YES Bank Sets Sights on 1% ROA by FY26, CFO Banodkar Says

Ladies and gentlemen, YES Bank is stepping into the spotlight! With CFO Niranjan Banodkar at the helm, they’re eyeing a dazzling ROA of 1% by FY26! This December, they racked up a jaw-dropping Rs 952 crore profit, showing a 55% annual growth! They’re not just in the game; they’re redefining it! Can they tackle those legacy hurdles and hit that 15% growth? Stay tuned!

Quick rundown

YES Bank aims for a 1% return on assets by fiscal year-end.
The bank's net profit surged by 55% annually in the December quarter.
SMBC's investment boosts YES Bank's growth potential.
YES Bank is reducing its RIDF balances to improve profitability.
The bank plans to retire high-cost borrowings for better asset deployment.

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