Yes Bank lacked cost control: CEO Kumar

Yes Bank lacked a culture of cost control, and under the new management, the lender is targeting to reduce operational expenses by 20 per cent in FY21 by rationalizing branches and ATMs, giving up unwanted leased spaces and renegotiating rents, a top official has said.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/34wnHZv