Finance
Sock JohnsonYES Bank Aims for 1% ROA by FY26, CFO Banodkar Declares
Listen up, folks! YES Bank is back in the game, gunning for a 1% ROA by FY26, says the powerhouse CFO Niranjan Banodkar! With a jaw-dropping Rs 952 crore net profit last quarter, they’re flexing a 55% annual growth. After Sumitomo Mitsui jumped in, they’re eyeing a 15% growth rate! Smell that? It’s the aroma of success, baby!
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.
