YES 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!

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.

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