Yes Bank pins hopes of economic recovery even as slippages rise

CEO Prashant Kumar said he expects the economy to recover faster this fiscal amidst the second wave of Covid led by faster vaccinations which will help Yes Bank also step up on lending. This even as fresh slippages of Rs 12,000 crore which were under wraps due to the Supreme Court (SC) ordered moratorium on NPAs forced the bank to provide more and slip to a loss after a reporting a profit in the quarter ended December 2020.

from Banking/Finance-Industry-Economic Times https://ift.tt/3aRJzkE