which only 19% (Rs12.2bn) slipped into NPA, while the...