Finance
EnglishYES Bank Aiming for 1% ROA as Profits Soar: CFO Banodkar
YES Bank is making a comeback! CFO Niranjan Banodkar announced they’re shooting for a 1% return on assets this year. With a whopping Rs 952 crore profit last quarter, that's a 55% jump from last year! Thanks to Sumitomo Mitsui's new stake, they’re set to grow by 15% while tackling old lending issues. It’s looking bright for YES Bank!
few days ago | Press Trust of India
Quick rundown
1.YES Bank aims for a 1% return on assets by fiscal year-end.
2.The bank's net profit surged by 55% annually in the December quarter.
3.SMBC's investment boosts YES Bank's growth potential.
4.YES Bank is reducing its RIDF balances to improve profitability.
5.The bank plans to retire high-cost borrowings for better asset deployment.
